1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
When are winner-take-all markets good for consumers?
kotykmax [81]
When the value of technology utility and network externality benefits exceeds monopoly Costs.



4 0
2 years ago
If the annual growth rate in Real GDP is 4 percent, then it will take 25 years for the economy to double in size.
AVprozaik [17]

Answer:

False

Explanation:

The growth of 4% for 25 years would nominally signify a 100% increase and you might think that the economy has double its size. But you must take into account that’s this is a compound growth then the economy would reach the double of its size before 25 years.  

Think that he initial size of the economy is 10 and it grows 4% then an annual growth will be 10,4 now the compound grow is adding up 0,4 to the initial size of 10. Then you recalculate a growth of 4% for the second year this means 10.816 grow.  

If you notice the extra 0.016 increase for the second year is the effect of calculating the 4% increase based on the previous size 10 plus 0.4.

5 0
3 years ago
State any five reasons why an entrepreneur may carryout Market survey.​
swat32

Answer:

to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it, I cant really think of anymore

Explanation:

6 0
3 years ago
Read 2 more answers
Why do I have to pay
Alex Ar [27]

Answer:

Pay for what?

Explanation:

Most things require you to pay a fee.

4 0
3 years ago
Read 2 more answers
Monica heard that as a general rule, she should spend no more than one week's pay on rent. If Monica's salary is $42,068 per yea
BlackZzzverrR [31]
The answer is $809. There are 52 weeks in a year, so $42,068/52 = $809.
8 0
3 years ago
Read 2 more answers
Other questions:
  • Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA:a. Must ha
    7·1 answer
  • Frontier Airlines hedged the cost of jet fuel by purchasing options that allowed the airline to buy fuel at a fixed price for 2
    9·1 answer
  • The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units
    8·2 answers
  • On June 2, 2018, Fred’s TV Sales sold Mark a large HD TV on account for $12,000. Fred’s TV Sales uses the accrual method. In 201
    15·2 answers
  • Giant Equipment Ltd. Is considering two projects to invest next year. Both projects have the same start-up costs. Project A will
    11·1 answer
  • Operating income and tax rates for C.J. Company’s first three years of operations were as
    8·1 answer
  • The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves
    10·1 answer
  • IBM issues bonds with a sinking fund provision that the company can call 7% of the bonds at par value or the company can buy the
    11·1 answer
  • Below, you are provided with four groups of different goods. These goods are differentiated by the number of likely substitutes
    15·1 answer
  • If your employer offers a retirement plan, it should be the first plan that you consider because your employer
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!