Explanation:
Blossom Leasing Company agrees to lease equipment to Blue Corporation on January 1, 2020. The following information relates to the lease agreement.
Answer:
the Consumer Price Index is rising
Explanation:
The CPI measures the rate of inflation, which is one of the greatest threats to a healthy economy. Inflation eats away at your standard of living if your income doesn't keep pace with rising prices—your cost of living increases over time. A high inflation rate can hurt the economy.
Answer:
Total deductible organization expenses is $ 6,611
Explanation:
Upto $ 5000 in qualifying organization expenses are deductible in the year they are incurred , with the amount reduced by the amount by which total organizational expenses exceed $50,000. With a total of $51,000 Crimson corp could deduct $ 4000 .
In addition , the remaining $ 47,000 is amortized over 15 years or 180 months , begining in the period in which the entity commences operations. Since crimson began operaions in March 2016 , amortization would be for 10 months ( march 2016 - december 2016 )
Amoritzation for march 2016 to december 2016 = 10 / 180 * $47,000
= $2611
Total deductible organization expenses = $4,000 + $ 2,611
= $ 6,611
The local advertiser most likely
offered John a Stock poster, a high-quality advertising at a lower cost. It is ready-made, 30-sheet
posters are available in any quantity and often feature the work of<span> First-class
artists and lithographers. Local florists, dairies, banks, or bakeries simply place
their name <span>in the appropriate spot.</span></span>
