Answer:
Brokers must disclose the information regarding the improvement and the fact that the property's taxes will increase the next year. Neighborhood improvements are paid by Special Assessment Districts adding taxes to existing properties or increasing sales taxes. Buyers need to know what property taxes they are expected to pay, and in this case, the current property taxes must be adjusted to show the real amount that will be paid in the future.
This isn't something necessarily bad because you are going to pay higher taxes, but your neighborhood is also improving.
Answer:
$113,200
Explanation:
Data provided
Cost of goods sold = $101,000
Increase in Inventory = $8,100
Decrease in Accounts payable = $4,100
The calculation of Adjusted cost of goods sold is shown below:-
Adjusted cost of goods sold = Cost of goods sold + Increase in Inventory + Decrease in Accounts payable
= $101,000 + $8,100 + $4,100
= $113,200
Therefore for computing the adjusted cost of goods sold we simply applied the above formula.
Answered:who do you work for
Explanation:
Answer:
2018: 8 months
Depreciation= $916,67
2019: full year
Depreciation= $1375
Explanation:
Giving the following information:
Taco Hut purchased equipment on May 1, 2018.
Price: $15,000.
Residual value: $4,000
Useful life: 8 year
We need to calculate the depreciation for 2018 and 2019 using straight-line method:
Depreciation= (purchase price- residual value)/useful life
Depreciation= (15000-4000)/8= $1375
2018: 8 months
Depreciation=(1375/12)*8= 916,67
2019: full year
Depreciation= $1375
