Answer:
E. The aftertax salvage value is $81,707.76.
Explanation:
The computation is shown below:
Accumulated depreciation is
= $287,000 × ( .2 + .32 + .192 + .1152)
= $237.406.40
Now the book value is
= Purchase value - accumulated depreciation
= $287,000 - $237,406.40
= $49,593.60
And, the selling value is $99,000
So after tax salvage value is
= Salvage value - (Salvage value - book value) × tax rate
= $99,000 - ($99,000 - $49,593.60) × 35%
= $81,707.76.
Answer:
Specifically perform the contract
Explanation:
When a contract is made and one of the parties does not perform his own part. During a dispute the court will first ask the erring party to perform their duties in the contract.
In this scenario Terry was to supply 18 th century artifacts to Martha for the play she was directing, and Martha was ready to pay $50,000 for this. Another director needed the same artifacts and was ready to pay $60,000. Terry decided not to sell the artifacts to Martha.
Terry has breached his contract with Martha, and will now be compelled to sell the painting to Martha at $50,000.
Answer:
1. a. Newspaper advertising
2. b. Headhunters
Explanation:
1. Newspaper advertising is the best source to hire as its a big number of positions and fill the vacancies according to the requirement of an organization.
2. Headhunters may be defined as it is the process of recruitment where a high-level position is fulfilled instead of entry-level. Headhunters are not appropriate to hire for entry-level positions.
Answer:
Acquisition price for 30% share $3,000,000
($36,000 / $120,000 * 100)
Add: Net income $180,000
($600,000 * 30%)
Less: dividend ($108,000)
($360,000 * 30%)
Less: excess depreciation <u>-($45,000)</u>
($1,200,000 / 8 yrs*30%)
Investment reported in Balance <u>$3,027,000</u>
Sheet 2018
