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Ilana Industries, Inc., needs a new lathe. It can buy a new high-speed lathe for $1 million. The lathe will cost $35,000 per year to run, but will save the firm $125,000 in labor costs, and will be useful for 10 years. Suppose that for tax purposes, the lathe will be depreciated on a straight-line basis over its 10-year life to a salvage value of $100,000. The actual market value of the lathe at that time also will be $100,000. The discount rate is 8%, and the corporate tax rate is 35%. What is the NPV of buying the new lathe?
Saving in Running expenses $90,000 ($125,000 , 35,000)Add: Saving in Tax at 35% NIL Net Saving per year$90,000
Contrast the differences between a stock dividend and a stock split
Blue Corporation acquired new office furniture on August15, 2008, for $150,000. Blue did not elect immediate expensingunder 179. Determine Blue's cost recovery for 2008.
harrelson company manufactures pizza sauce through two production departments cooking and canning. in each process
What did you learn about an entity's expenditure cycle? How many components are part of this cycle? What did you learn in your audit of Apollo's expenditure cycle? Did you not any errors or findings? If yes, how do you think these errors or findin..
blue ridge marketing inc. manufactures two products a and b. presently the company uses a single plantwide factory
Wendy owns 20% of the common stock of Britton Company. During the current year, Britton reported a taxable income of $90,000 and paid $40,000 in cash dividends. What are the income tax effects for Wendy of her investment in Britton Company if Brit..
a. Prepare journal entries for Virginia and Stateside to record the sales/purchases during 2010. b. Prepare the consolidation entries that should be made at the end of 2010. c. Prepare any 2011consolidation worksheet entries that would be required re..
Jane, Jon, and Clyde incorporate their respective businesses and form Starling Corporation. On March 1 of the current year, Jane exchanges her property (basis of $50,000 and value of $150,000) for 150 shares in Starling Corporation.
provide financing instead of the commission committing revenues specifically to the project
brown cow dairy uses the aging approach to estimate bad debt expense. the balance of each account receivable is aged on
Research ethics and professionalism in accounting and auditing and current emerging issues. Ex. Of magazines that will have articles related to ethics and professionalism are (1) CPA- Accounting Journal, (2) CFE - Fraud Magazine, (3) IIA - IA Aud..
steve pratt who is single purchased a home in spokane washington for 347500. he moved into the home on february 1 of
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