Business, 24.10.2019 20:43, teddylove2643
Ayres services acquired an asset for $80 million in 2018. the asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). for tax purposes the asset’s cost is depreciated by macrs. the enacted tax rate is 40%. amounts for pretax accounting income, depreciation, and taxable income in 2018, 2019, 2020, and 2021 are as follows: ($ in millions) 2018 2019 2020 2021 pretax accounting income $ 330 $ 350 $ 365 $ 400 depreciation on the income statement 20 20 20 20 depreciation on the tax return (25 ) (33 ) (15 ) (7 ) taxable income $ 325 $ 337 $ 370 $ 413 required: determine (a) the temporary book–tax difference for the depreciable asset and (b) the balance to be reported in the deferred tax liability account. (leave no cell blank, enter "0" wherever applicable. show all amounts as positive amounts. enter your answers in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.
Answers: 3
Business, 22.06.2019 20:30, TVASALLO31
The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.
Answers: 3
Business, 23.06.2019 07:00, angelb2472
To manage your money, you should -create a financial plan -organize your financial documents -spend wisely -create a budget -manage your risks -spend more than you make -learn about services offered at your bank
Answers: 3
Ayres services acquired an asset for $80 million in 2018. the asset is depreciated for financial rep...
Mathematics, 04.08.2019 03:00