If someone believe that is never ethical to eat meat, they believe that right or wrong is defined by personal belief/prejudice
They didn't use god and religion as their right and wrong guidebook, and they also don't use concrete facts as for why is it wrong for human to eat animal unless "because they also have feelings" argument
Answer:
a. What is the book value of the equipment?
b. If Jones sells the equipment today for $184,000 and its tax rate is 35%, what is the after-tax cash flow from selling it?
- ($184,000 - $86,976) x (1 - 35%) = $97,024 x 65% = $63,065.60
c. Just before it is about to sell the equipment, Jones receives a new order. It can take the new order if it keeps the old equipment. Is there a cost to taking the order and if so, what is it?
- the cost to taking the new order is the opportunity cost of selling the equipment, which is $63,065.60.
Explanation:
MACRS depreciation rate:
Year % Depreciation expense Carrying value
1 20% $60,400 $241,600
2 32% $96,640 $144,960
3 19.20% $57,984 $86,976
4 11.52% $34,790.40 $52,185.60
5 11.52% $34,790.40 $17,395.20
6 5.76% $17,395.20 $0
Answer:
a. they are separate performance obligations
normal price of annual membership = $1,140
one yer enrollment in yoga = $600 x (30% - 10%) = $120 x 50% = $60
total $1,200
% of price allocated to:
annual membership = ($1,140 / $1,200) x $1,100 = $1,045
discount voucher = $1,100 - $1,045 = $55
b. the journal entry should be
Dr Cash 1,100
Cr Unearned revenue, membership fees 1,045
Cr Unearned revenue, discount voucher 55
