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During its current tax year (year one), a pharmaceutical company purchased a mixing tank that had a fair market price of $120,000. it replaced an older, smaller mixing tank that had a BV of $15,000. Because a special promotion was underway, the old tank was used as a trade-in for the new one, and the cash price (including delivery and installation) was set at $99,500. The MACRS class life for the new mixing tank is 9.5 years. (7.4,7.3)
a) Under the GDS, what is the depreciation deduction in year three?
b) Under the GDS, what is the BV at the end of year four?
why do keynesian economists believe market forces do not automatically adjust for unemployment and inflation? what is
Describe the welfare costs of a monopoly and discuss the regulator organizations that monitor anti-trust in America. Name these organizations and their functions.
The two major trading partners of the United States are
suppose you are employed at a large global high-tech company that has offices worldwide in such places as tokyo london
Do firms earn accounting profit under perfect competition Do firms earn economic profit Viewing yourself as a firm, would you say that most of your career choices will be made in a competitive market Explain.
Why may the amount of fertilizer Farmer Jones puts on the corn fields not affect the corn price or Jones' neighbour’s profits? But if Cadillac offers a new fuel "economic V-8" how come Lexus, BMW, Mercedes, Infinity, and Acura are affected?
Suppose the inverse demand curve has the following formula: p = $7 – 0.01Q. There are two firms. The cost function for the first firm is TC = 1 Q and for the second firm TC = 2Q. If the two firms were to combine, what Q would they produce in each div..
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Explain how inflation affects consumption in a cash in advance model (with transfers). What causes this to happen and explain how a government collects revenue via seigniorage
The dynamic laws of demand and supply tell us that: Excess demand leads to a tendency of prices to fall or decrease.
r.e.c. inc.s staff of accountants finished preparing the financial statements for 2010 and will meet next week with the
a) Explain what happens to observed prices in posted offer and double auction markets when there at least two sellers. b) Explain what happens in these two markets as the number of sellers drops to only one seller.c) explain how part
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