Answer:
2500
Explanation:
First depreciate for 6 years using regular method: (Cost - Salvage Value)/Initial Useful life
(50,000-10,000)/8 = 5000 <- this is annual depreciation
For 6 years, $30,000 accumulated depreciation
Now to calculate change in useful life, you do (Cost - Accumulated Depreciation - Salvage Value)/Remaining Useful life
Remaining Useful life = 10-6 = 4
(50,000-30,000-10,000)/4 = 2500
Answer:
The largest tax deduction = $8,874 mileage method
Explanation:
mileage method = 15300*0.58 =$8,874
Actual Expense = $5,540 + 765 + 3,095 +165 +240 + 1000 = $10,805
business use % = 15300/(15300+5100)
= 15300/20400 = 0.75
Actual expense = $10,805 * 0.75 = $8,103.75
If the interest expense on loan for the Van is considered as an expense for profit and loss section in calculating Net income then
ACTUAL EXPENSE = $10,805 - $1000 = $9,805 * 0.75= $7,353.75
nonetheless Mileage method gives the largest deduction
Answer:
a. 464 beans
b. $464
Explanation:
a. The computation of the economic order quantity is shown below:
= 
where,
Annual demand = 200 days × 77 pounds = 15,400
And, all other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= 
= 464 beans
The average inventory would equal to
= Economic order quantity ÷ 2
= 464 units ÷ 2
= 232 units
b. Holding cost = average inventory × carrying cost per unit
= 232 units × $2
= $464
Answer:
The correct answer is letter "E": the government makes collusion illegal with antitrust laws because monopolies reduce economic efficiency.
Explanation:
Antitrust laws regulate competition between companies. To protect consumers from price manipulation and unfair competition by making sure trade remains unrestrained. When businesses conspire to turn competition to their favor, they violate antitrust laws.
Those regulations prohibit business practices such us <em>monopolies </em>since those types of organizations take control over a certain market, making almost impossible the entry of competitors and consumers have fewer choices and higher prices.
Answer:
$15,000
Explanation:
Realized gain is the profit that is exceeded from the expense for a particular years. Realized loss is the loss that resulted from the excessive expense.
To determine the net realizable gain or loss, we can use the following formula -
Realizable Gain (loss) = Sale amount of tangible assets + mortgage purchasing - purchase price
Given,
Sale amount of tangible assets = $30,000
purchase price = $85,000
mortgage purchasing = $70,000
Putting the value into the formula, we can get-
Realizable Gain (loss) = $30,000 - $70,000 - $85,000
Therefore, Realizable Gain (loss) = $15,000
