Answer:
The simple interest of $34100 at 4% for 3 years
Explanation:
(34100 x .04) x 3
Please mark Brainliest.
Answer: $5510
Explanation:
For organizations cost up to $50,000, there'll be a deduction of $5000. The remaining non deductible expense will then be spread out for 180 months. Here, the non deductible cost will be:
= ($13200 + $7100) - $5000
= $20300 - $5000
= $15300
The capitalized cost will then be:
= $15300 / 180
= $85 per month.
Since there's an ammortization of 6 months from July, then the capitalized cost will be:
= $85 × 6
= $510
Therefore, the amount that should be deducted on its first tax return will be:
= $5000 + $510
= $5510
Answer:
Asset = Equity + Liability
Account Receivable(+850) = Service Revenue (+850) + No impact
Explanation:
Service performed on Account create a receivable and increase the service revenue. As we know a receivable is an asset, addition to the receivable will increase the total asset value. On the other hand the service revenue ultimately becomes the part of equity in the form of net income or retained earning. So, increase in service revenue will increase the equity value.
