Answer:
Units of production method: $76,820
Explanation:
The three most common depreciation methods are: straight line, double-declining, and units of production. We will calculate the depreciation expense for each.
Straight line method:
Depreciable amount= cost - residual value
= 240,000 - 40,000
= 200,000
Depreciation by year = depreciable amount / years of useful life
= 200,000 / 8
= 25,000
Double declining method
Depreciation per year = depreciable amount x (2 / useful life in years)
= 200,000 x (2 / 8)
= 50,000
Units of production method
Depreciation per unit = depreciable amount / hours of operation
= 200,000 / 12,000
= 16.7
Total depreciation = depreciation per unit x actual units of operation
= 16.7 x 2,400 + 2,200
= 16.7 x 4,600
= 76.820
Therefore, the units of production method results in the highest depreciation expense among the three.
All cheques are bills but all bills are not cheque.
This is correct statement because both cheque and bill are piece of paper which displays money which is to be paid to someone.
A bill is a document which is drawn on any person and there is no name on the bill whereas cheque is a document which is drawn on the payee name only.
Both of these are documents which are used to pay the amount to someone.
A cheque can be drawn payable on demand while bill is drawn on expiry of certain period.
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Hmmm not sure exactly what you are asking the wording is strange but this seems to be showing Racism towards blacks.
Answer:
Beaver's total taxable income and federal income text paid as result of distribution is $500,000 and $105,000 respectively.
Explanation:
The computation of the taxable income and the federal income is shown below:
Taxable income = Taxable income + loss
= $500,000 + $0
= $500,000
Since the fair value is $20,000 is less than the mortgage on land i.e $25,000 so it would be a loss of $5,000 which would not be considered so we put the value zero.
And, the federal income equal to
= Taxable income × income tax rate
= $500,000 × 21%
= $105,000