On january 2, 2018, tobias company began using straight-line depreciation for a certain class of assets. in the past, the company had used double-declining-balance depreciation for these assets. as of january 2, 2018, the amount of the change in accumulated depreciation is $40,000. the appropriate tax rate is 40%. the separately reported change in 2018 earnings is a. an increase of $24,000. b. an increase of $40,000. c. a decrease of $40,000.

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.

Look at this section of the 1040ez form. will this individual receive a refund? yes no