Answer:
Landing cost = 56.49 dollars per barrel.
Explanation:
Buying Cost of oil barrel = 1,800 Rubles, which is equal to 27.50 USD per barrel.
Shipping Cost = 20 Krones, which is equal to 2.35 USD per barrel.
Refining Cost = 20 Euros, which is equal to 22.82 USD per barrel.
Transportation Cost = 200 Philippine peso, which is equal to 3.82 USD per barrel.
Therefore, to find landing cost of the above mentioned transaction = 27.50 + 2.35 + 22.82 + 3.82 = 56.49 USD per barrel.
<u>"Limited liability companies" </u>are companies that are similar to s corporations but are not restricted with similar eligibility requirements.
A limited liability company is a corporate structure whereby the individuals from the organization are not actually obligated for the organization's obligations or liabilities. Limited liability companies are half and half elements that join the attributes of an enterprise and an association or sole proprietorship. While the constrained risk include is like that of an enterprise, the accessibility of move through tax assessment to the individuals from a LLC is a component of organizations.
Answer:
Particulars Amount
Purchase price of equipment $79,400
Less: Depreciation expenses <u>$39,700</u>
Value of equipment <u>$39,700</u>
Particulars Amount
Sales price of equipment $31,200
Value of equipment <u>$39,700</u>
Section 1231 Ordinary loss -<u>$8,500</u>