I think it is false hopefully it is right
Answer:
The correct answer is $84 million.
Explanation:
According to the scenario, the computation of the given data are as follows:
Taxable income = $255 million
Tax rate = 40%
Tax credit = $30 million
So, Current tax payable = $255 million × 40% = $102 million
So, Net current tax payable = Current tax payable - Tax credit
= $102 million - $30 million
= $72 million
So, we can calculate the total income tax expense by using following formula:
Total income tax expense = net current tax payable + Additional projected liability
= $72 million + ( $30 million - $18 million)
= $72 million + $12 million
= $84 million
<span>“I think you handled the problem in a very clever way.” is the correct sentence
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Answer:
The depreciation charge in 2021 is $ 164,000.00
Explanation:
Annual depreciation charge=cost-salvage value/useful life
cost is $610,000
salvage value is $61,000
useful life is 9 years
Annual depreciation charge=($610,000-$61,000)/9=$61000
The depreciation of charge of $61000 is applicable to years 2018 ,2019 and 2020 respectively.
The estimates of the asset changed in the year 2021,hence a new depreciation based on the present book value is required.
revised depreciation charge=$610,000-($61,000*3)-$99,000/(5-3)=
$164,000.00
Answer:
See below
Explanation:
Total costs = Product costs + Administrative costs
= ($75 × 30,000) + $85,000 - ($50 × 30,000) + $65,000 = $3,900,000
Total cost per unit =Total cost / Units expected to be sold= $3,900,000 /30,000 = $130
Markup per unit = Total cost per unit × Markup percentage = $130.00 × 25% = $32.5
