Answer:
Explanation:
the file attached shows the solution to the three questions asked i hope it helps. thank you
Answer:
The cash outflow against property tax is $ 1,630,000
Explanation:
The cash outflow against property tax payment in 2019 can be calculated as a balancing figure as follows:
Opening Property tax payable Jan 2019 $ 940,000 (a)
add: New tax charged during 2019 $ 790,000 (b)
less: Tax paid during 2019 (Balancing figure) $<u> 1,630,000 (d)</u>
Closing balance Dec 2019 $ <u> 100,000 </u> (c)
Formula: a+b-c =d
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Answer:
Annual depreciation= $4,000
Explanation:
Giving the following information:
The cost of the machine was $29,000. Its estimated residual value was $9,000 at the end of estimated 5-year life.
<u>To calculate the depreciation expense, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (29,000 - 9,000)/5
Annual depreciation= $4,000
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Skill set-</span><span>the knowledge, experience, and abilities brought to a job or task
</span>mission statement-<span>a summary statement of the philosophy, view, and approach of a company
</span>curriculum vitae-a summary of academic and professional accomplishments; generally longer and more involved than a traditional resume
