Answer:
total Equity at end of the year = $69019 million
Explanation:
given data
assets = $123,249 million
liabilities = $54,230 million
to find out
total equity
solution
we get here total Equity at end of the year that is express as
total Equity at end of the year = Asset - Liabilities .................1
put here value we get
total Equity at end of the year = $123,249 million - $54,230 million
total Equity at end of the year = $69019 million
Answer:
The maximum deduction is $207,000.
Explanation:
As per MACRS depreciation table 5 years half year conversion depreciation rate for first year is 20% - 100%/5 = 20%
The maximum deduction is $1,035,000 * 20% = $207,000
Answer:
Given that
India GDP = 119 trillion rupes
USA GDP = $16.5 trillion
61 rupes = 1 dollar
Therefore
India GDP = 119/61 = $1.95 trillion.
a. Ratio of India GDP to US GDP
= 1.95 : 16.5
That is (1.95 ÷ 16.5) × 100
= 11.818%
Thus,
India GDP is approximately 11.82% of USA GDP.
b. Given that price level = 0.280
Thus,
Real GDP ratio
= 0.11818 ÷ 0.280
= 0.422
Therefore, in terms of purchasing power, India GDP = 42.2% of USA GDP.
c. The reason why they are different is because the second ratio accounts for the facts that goods and services costs less in India than in USA.
