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horrorfan [7]
2 years ago
14

Equipment that was purchased for $900,000 has a current book value of $450,000. Assume a capital gains tax rate of 28%. Compute

the net tax payment or savings if you sell the equipment for $636,400.
Business
1 answer:
natita [175]2 years ago
7 0

Answer:

there is an increase in taxes of $52,192

Explanation:

The computation of the net payment or saving is shown below:

Given that

Book value = $450,000

Sale value = $636,400

since the sales value is more than the book value so here the capital profit is there

Therefore capital profit would be

= $636,400 - $450,000

= $186,400

Now tax would be

= $186,400 × 28%

= $52,192

So there is an increase in taxes of $52,192

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A milestone is a typical measuring point used when establishing cost control. Which of the following DOES NOT accurately describ
KiRa [710]

Answer:

d. Milestones are developed during risk planning.

Explanation:

A milestone is a typical measuring point used when establishing cost control. Which of the following does NOT accurately describes the use of cost control milestones?Select one:a. Project managers and sponsors often decide the number of milestones jointly.b. Milestones are often identified in the project charter.c. Project managers can use their cash flow projections to determine the funding needed to reach each milestone.d. Milestones are developed during risk planning.

<u>ANSWER</u>

It is not correct that milestones are developed during risk planning but rather they are developed during Project budgeting where the deliverables are identified in terms of the cost to achieve them. Truly as stated in the scenario's options, Project managers can use their cash flow projections to determine the funding needed to reach each milestone. It is in the project planning phase that these milestones are established by Project managers and sponsors jointly.

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Answer:

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2 years ago
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Describe at least two advantages a large company has over a smaller company. (1-4 sentences.
STatiana [176]

A larger company can benefit from <em>economies of scale</em>, meaning they can get discounts by purchasing and producing in bulk which a smaller company wouldn't have the ability to do. A larger store also has the potential for higher revenue because they have more goods and services to sell.

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3 years ago
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Shawna had a beginning balance in her checking account of $123.32. she wrote check #2341 for $23.77. she deposited two checks to
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Answer: $449.53

When Shawna wrote a check for $23.77, the same amount was deducted from her bank account, decreasing her balance to $99.55.  When she deposited two checks totaling $349.98, the amount was added, making her new balance increased to $449.53.


5 0
3 years ago
Accord Company purchased land for​ $100,000 by making a cash payment of​ $30,000 and promising to pay the remaining amount in a
Volgvan

Answer:

Assets and liabilities both will increase by $70,000.

Explanation:

Given data provided

Purchase land = $100,000

Cash payment = $30,000

The computation of net effect is shown below:-

= Purchase land - Cash payment

= $100,000 - $30,000

= $70,000

Therefore, for computing the net effect we simply deduct cash payment from purchase land. So, Assets and liabilities both will increase by $70,000.

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