Answer:
Edward can deduct his $7,000 loss from his adjusted gross income (AGI). Partnerships are investments that you make regardless of whether you work for them or not. One of the key characteristics of partnerships is that they are not taxed as separate entities, they pass-through their income or losses to the partners.
Answer:
Depreciation= $250
Explanation:
Giving the following information:
Purchasing price= $6,000
Useful life= 4 years
Depreciation= straight-line
First, we need to calculate the annual depreciation:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= 6,000/4= 1,500
Now, the depreciation for two months:
Depreciation= (1,500/12)*2
Depreciation= $250
Answer:
Intructions are listed below.
Explanation:
Giving the following information:
Kant Miss Company is promising its investors that it will double their money every 3 years.
A) According to the rule of 70, an investment will duplicate in X number of years using the following formula:
N= 70/ interest rate
In this exercise:
3=70/i
i=70/3= 23.33%
B) If this is a good deal or not will depend on the interest rate and risk that you are willing to accept.
C) To find how many years it will take to reach to $26000 we need to use the following formula:
n=[ln(FV/PV)]/ln(1+r)
ln= natural logarithm
FV= Final value
PV= present value
r= interest rate
n=[ln(26000/300)]/ln(1+0,23333)
n= 21,55 years.
Answer:
cannot understand this launguage
Explanation:
so please send it in English so I could answer