Answer:
(d) Straight-line method (SL), the same convention as used in the first year of depreciation, ADS recovery period
Explanation:
The straight line method is the best to use, the convention to be used is the same as what was used in the first year of depreciation and the recovery period in 2019 is the ADS recovery period.
To decrease annual deduction, it is standardized that ADL is used with straight line method with 31 plus years for a recovery period that is longer.
Answer:
Organiational behaviour looks at the individual behaviour, then moves to group behaviour, progressively to the organization behaviour, which you can also call the organization culture. It requires skills to understand how the organization and its members affect each other. Areas include frameworks for diagnosing and resolving problems in organizational settings. Human behaviour, call it individual behaviour is a sub-set of organization behaviour.
The duration of Security P based on the info given will be 11 years.
<h3>How to calculate the time?</h3>
From the information given, Security P is a preferred stock and Security Z is a zero coupon bond that has 11 years remaining until maturity.
Therefore, the duration will be:
= (1 + y)/y
= (1 + 0.1)/0.1
= 1.1/0.1
= 11 years
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Answer:
1. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.
Explanation:
The journal entry is shown below:
Note payable A/c Dr $7,238
Interest expense A/c Dr $7,000
To Cash A/c $14,238
(Being the first payment on the note is recorded)
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $100,000 × 7%
= $7,000
And, the remaining balance left is reported in the note payable account
Answer:
the self employment tax on 92.35% of your net income as self employed by 15.3% = $193,800 x 92.35% = $178,974.30
Miranda will pay social security (OASDI) taxes for the first $137,700 = $137,700 x 6.2% x 2 = $17,074.80
Her Medicare taxes will be calculated using $178,974.30 x 1.45% x 2 = $5,190.25
total self employment taxes = $17,074.80 + $5,190.25 = $22,265.05
Miranda can deduct 50% of her self employment taxes from her AGI = $22,265 x 50% = $11,132.50 ≈ $11,133
