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Question - In August, 2017 Jimbo Corporation (a calendar-year corporation) purchased used computer equipment for $865,000, the only assets Jimbo purchased this year. Jimbo Corporation used a 21 percent tax rate and a discount rate of 6 percent for evaluation. Assuming Jimbo elected to expense $510,000 under Section 179, what was the after-tax cost of the computers? If Jimbo purchased the computer equipment in 2019 and elected to expense the entire $865,000 under Section 179, what is the after-tax cost of the computers?
What are some differences one might expect among stakeholder expectations for a non-profit organization versus a for-profit business? Do you think non-profit managers have to pay more attention to stakeholders than do for-profit managers?
Larkspur, Inc. reported the following in its 2017 and 2016 income statements. Determine the company's gross profit rate and profit margin for both years
in 2012 the sales revenue was 100 cost of goods sold 60 depreciation 15 and net income 12. 1112 balances on current
Indri runs a soil-testing business. He decides to form a company to take over the business. He is the sole shareholder and sole director. Indri sells his business to the company at an inflated price and lends the company $90,000 to help meet the c..
King and Gomez are in an automobile repair business. Prepare the necessary journal entries to record the admission of Harrison in each situations
The main objective of this study was to investigate the factors that contribute to high staff turnover in the cleaning services industry.
What are the balances for the land, goodwill, investment in common shares of Au Inc., liabilities, common shares, and revenues
Why is QuickBooks a better option than a manual accounting process when it comes to dealing with vendors and customers
Kestral's accountant mistakenly assumed considerable influence and used the equity method instead of the cost method. What is the impact on the investment account and net earnings, respectively?
The Nunnally Company has equal amounts of low-risk, and high-risk projects. Nunnally estimates that is overall WACC is 12%. The CFO believes that this is the correct WACC for the company's average-risk projects
Sven Enterprises is a large producer of gourmet pet food. Compute the material price and quantity variances
a man needed money to buy lawn equipment. he borrowed 800.00 for five months and paid 53.95 in interest. what was the
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