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3 years ago

A depreciation method that allocates depreciation of a plant asset based on the Tax Act of 1989 is the _____ method.

Business

1 answer:

pishuonlain [190]3 years ago

7 0

Answer: MACRS

Explanation:

This is the Modified Accelerated Cost Recovery System of Depreciation (MACRS) that is modified as per the Tax bill of 1989. There is no salvage value in this method. Both straight line method of depreciation and accelerated method of depreciation is used under MACRS.

Assumptions are taken such as half year, mid year or mid month when the assets are disposed. Assets classes are given which shows the number of years of depreciation for particular assets.

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On January 1, 2021, for $17.9 million, Seashells Company issued 8% bonds, dated January 1, 2021, with a face amount of $19.9 mil

bearhunter [10]

Answer:

Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

Explanation:

According to the scenario, computation of the given data are as follows,

Face value = $19.9 million

Issued bond rate = 8% annually or 4% semi annual

So, Cash = $19,900,000 × 4%

= $796,000

Issued bonds value = $17.9 million

Market yield = 10% annual or 5% semi annual

So, Interest revenue = $17,900,000 × 5%

= $895,000

So, Journal entries are as follows,

Jun.30,2021 Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

(Being interest revenue on June30 is recorded)

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3 years ago

Delhoyo Corporation, a manufacturing company, has provided data concerning its operations for September. The beginning balance i

sergeinik [125]

Answer:

$65,000

Explanation:

Computation of the given data are as follows:

Direct material cost = Beginning balance + Purchase - Ending balance

Where, Beginning balance = $37,000

Purchase = $57,000

Ending balance = $29,000

So, by putting the value in the formula, we get

Direct material cost = $37,000 + $57,000 - $29,000

= $65,000

3 0

3 years ago

Federal express has a(n) ________________ in logistics and customer service, since these are activities it does especially well

andrezito [222]

The answer to this question is that federal express has a core competence. Core competence is the main strenghts or advantages of a business or the company in order for them to become competitive in the market. The concept of Core competency was introduced by Gary Hamel and Prahalad. Core competency is what the business or company can do to their customers and their expertise that is unique that can be valued by the customers.

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3 years ago

Explain how you would maintain up-to-date knowledge about personal finances and career opportunities in order to achieve your iS

puteri [66]

Answer:

я не знаю

Explanation:

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6 0

3 years ago

Read 2 more answers

Explain What an organization High- uncertainty is

Korolek [52]

In a country with a high uncertainty avoidance majority of people have an increased level of anxiety about uncertainty and ambiguity

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3 years ago