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Question - For tax purpose, the company changes (1) depreciation method for building ($100,000,000) from double-declining to straight, and (2) salvage value from $25,000,000 to $868,800. Tax rate is 20% for all years. Balances in the deferred tax asset and deferred tax liability accounts at January 1, 2021, were $3,500,000, and $270,000 (1,350,000*20%). Espenses include $1,625,061 for life insurance on key executives. What is the journal entry for the above transaction?
What is the future value of $1000 in fifteen years at an interest rate of nine percent?
What is your annualized holding period return (annual percentage rate)? Round the answers to two decimal places in percentage form.
Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations.
What is Deep Value's beta coefficient? Enter your answer rounded to two decimal places. For example, if your answer is 12.345 then enter as 12.35
the cost of capital for a firm can vary from the cost of capital for each of its businesses. when a firm has multiple
Which statement is incorrect concerning revaluation of property, plant and equipment? When an item of property, plant and equipment is revalued
For each of the payment system procedures listed, explain whether or not additional procedures should be implemented to improve the internal control
Distinguish among the three types of activities reported in the statement of cash flows. What are the major sources (inflows) of cash in a statement of cash flows? What are the major uses (outflows) of cash in a statement of cash flows?
If the company uses the double-declining balance method, What the depreciation expense at the end of the second year will be
To the nearest dollar, 2018 net cash flows from operating activities is closest to? investing activities is closest to? and financing activities is closest to?
The time-weighted rate of return on your investment during 2020 is 20%. Determine X, as well as your dollar-weighted interest rate
Zapato Company produces two types of boots: vaquero and vaquera. Calculate the activity rates that would be used to assign costs to each product
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