Answer:
Computer; $ 3800
Printer; $3150
Desk; $4000
File Cabinet; $3200
Explanation:
First we need to determine how to determine the depreciable basis for the asset.
The basis of assets converted from personal use to business use in terms of depreciable amount is the lesser of (1) fair market value on date of conversion or (2) basis on the date of conversion (the cost price)
Now we apply this to the following assets
Computer: Depreciable base of $ 3800 ( FMV < Purchase price )
Printer: $3150 ( FMV < Purchase price )
Desk: $4000 ( FMV < Purchase price )
File Cabinet: $3200 ( FMV > Purchase price )
Answer:
iii.Income earned on T-bills is exempt from state and local taxes.
Explanation:
Some staes might require that require that income earned from T-bills be reported regardless of the tax exempt status.
Answer:
Apples supply increase imply new equilibrium at lower price, higher quantity. Demand downwards expansion on the curve itself is due to lower price.
Explanation:
Market is at equilibrium where Market Demand = Market Supply, & downward sloping demand curve intersects upward sloping demand curve.
If supply of apples increase & supply curve shifts rightwards, there is Excess Supply at previous equilibrium. Excess Supply creates competition among sellers, reduces new market price.
At lower price, demand expands & supply contratcs. New Equilibrium quantity is higher where new (rightwards shifted) supply curve intersects demand curve.
Quantity demanded increases (expands - downwards movement on demand curve) due to lower price, despite of no change in demand.
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
<em>For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5. </em>
