The nantell corporation just purchased an expensive piece of equipment. assume that the firm planned to depreciate the equipment over 5 years on a straight-line basis, but congress then passed a provision that requires the company to depreciate the equipment on a straight-line basis over 7 years. other things held constant, which of the following will occur as a result of this congressional action
a) nantell's taxable income will be lower
b) nantell's operating income (ebit) will increase
c) nantell's cash position will improve (increase)
d) nantell's reported net income for the year will be lower
e) nantell's tax liability for the year will be lower
Answers: 3
Business, 22.06.2019 20:00, mooneyhope24
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
Business, 22.06.2019 20:20, wavymoney77yt
Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?
Answers: 1
Business, 22.06.2019 22:00, tannercarr3441
As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm. b. implicit costs. c. operating costs. d. fixed costs.
Answers: 2
The nantell corporation just purchased an expensive piece of equipment. assume that the firm planned...
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