Answer:
$322,000
Explanation:
For computing the book value at the beginning of the third year first we have to determine the depreciation expense using the straight-line method which is shown below:
= (Original cost of equipment - expected salvage value) ÷ (estimated life)
= ($490,000 - $70,000) ÷ (5 years)
= ($20,000) ÷ (5 years)
= $84,000
In this method, the depreciation is same for all the remaining useful life
For two years, the accumulated depreciation is
= $84,000 × 2
= $168,000
So, the book value is
= $490,000 - $168,000
= $322,000
This is the answer but the same is not provided in the given options
Answer:
Correct option is (c)
Explanation:
In international market contract manufacturing is when one firm manufactures goods under another firm's label or brand. Under this type of manufacturing, a company seeks another company in a different country to manufacture goods for it. This is done as the it could be costly to manufacture goods in home country in terms of human resources and raw materials.
So, contract manufacturing, also called international outsourcing or international sub-contracting is a cost-effective way of manufacturing goods.
Correct answer is : 15.96%
EAR = [1 + (.149 / 12)]12 - 1 = 15.96%
<span>$11,320 with its interest rate over the year will be $13659.84. If Francine paid $436 each month for a year he would have paid off $5232 in a year. His debt balance would still be remanding at $8427.84. Francine will have paid off a large amount of his payment plan with the company however he will still be required to spend 18 months or so to pay back what he owes as there was a a 20.67% interest sum added to his payment plan with the company.</span>
Answer:
$225,000
Explanation:
Computation for Ivory Corporation's 2019 deduction for the above amounts.
In a situation where a Corporation uses the accrual method such Corporation cannot in any way claim a deduction for an accrual with respect to a related party reason been that the recipient have to reports the amount as income.
Therefore Ivory Corporation cannot deduct the $25,000 bonus which was attributable to Oscar because Oscar is the related party until the year 2018.
Ivory Corporation should go ahead and deduct in 2017 the salary payments which is been made to each shareholder plus the accrued bonus to Craig, or $225,000
Salary of $100,000 + Salary of $100,000 + $25,000 bonus
$225,000
