What is the net income for tax purposes

Assignment Help Business Management
Reference no: EM132859777

A company's net income for financial statement purposes is 30,0000 included this amount are the following 40,000 gain from the sale of class 8 equipment for 60,000 that had an original cost of 330,000 and a net book value of 20,000, amortization expense of 25,000 and client entertainment expenses of 13,000. The undepreciated capital loss (UCC) of class 8 at the beginning of the year was 8,000. The capital cost allowance CCA computed on all other depreciable assets was 7,500 what is the net income for tax purposes?

Reference no: EM132859777

Questions Cloud

Compute the company new break-even point in dollars : Compute the company's new break-even point in dollars for the company as a whole and the new margin of safety in both dollars and percentage of sales
Explain negotiation and auction bidding service : The client payed the initial fee, the negotiation and auction bidding service and the auction attendance fee.
Cyber-physical systems-security perspective : Read the article titled "Cyber-Physical Systems: A Security Perspective" .
How changes have affected corporations : Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on internal controls
What is the net income for tax purposes : The capital cost allowance CCA computed on all other depreciable assets was 7,500 what is the net income for tax purposes?
Firm founders before making funding decision : What questions can be asked to the firm's founders before making funding decision? What answers would satisfy?
How has internship solidified or changed career focus : How can you (or other interns) utilize this experience when re-entering the classroom or workplace? How has this internship solidified or changed your career
Compare qualitative data vs quantitative data : Discuss Qualitative Methodology. Compare and contrast qualitative data vs quantitative data.
List of each learning objective : List of each Learning Objective and discuss the extent to which the objective was met as well as the tasks you did to accomplish the objective.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd