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AleksAgata [21]
4 years ago
11

Nebraska Communications is considering the purchase of a new satellite. The firm believes the satellite will help generate futur

e earnings. In addition, the firm recognizes the tax benefits of a lower net income provided by the annual ________ of the asset.
Business
1 answer:
maks197457 [2]4 years ago
4 0

Answer:

Depreciation

Explanation:

Businesses are permitted to use depreciation as an expense of business operations. This extra expense will lower a firm's taxable income.

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Why is it important to know the interest rate on your credit card?
miv72 [106K]
The higher the interest rate, the more money you will pay back from using their credit card.
8 0
3 years ago
Read 2 more answers
A CPA sole practitioner purchased stock in a client corporation and placed it in a trust as an educational fund for the CPA's mi
Orlov [11]

Answer:

Yes, because the stock is a direct financial interest.

Explanation:

The principals of the AICPA Code of Professional Conduct contains the responsibilities which are to exercise sensitive professional and moral judgment, in terms of the Public Interest to always honor the public trust and perform responsibilities with the highest sense of integrity.

The 3 Parts of the AICPA code of conduct. This includes:

(1) Members in public practice

(2) Members in business

(3) Other members

In accounting, code of conduct is important as it makes individuals to accept a high degree of responsibility toward the public.

Thd independence of a covered member is impaired when:

A. The covered member has a direct financial interest in a client

B. The covered member has a material indirect financial interest in the client

Direct Financial Interest

This is simply known as the ownership interests that is directly held in a client. An example is stock ownership, even if owned in a blind trust etc.

4 0
3 years ago
A company purchased a new truck at a cost of $42,000 on july 1. the truck is estimated to have a useful life of 6 years and a sa
emmainna [20.7K]
Depreciation expenses=
(Purchase cost - Salvage Value)×depreciation rate×time

Calculate the depreciation rate
100%/6years=16.6667%

Time from July 1 to December 31 there are 6 months so the time would be 6/12months

So
Depreciation expenses is
(42,000−3,000)×0.166667×(6÷12)
=3,250....answer

Hope it helps!
7 0
3 years ago
List and briefly explain five activities for which a purchasing department normally has responsibility.
Norma-Jean [14]
The 24 statements is that your list and brief statement explains the five activities for what a purchasing department normally has for responsibility.  

6 0
3 years ago
(2-3 statements answer only) I'll give brainliesr.
hichkok12 [17]

Answer:

factor market

Explanation

Lemme know if I'm wrong :/

8 0
3 years ago
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