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Schach [20]
3 years ago
7

A small business sold an equipment for $30,000 after depreciating the equipment using the MACRS depreciation method. The applica

ble federal tax rate for the company is 39%. The federal tax liability on this depreciation recapture is $10,200 if the company also had other taxable income of $200,000 in that year.
a. True
b. False
Business
1 answer:
egoroff_w [7]3 years ago
6 0
Answer::::: is false
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Having which trait will enable you to deal with people in a way that does not offend them?
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You are a contracting officer responsible for source selection for a negotiated competitive services acquisition. The estimated
AfilCa [17]

Question Completion with options:

a. Past performance information provided directly by the offeror should not be relied upon.

b. The past performance evaluation satisfies the responsibility determination required under FAR subpart 9.1.

c. Evaluations should take into account past performance information regarding predecessor companies.

d. Offerors with demonstrated past performance that is neither relevant nor recent must not be removed from further consideration for award.

Answer:

The statement that is true regarding the evaluation of the past performance is:

c. Evaluations should take into account past performance information regarding predecessor companies.

Explanation:

It has been established that past performance is the best indicator of future performance.  Past performance can predict future performance, behavior, and success.  Organizations that achieve some good performance in the past build the required confidence, which will help them to forge ahead in the present and future.  This is why in selecting companies for a negotiated competitive services acquisition, even the past performance of predecessor companies should be reviewed to get a better handle on the company's ability to deliver on the projects.

6 0
3 years ago
3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $23,000 cash; (b)
-Dominant- [34]

Answer: (a)Dr: Cash $23,000, Cr : Machine $23,000, (b) Dr : Cash $92,000, Cr : Machine $92,000, (c) Dr: insurer $33,500, Cr: Machine $33,500

Explanation:

(a) The journal entry will be

Dr: Cash $23,000

Cr : Machine(Asset) $23,000

(b) The journal entry will be

Dr: Cash $92,000

Cr: Machine (Asset) $92,000

(c) The journal entry will be

Dr: insurer $33,500

Cr Machine( Asset ) $33,500

4 0
3 years ago
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Which type of credit card carries the most risk?. . A. Secured with fixed interest rate. . B.Secured with variable interest rate
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The type of credit card that carries the most risk depends you are an individual or an institution. For an individual it is much riskier with letter B, secured with variable interest rate. For an institution it is much riskier with letter D, unsecured with variable interest rate
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3 years ago
Below is the production possibilities frontier for Japan. It shows that Japan is able to produce either 80 bottles of milk or 50
Stells [14]

Answer and Explanation:

The computation of the number of bottle of milk will the country at the end of the exchange is shown below:

The Number of milk bottles Japan is presently producing is 60 bottles

The Number of milk bottles  Japan trades with another country is  30 bottles

So,  

The Number of Milk bottles left with Japan after doing an exchange is

= 60 - 30

= 30 bottles

Also,

The Number of egg cartons Japan is presently producing is 12

The Number of egg cartons Japan trades with another country is 30

So,  

Number of eggs cartons left with Japan after considering an exchange is

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