Business, 12.04.2021 23:00 diametriagay
Canada TranCanada Tran jet costs $ 28 comma 000 comma 000$28,000,000 and is expected to fly 200 comma 000 comma 000200,000,000 miles during its 88-year life. Residual value is expected to be zero because the plane was used when acquired. If the plane travels 26 comma 000 comma 00026,000,000 miles the first year, how much depreciation should Canada TranCanada Tran record under the units-of-production method? (Round the depreciation per unit to two decimal places.)
A.
$ 3 comma 640 comma 000$3,640,000
B.
$ 7 comma 000 comma 000$7,000,000
C.
$ 3 comma 500 comma 000$3,500,000
D.
Cannot be determined from the data given
Answers: 2
Business, 22.06.2019 07:30
Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions
Answers: 3
Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
Business, 22.06.2019 22:40
In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.
Answers: 1
Canada TranCanada Tran jet costs $ 28 comma 000 comma 000$28,000,000 and is expected to fly 200 comm...
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