Answer:
$10,500
Explanation:
The computation of depreciation expense using the straight line method is seen below;
= [Original cost - Residual value] ÷ Useful life
= [$160,000 - $20,000] ÷ 10 years
= [$140,000] ÷ 10 years
= $14,000
Using straight line method, the depreciation value is the same for the remaining useful life.
Also, from April 1 to 31 December(9 months), the depreciation expense would be;
= $14,000 × 9/12
= $10,500
Therefore, the amount to be recorded as depreciation expense at December 31, 2015 is $10,500
1. <u>Proportional taxation</u> applies where the same tax rate is used no matter the level of income.
2. A <u>progressive tax structure</u> uses higher tax rates with increases in the tax base.
3. A <u>regressive tax structure</u> applies lower tax rates despite increases in the tax base.
<h3>The differences between the tax structures</h3>
The implication of the above explanations is that a progressive tax system takes a larger percentage of income from high-income groups than from low-income groups. A proportional tax system takes the same percentage of income from all income groups, while a regressive tax structure operates from the opposite angle, taking a larger percentage of income from low-income groups than from high-income groups.
Thus, one of these three tax structures may be prevalent in some countries of the world.
Learn more about the progressive, proportional, and regressive tax structures here: brainly.com/question/13701600
Answer:
$6,250
Explanation:
Cost of machine = $114,800
Salvage value = $14,800
Life of machine = 4 years
Depreciable cost = Cost - Salvage value
= $114,800 - $14,800
= $100,000
Date of purchase = October 1, 2020
Assets used for period in 2020 = 3 months
Annual depreciation:
= Depreciable cost ÷ life of assets
= $100,000 ÷ 4
= $25,000
Depreciation expense for 2020:
= Annual depreciation × (3 ÷ 12)
= 25,000 × (3 ÷ 12)
= $6,250
Answer:
The kind of survey that would best serve the purpose described in the question is the Naturalistic Observation Method using e-tailing sites. E-tailing refers to electronic retailing.
Explanation:
Assume the product is a product to be used in the kitchen such as a hybrid cooker, we could set up an electronic observatory which allows us to see what customers in their natural elements are looking for when making a buy or no buy decision.
Their user accounts which already contains some biodata provides ones with relevant details useful for demographic analysis.
Naturalistic observation, in this case, would entail checking to see
- whether they read reviews before purchasing the product
- the keywords they use whilst searching for similar products
- what their preference//reaction to different kinds of pricing strategies are amongst other traits.
This method is very apt because it allows the researcher to do the observation electronically without necessary invading the privacy of the "respondent".
It is very suitable, more so, because Oman is an Islamic state which is somewhat conservative.
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