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You are the accountant for the Millenium Corporation. Last year the company purchased a $2,500,000 coporate jet to be used for executive travel. To help offset the cost of the airplane, your company occasionally rents the jet to the executives of two other corporations when it is not in use by Millenium.
When the coporate tax return was filed this year, you began depreciating the jet by using MACRS. Today you received a letter from the IRS informing you that because your company occasionally rents the airplane to others, it is considered a commercial aircraft and must be depreciated as such. The corporate lawyers are considering disputing this IRS ruling and have asked you the following questions:
a.) How much depreciation did you claim this year?
b.) Under the new category, how much depreciation would be claim?
c.) If the company pays 30% income tax, what effect will this change have on the amount of tax owed, assuming the company made a net profit this year?
Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest. Suppose that interest rates on 1-year CD deposits in U.S. banks
In 1971, Congress conducted headings on emergency loan guarantee legislation for Lockheed Corporation, which was in the middle of a severe liquidity crisis due to losses on a number of military contracts.
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
Have you been personally involved in the making of a decision for a business concerning what, how, or for whom? If yes, Elucidate your rationale for making such decisions.
In late June the Fed lowered its federal funds rate target from 1.25 percent to 1 percent. However between mid June and early August the yield on longer term 10 year Treasury notes rose from 3.1% to over 4.3%.
supply curve is applicable to a nation's economy. Create appropriate diagrams to assist in answering the following questions:
Devise a program to increase the level of organizational learning. 2. In what specific ways can you promote the level of learning at all levels? Making the Connection # 12 Find an example of an organization that has been using information technolo..
Your company is considering an investment project that will generate after-tax cash flows of $1,000 per year for the next three years (and then be scrapped, with no salvage value).
They produce fewer pounds of choice meat per carcass. More than a third of the animal is ground up into buffalo burger, meat too lean to make good patties.
Immigration is a major topic of concern in today's economy. What are the possible problems and solutions for these concerns? What could happen to the U.S. labor markets if immigration is not controlled?
Assume a friend tells you that her Economics instructor made two seemingly contradictory statements to the class. The statements were 1.
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
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