Answer:
(B) increase; appreciate.
Explanation:
A large increase in the income level in the U.S. along with no growth in Mexico’s income level is normally expected to cause (assuming no change in interest rates or other factors) a(n) INCREASE in U.S. demand for Mexico’s goods, and the Mexican peso should APPRECIATE.
Because the large increase in the income level in the U.S will result to an increase in U.S demand. And consequently, the Mexican peso would appreciate. Appreciation, in general terms, is an increase in the value of an asset over time and one of reasons this increase can occur is increased demand.
Answer:
It will deduct up to 5,600 with any method as it cannot deduct above her current taxable income.
The rest of the cost will be aplpied into subsequent tax periods.
Explanation:
The S179 deduction can only be done up to a taxaable income of zero
Therefore, as McKenzie taxable income is $5,600 it will deduct as much as that. Leaving the rest of the depreciation for further years.
212,000 - 5.600 = 206.400
Answer:
Civic organizations, school groups, and church groups are key target markets for McKenzie Roller Rink. Parties with over ten people would be considered a group. It is our intent to create a wholesome family atmosphere and so there will be an effort to encourage families to consider skating as a recreational option.
Answer:
$251,000
Explanation:
The computation of the total book value of the firm's assets is shown below:
= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital
= $189,000 + $56,000 - $49,000 + $36,600 + $18,400
= $251,000
We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come