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For telecommunication services, Telenor has developed new computer units and 3D modeling software for its 100 affiliate site at a cost of Rs.4000 per site. The estimated SV for each system after 3 years is expected to be 5% of the initial cost. The franchise manager in the head office in Karachi wants to compare the depreciation for a 3 - year MACRS model (tax depreciation) with that a 3-year DDB model (book depreciation). He is especially curious about the depreciation over next 2 years.
Question (a) Determine which model offers the larger total depreciation after 2 years.
Question (b) Determine the BV for each model after 2 years and at the end of the recovery period.
Discuss in your group the issues relating to independence and expertise of the audit committee. Confirm corporate audit requirements
If the company has $5 million per day in collections and $3 million per day in disbursements, how many dollars will the cash management system free up
Transactions for the Hartman Company for the month of November are presented below. Journalize each transaction and identify each transaction by number
Prepare the first two years of an amortization table using the straight-line method. calculate the straight-line discount amortization.
The Simpson Company sells toasters for $50 each. What expense should the company report in Year Two in connection with this warranty
Round Table Rental Yards provides construction equipment, trailers, crutches, etc. on short term rentals.
Prepare the journal entries to record revenues and disbursements if the city treats the program as an enterprise fund.
you have decided to purchase a car. you have found a clean used car that will cost you 8500. you can finance your
Charlotte also purchased $100,000 of furniture on 1/1/2014 but did not elect bonus depreciation or 179 expenses. Determine Charlotte's taxable income
Summarize the sources and objectives of modern income tax statutes. Compare and contrast GAAP and tax accounting. Explain why they are different.
acocunting question purchased merchandise on account list price is 30000 trade discount 40 fob destination 210 n30.the
Include the definition of the scheme and a summary of real world example of a company or individuals who used this scheme. Include the article or website of your example in your post.
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