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Question - A production equipment at a cost of $500,000 has been purchased by a contract manufacturing company to meet the specific needs of customer that had awarded a 4-year contract with the possibility of extending the contract for another 4 years. The company plans to use the MACRS depreciation method for this equipment as a 7-year property for tax purposes. The income tax rate for the company is 39%, and it expects to have an after-tax rate of return of 12% for all its investments. The equipment generated an annual income of $100,000 for the first four years. The customer decided not to renew the contract after 4 years. Consequently, the company decided to sell the equipment for $180,000 at the end of 4 years. Determine if the company obtained the expected after-tax rate of return on this investment. Use the short-cut method.
a mine is purchased for 4000000 there will be a salvage value of 300000 when the land is restored after mining is
use the following information which describes the possible outcomes from investing in a particular asset to answer the
Question - Explain the accounting principles and requirements (IFRS 3) for Accounting for Business Combinations
Indicate the appropriate account titles, if any, affected in each of the preceding events. Consider what is received and what is given. At what amount would you record the truck in (b)? The land in (i)? What measurement principle are you applying?
There is a 20% probability that the silver will only be worth P500,000. What is the maximum Express would be willing to spend to develop the mine
The information in the table is from the statement of cash flows for a company at four different points in time (A, B, C, and D). Negative values are presented in parentheses.
GGP had gross revenue from sales in 2016 of $2,300,000. What is GGP's taxable income for 2016? Does GGP's have an NOL carryforward to 2017
Determine the Essentials of Federal Income Taxation, prepare the joint income tax return of Frank and Sandra Anderson Use Form 1040
alexis is a cpa employed by a national accounting firm. althoughshe usually commutes daily to the downtown office on
If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension
Suggestion regarding Credit limit. Should it be approved or not, what should be the amount of credit limit that electronics give to Booth Plastics.
The bonds are dated January 1, 2010, and mature January 1, 2015. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method.
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