Answer:
Vehicle registration
Explanation:
Vehicle registration reoccurs annually, the other costs are one time.
Answer:
The correct answer is A) $2.800
Explanation:
Using the straight-line method to depreciate, the calculation to find the depreciation tax shield is the following:
- Finding the depreciable cost:
- Finding the depreciation per year:
- Finally, the depreciation tax shield for 2018:
Answer:
9.14%
Explanation:
Tax exempt yield = 6.40% = 0.064
Marginal tax rate = 30% = 0.30
Equivalent taxable yield = Tax exempt yield / (1 - marginal tax rate)
Equivalent taxable yield = 0.064 / (1 - 0.30)
Equivalent taxable yield = 0.064 / 0.70
Equivalent taxable yield = 0.0914286
Equivalent taxable yield = 9.14%
Checkbook registers keep track of any amount of money in their account
Answer:
The correct answer is b. $30,000.
Explanation:
The depreciation is systematic allocation of cost of asset over its useful life. In straight line method cost is allocated evenly during the period of asset usage. Detail calculations are given below.
Depreciation expense = Cost of asset/Useful Life
= 90,000/3
= 30,000
