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3 years ago

Eliminating double-taxation would likely:________.

Business

1 answer:

ludmilkaskok [199]3 years ago

3 0

Answer:

a. raise saving and primarily benefit people with lower incomes.

Explanation:

Double taxation may be defined as the tax system where the tax is levied twice on the income. It is the tax principle refers to tax income that is paid twice on same source of income. It pronounced a negative economic impact, mainly on the wages. Thus eliminating the system of double taxation would ensure more savings and it will people with lower wages or incomes.

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The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It

grin007 [14]

Answer:

There are several question

Explanation:

You do not provide the equipment adquisition value.

I will help you with this incomplete question, by giving you the procedure to reach the answers of your problem:

The information about concerts is not useful to determinate the straight-line depreciation, so you will ignore that part, on striaght-line you must focus on the espected life of the long-term asset, the adquisition value and the salvage value.

For depreciation expense for year 1.

You will do (adquisition value - salvage value ($2,000)) /4 years

The first part means, the ammount from which the band purchase the equipment, less the ammount they can sell it at the end of his useful life. This will be the ammount subject to depreciation.

Last part will be to divide this by the useful life in year.

Book value at the moment of revision will be:

book value = adquisition value - acumulated depreciation

Were the acumulated depreciation will be sum of the depreciation expense over the years. In this case we only have 1 depreciation so it will be

acumulated depreciation: dep expense year 1

Remaining depreciable cost at year 1 will be:

amount subject to depreciation - acumulated depreciation

remember that amount subject to depreciation will be:

adquisition value - salvage value

and the acumulated depreciation is the sum of the depreication of each year.

For depreciation expense for year 2

Then you will do (adquisition value - salvage value) / 3 years

Because the expected life decrease this value will be higher than year 1

7 0

3 years ago

Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1st. Givens Brick Company signs a $600,000, 8%, 9-mon

NeTakaya

Answer:

The journal entry for the issuance and the proceeds of the note is shown below:

Explanation:

Cash A/c.........................Dr $600,000

Notes Payable A/c......Cr $600,000

The givens company received a amount of $600,000 from the bank, so cash is increasing and increase in cash is debited. Therefore, the cash account is debited. Whereas, the cash against a note payable, which increases the liability and any increase in liability is credited. Therefore, notes payable is credited.

7 0

3 years ago

When seeking a recommendation before awarding a contract, what type of information is least likely to be needed from an applican

leva [86]

Answer:

Answer is option D, i.e. Information on credit worthiness.

Explanation:

When any organization enters into a contract with an applicant, it often asks for recommendations before awarding that contract to the applicant. This recommendations is asked to assess about the skills, the abilities that the applicant possess, the integrity and the character of the applicant. This is to assess that whether the applicant is fit and worthy enough to be awarded the contract. Thus, credit worthiness is not accounted for while going through the recommendations. Therefore, the answer is option D.

8 0

3 years ago

List two career pathways from the health science cluster?

Black_prince [1.1K]

biotechnology research and support services

6 0

3 years ago

Read 2 more answers

Hillary can invest her family savings in two assets: riskless treasury bills or a risky vacation home real estate project on an

galina1969 [7]

Answer:

The expected return on her portfolio is B) 11.8%