Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
An extract of the asset register of Alpha Pty Ltd ('Alpha') for the 2012-13 income year is as follows:
Asset
Cost
Opening Adjustable Value
Method
Effective Life
Decline in Closing
Value for Adjustable
This Period Value
Desktop Computer
1,350
Diminishing Value
3 years
450 900
Furniture
5,000
3,000
Prime Cost
10 years
500 2,500
Filing Cabinets
1,200
1,080
120 960
1
All depreciable assets are for 100% business use and Alpha uses a low-value pool for all eligible assets. The closing value of the low-value pool at 30 June 2013 was $5,300. Alpha purchased a printer on S June 2014 for $700.
Advise Alpha of the income tax consequences arising out of the above information for the 2013-14 income year.
What's the result of your research and prepare tax file memoranda to explain you research results.
Develop a department budget. The accounting department has supplied you with the following projected information about how this year, 20XX, will end up for your department's spending.
What recommendation will you make to Mary in order for her to be able to withdraw the $100,000 without future tax consequences?
Evaluate the NPV for this project. Should it be undertaken -The owner's cost of capital is based on the subsequent:
Suppose the county has incurred $800,000 of construction costs on the project by end of its fiscal year (June 30,2005), the fund balance of the capital projects fund used to account for this project could be?
Explain how the business should account for the $5,000 expenditure under the cash basis and the accrual basis.
What internal controls could you recommend that would enable the resort's managers to avoid such offenses and categorize the controls that you just identified above as either preventive, detective, or corrective controls.
Determine the marginal tax rate and the effective tax rate for each of the C corporations and describe why marginal tax rate for a C corporation can exceed 35%, but effective tax rate cannot.
Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold
Describe the rules that apply to each property transaction
Describe and contrast the deficits projected under the baseline and alternative fiscal scenario and the implications of the projections based on the CBO report.
lnez transfers property with a tax basis of $200 and a reasonable market value of $300 to a corporation in exchange for stock with a fair market value of $ 250 in a transaction that qualifies for deferral under section 351.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd