Noncurrent Operating Asset Depreciation is a procedure used in accounting to reflect declining asset values on the balance sheet.
A tangible item's cost can be spread out over the period of its useful life using the accounting approach of depreciation. Depreciation indicates how much of an asset's worth has been expended. It makes it possible for companies to buy assets over a predetermined period of time and profit from those assets. The immediate cost of ownership is greatly lowered because businesses do not have to fully account for them in the year the assets are purchased. A company's profits can be significantly impacted by not accounting for depreciation. Long-term assets can also be depreciated by businesses for tax and accounting reasons.
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Answer:
The present value of the loan = $38,000 * 0.7473 = $28,397.4
Explanation:
the annuity factor will not be used for the loan since the loan is not being withdrawn annually and the repayment is not also on annually basis. To get the present value of the loan, the loan will be discounted.
Answer: a. $35000
b. $20000
c. $20000
Explanation:
a. The realized gain will be:
= Fair market value - Adjusted basis
= $55000 - $20000
= $35000
b. The basis for LLC Interest will be will be thesame as the adjusted basis which will be $20000
c. The LLC basis for the contributed property will be $20000 as it's the cost of the adjusted basis .
=
When making decisions about what safety systems should be required in cars or airplanes, the Environmental Protection Agency will only approve rules where the estimated cost per life saved is $3 million or less.
<h3>What is Environmental Protection Agency?</h3>
Environmental protection issues are handled by the Environmental Protection Agency, an autonomous executive agency of the US federal government.
Main function of Environmental Protection Agency are-
- The Environmental Protection Agency develops and implements environmental legislation, funds and conducts research, and guards against serious health threats to people and the environment.
- Pollution prevention, commonly referred to as "source reduction".
- Risk assessment and risk reduction, which entails determining the problems that represent the biggest threats to the environment and human health and then taking steps to mitigate those threats.
- Science, Research, and Technology, which entails work to create cutting-edge technologies to address environmental issues.
- Regulatory Development, which entails creating guidelines for industrial facilities' operations, such as guidelines for effluent discharge under the authority of the Clean Water Act and guidelines for air emissions of pollutants under the authority of the Clean Air Act; and
- Environmental Education, which entails creating environmental awareness campaigns.
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Answer:
The correct answer is A
Explanation:
A variance which is favorable, although have a positive sign for any company could not be ignored completely as ti could be a consequence of compromising on the quality of service of the customer being provided which could affect the company in the long run. So, it is very vital to keep a check on the favorable as well as on the unfavorable variances.
So, Management should investigate the $2 million favorable variance in order to ensure the cost savings which should not reflect on the customer service.