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2 years ago

What role does ethics play when choosing and applying a depreciation method?

Business

1 answer:

timama [110]2 years ago

5 0

Answer:

The role that ethics plays in choosing a depreciation method is to implement the method that best suits the needs of the organization that requires it, to clearly and accurately carry out all the required accounting movements.

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brown's, a local bakery, is worried about increased costs particularly energy. last year's records can provide a fairly good

Marina86 [1]

Answer:

Increase in the production of energy means that the energy was saved

Labor productivity also increased

Explanation:

Change in energy producton

Previous Year: (1,500x12)/3,000

=18,000/3,000

=6.0 loaves per unit

Current Year: (1500*12)/2,750

=18,000/2,750

=6.55 loaves per unit

The above calculation indicates a positive change in energy production. This means that there was some degree of energy saving.

Change in labor

Previous Year: (1500x12)/350

=18,000/350

= 51.43 loaves/labor hour

This Year: (1500x12)/325

= 18,000/325

= 55.38 loaves/labor hour

This calculation also signifies an increase in labor productivity.

Change in Investment

Previous Year: (1500x12)/15000

=18,000/15,000

= 1.2 loaves/$ investment

This Year : (1500x12)/18000

=18,000/18,000

= 1.0 loaves/$ investment

Investment is lowered which is a positive sign.

4 0

2 years ago

The most competitively effective and very likely most profitable long-term approach to reduce or eliminate the impact of paying

bekas [8.4K]

Answer:

build and equip a production facility in Europe-Africa and then expand it as may be needed to supply all (or at least most) of the pairs the company intends to try to sell in Europe- Africa

Explanation:

In order to have effective competition and profitable for the long term approach for decreasing or removing the effect of tariff that would be paid on pairs is that to establish the production facility so that it would get expanded and the same is to be sell in Europe-Africa

Therefore the above represents the answer

3 0

2 years ago

Cindy's current year adjusted gross income (AGI) is $300,000 and her current year total tax liability is $60,000. Her immediate

Crazy boy [7]

Answer:

The answer is $44,000

Explanation:

Solution

Given that

Now

Present/current year AGI = $300000

Present /current year tax liability = $60000

Prior year AGI = $200000

Prior year tax liability = $40000

Thus

As per Tax rule or applying the Tax rule

If Adjusted gross income(AGI) of prior year is below $250000 then the minimum required tax payment in the current year in order to avoid interest penalty is lower of

(1) 90% of present /current year tax (liability) or

(2) 110% of prior year tax liability

Because the prior year AGI is $200000 which is lower than $250000, in order to avoid interest penalty, the minimum required payment amount of tax liability in current/present year is lower of

(1) 90% of current year tax liability of $60000

Then

$60000 *90% = $54000

(2)110% of prior year tax liability of $40000

$40000 ×110% = $44000

Hence, minimum required total tax payment amount for the current year is $44,000

5 0

2 years ago

Garcon Inc. manufactures electronic products, with two operating divisions, Consumer and Commercial. Condensed divisional income

leonid [27]

Answer:

1.Since there is spare capacity in the consumer division, the acceptable transfer prices are variable cost per unit - market price per unit

i.e. $104-$150

The transfer price should be set in between the two. However, $150 is an appropriate price

2. Income will increase as follows:

Consumer Division = (115-104)*2880 = $31,680

Commercial Division = (150-115)*2880 = $100,800

Company = $132,480

3) check the attached file

4.Income will increase as follows:

Consumer Division = (126-104)*2880 = $63,360

Commercial Division = (150-126)*2880 = $69,120

Company = $132,480

Explanation:

check attached files for explanation well detailed.

7 0

2 years ago

The earned income credit: a.Must be calculated on earned income as well as adjusted gross income in some cases. b.Is available o

melomori [17]

Answer:

Option A: Must be calculated on earned income as well as adjusted gross income in some cases

Explanation:

Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.

Earned income are simply wages, self-employment income, and eligible disability pay.

The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.

7 0

2 years ago

What role does ethics play when choosing and applying a depreciation method?​

What role does ethics play when choosing and applying a depreciation method?