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mezya [45]
3 years ago
13

Beerbo purchased a machine on July 1, 2021 for $28,000. Beerbo also paid $200 in title fees; $125 in taxes; $500 in delivery cha

rges; and $475 in installation costs. The machine has an estimated useful life of 6 years and a salvage value of $3,000. What is the total cost that is debited to the MACHINE account
Business
1 answer:
Dahasolnce [82]3 years ago
8 0

Answer:

$29,100

Explanation:

The cost of an asset which needs to be capitalised is the sum of all costs needed to make the asset usable, it includes purchase price, taxes, installation costs etc.

According to given question following balances will be capitalised in the MACHINE account.

Price                      $28,000

Title fee                 $125

Taxes                     $500

Delivery charges  <u>$475      </u>

Total cost              <u>$29,100</u>

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United States exports soybean oil to China. However, to protect the Chinese soybean oil market, Chinese government has high tari
solniwko [45]

Answer:

United States can set up plants in China to avoid high tariffs

8 0
3 years ago
Calculate how much you would have in 25 years if you saved $3,000 a year at an annual rate of 9 percent with the company contrib
BaLLatris [955]

Answer:

the amount have in 25 years is $317,628

Explanation:

The computation of the amount have in 25 years is shown below:

PMT = Payment saved per year

= $3,000 + $750

= $3,750.00

N = Periods of payment = 25 years

R = Rate = 9%

Now the formula is

FV = (PMT × ((1 + R)^N-1) ÷ (R)  

= $3,750 × ((1 + 9%)^25-1) ÷ (9%)

= $317,628

Hence, the amount have in 25 years is $317,628

8 0
3 years ago
You are aware that your neighbor trades stocks based on confidential information he overhears at his workplace. This information
Margaret [11]

Answer:

Semi-strong Form Efficient.

Explanation:

There are three levels of market efficiency as weak, semi-strong and strong.

In a semi-strong form efficient market, the stock prices change independently of the previous return points and the current information so it is not possible to predict the future stock prices.

The example given in the question, which states that the neighbor has non-public information, can be classified as a semi-strong form efficient market.

I hope this answer helps.

6 0
3 years ago
Suppose the government introduces tax incentives to increase private household saving. What would be the effect on net capital o
Reptile [31]

Answer:

Mama thu thu thu thu thu thu

Explanation:

Hi

6 0
3 years ago
Thomas purchased 200 shares of stock A for ​$23 a share and sold them more than a year later for $ 19 per share. Be purchased 60
Delicious77 [7]

Answer:

Capital gain tax = $1,540.

Explanation:

As per the data given in the question,

For stocks of A  

Profit = (selling price - purchasing price) × units

= ($19 - $23) × 200

= -$800

For stocks of B  

Profit = ($57-$41) × 600

= $9,600

Total profit = profit for stock A + profit for stock B  

= -$800 + $9,600

= $8,800

Therefore, capital gain for both year = $8,800

Tax rate = 35%

Capital gain tax = Capital gain × Tax rate

= $8,800 × 35%

=$3,080

As share holds for more than a year,

So, Capital gain tax = $3,080 ÷ 2 = $1,540.

5 0
3 years ago
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