Answer:
b. $214,890
Explanation:
book value of the equipment
= Cost - Accumulated Depreciation
= $2,900,000*(1- 0.3333- 0.4445- 0.1481)
= $214,890
Therefore, The book value of the equipment at the end of the project is $214,890.
Answer:
Explanation:
The journal entry is shown below:
On March 1, 2017:
Cash A/c Dr $257,740 ($263,000 × 98%)
Discount on issue of bonds A/c $5,260 ($263,000 × 2%)
To Bonds payable A/c $263,000
(Being the sale of bonds is recorded)
While recording the sale of bonds we debited the cash account and the discount on issue of bonds and credited the bonds payable account
Answer:
1. True
2. False
Explanation:
1. It is true that Partnerships generally have a tax advantage over corporations because Partnerships never really pay taxes since profits and losses are passed on to their owners since they share profits and losses, these partners then incorporate these profits in their personal income tax.
Secondly Partnerships avoid the double taxation because corporations are taxed and their owners (shareholders) are taxed when they earn dividends.
Thirdly, in corporations losses are not passed on to their shareholders to reduce their tax payable but that is a benefit in partnerships.
2. It is false that Corporations are generally less highly regulated than proprietorships because proprietorships are non required by law to publish their statement of affairs but quoted companies are mandated by law to do so. Corporate governance and audits are mandatory for corporations but not for proprietors
[T/F] 2. Corporations are generally less highly regulated than proprietorships. [T/F]
Answer: (A) Assisted intelligence
Explanation:
Assisted intelligence is refers to the process in which does not required any type of specialized data for performing the various types of tasks in an organization.
The assisted intelligence is also known as the artificial intelligence.
According to the question, the turbine manufacturing using the artificial intelligence for automate the various types of basic tasks and the employees are performing the high quality assurances and high finishing quality tasks.
Therefore, Option (A) is correct.