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Assoli18 [71]
3 years ago
7

On January 1, 2016, ABC Corporation purchased Equipment C for $72,000. Equipment C is expected to have a useful life of 8 years,

and a salvage value of $2,400. Assume that ABC uses the straight-line method of depreciation for Equipment C. A Prepare the journal entry to record depreciation on the equipment for 2016. (5)
Business
1 answer:
Black_prince [1.1K]3 years ago
3 0

Answer:

Debit : Depreciation $8,700

Credit : Accumulated Depreciation $8,700

Explanation:

the journal entry to record depreciation on the equipment for 2016.

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Inga Ingerton's assets price = $35,000, ; Assessed fee = 40% = 0.forty, ; mill levy rate = 83, ; Inga's annual tax on belongings = $14,000 x zero.083.

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The costs observe in taxable profits—adjusted gross income minus both the usual deduction or allowable itemized deductions. profits as much as the same old deduction (or itemized deductions) is for that reason taxed at a 0 price. Federal profits tax quotes are progressive: As taxable income will increase, it's far taxed at better fees.

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1 year ago
Transfer payments alter household income, but they do not reflect the economy's production.
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2 years ago
U.s. firms that produce sophisticated military hardware are prohibited from exporting that equipment to "unfriendly" governments
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3 years ago
The price of the stock at the beginning of 2018 was $56.81 and you sold the stock at $68.14 at the end of the year. What is the
Airida [17]

Question Completion:

The total dividends paid is $1,743,400 and the outstanding shares are 1,300,000.

Answer:

a. The dividend per share = $1.34

b. The dividend yield = 1.97%

c. The capital gain = $11.33

d. The total percentage return = 22.3%.

Explanation:

a) Data and Calculations:

Dividends paid = $1,743,400

Outstanding shares = 1,300,000

Dividends per share = $1.34 ($1,743,400/1,300,000)

Dividend yield = Dividend per share/Stock price

= $1.34/$68.14 = 1.97%

Capital gain = $11.33 ($68.14 - $56.81)

Total return = $12.67 ($11.33 + $1.34)

Total percentage return = Total return/Beginning Stock Price * 100

= $12.67/$56.81 * 100

= 22.3%

5 0
3 years ago
Which of the following is the defining feature of a progressive income tax system? Choose one: A. The marginal tax rate is const
ELEN [110]

Answer: Option B

   

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