Tax savings generated from deductions are considered cash inflows.
Answer: false
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Answer:
None of the above options are correct
Depletion amount in 2019 = $52.480
Explanation:
The Cost of Quarry (Depletion Base ) = $164000
Estimated Salable Rock (Units Extracted) = 20000 tons
Depletion Rate = Depletion Base /Units Extracted
Depletion Rate for 2018 = 164000/ 20000 = $8.2/ton
Units Extracted in 2018 = 4000 tons
Depletion amount in 2018 = Depletion Rate for 2018 *Units Extracted in 2018
Depletion amount in 2018 = $(8.2*4000) = $32800
In 2019
Depletion Base in 2019 = The Cost of Quarry - Depletion amount in 2018 = 164000-32800 = $131200
Estimated Salable Rock in 2019 (Units Extracted) = 20000 tons
Depletion Rate for 2019 = 131200/ 20000 = $6.56/ton
Units Extracted in 2019 = 8000 tons
Depletion amount in 2019 = $(6.56*8000) = $52480
Answer:
Library of Congress (LOC)
Explanation:
A library also known as a bookhouse can be defined as an institution having various collection of books and other informative materials that people can read to gain more knowledge, insight and motivation about a particular topic. An example of a library is the Library of Congress (LOC) located in Washington DC, United States of America.
Library of Congress (LOC) refers to the research library used by the Congress of the United States of America to provide or gain access to a diverse and rich source of knowledge (informations) about things, places, animals, plants, people, etc.
Basically, it comprises of millions of literary works such as manuscripts, books, photographs, maps, recordings, newspapers in its collection and as a result of this, it is known to be the largest library in the world.
The Library of Congress (LOC) offers users an "Ask a Librarian" feature to inquire about the library's collections. Therefore, users can easily make enquiries from a librarian on any thing they aren't clear about using the Library of Congress (LOC).
Answer:
B) government spending and taxes that automatically increase or decrease along with the business cycle.
Explanation:
The two most common automatic stabilizers are: income taxes and unemployment benefits.
When the economy is strong, people make more money, and income tax revenue automatically increases.
On the contrary, when the economy is weak, or in recession, people earn less, and more of them are unemployed. Unemployment benefits therefore increase accordingly.
Average income is important because it tells us the income of an average person and gives an idea about the rising standard of living of people.
Average income is basically income earned per person in a given area in a specific year. More income means more money to fulfill your needs and wants. It is believed that the prosperity of a country depends on it. Money is considered an important factor in the development of a country. If the average income of a country increases there are chances of an increase in the development of that country. If the average income is lower there are fewer chances of development.
A country with high average income is considered rich and low average income country is considered poor. The World Bank also uses the average income to measure the development of any country. Therefore average income is considered a very important criteria for development.
You can learn more about average income at
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