An asset with a cost of $100,000 and accumulated depreciation of $80,000 is sold for $8000. What is the amount of the gain or loss on disposal of the plant asse
Q: The scatter chart below displays the residuals verses the dependent variable, t. Which of the…
A: The Scatter chart represents the relationship between two variables.
Q: 9. (blank) is a secret agreement between two or more institutions to achieve (blank) among the…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: A decision-maker faces a lottery that gives her a final wealth of 1 dollar with probability 1/4, 3…
A: Given Outcomes of the lottery g are $1, $3, and $8 with a probability of 1/4, 1/2, and 1/4…
Q: QUESTION 8 (a) Are goods X and Y substitutes or complements? Explain. (b) Is the demand for good X…
A: Introduction Substitute goods are two alertenative goods that could be used for the same purpose.…
Q: B. Suppose that the economy is characterized by the following behavioral equations: • C=240 +0.75 Yd…
A: Here we are given various components of goods market: consumption , investment and government…
Q: A consumer has preferences over 3 goods represented by the utility function u(x1, x2,…
A: u = (x1x2 )0.5 - 2-x3 MUx1 = 0.5 (x2 / x1 )0.5 MUx2 = 0.5 (x1 / x2 )0.5 MUx3 = Ln2 It is given…
Q: Tony has just graduated from college and has now applied for a full time position where he is…
A: An individual is included in the labor force if he is having a job or he is actively looking for it…
Q: How to save towards purchasing a home
A: Savings are amount of money that remain after subtracting a person's consumer spending from their…
Q: Suppose a firm has the following production function Q (K, L) =K0.5 L0.4. Show mathematically…
A: Return to scale tells us how has our output increased if we have increased our inputs in certain…
Q: What are economic benefits of using biodegradable plates? Explain..?
A: Sustainable development is a getting sorted out the standard for meeting human improvement…
Q: the supply curve is given Qs= P and the demand curve is given by Qd = P QD = 12 -. 5P Q and…
A: Monopoly market In a monopoly market, a company is the only vendor of a good with no viable…
Q: Is this a positive economic statement: The 2022 FIFA World Cup is scheduled to be the 22nd running…
A: Positive economic statements are not based on opinions and judgment; rather these are objective and…
Q: The United States and Canada have the production possibilities curves shown above. It is determined…
A: Production possibility curve It is a curve that displays different combinations of the quantities…
Q: Price (dollars per CD-RI Po Do Di Qo Q₁ Quantity (CD-Rs per week) Write an example of your choice…
A: Here we are given the market of CD-R. Where we have the demand for CD-R and the supply of CD-R. And…
Q: A consumer of two goods has indirect utility v(p, w) = √w -1/2 P1 + P2 (a) Find the indirect…
A: Given v(p,w)=wp1-1/2+p2-1/2 ......(1) In the first subpart, we have to calculate the indirect…
Q: am not sure what the supply curve is? Can you help me draw the diagram or explain the supply curve
A: Introduction In a market with a monopoly, there is only one firm present, and there is no…
Q: Price (dollars per CD-R 2 Do Qo Q₁ Quantity (CD-Rs per week) Write an example of your choice that…
A: Write an example of your choice that would fit to the figure above.
Q: In Italy, firms pay tax on reported profits at a constant proportionate rate t€ (0,1). If the firm's…
A: Probability of audit = p Probability of no audit = (1- p) Tax without audit Reported = tr Tax…
Q: Distinguish between a stock and a flow of renewable resource.
A: Renewable resources are resources that can be used again and again. Even after being consumed by the…
Q: A decision-maker with initial wealth w> 0 is choosing how many tickets to buy for a raffle. Tickets…
A: Price of a ticket = 1 Number of tickets bought = y such that y ( 0 to w ) Income = w Reward…
Q: A measure of the importance of trade is: A. Trade as a percentage of employment rate. B. The dollar…
A: GDP It is a monetary indicator of the market worth of each country's manufactured or sold (not…
Q: Consider the following table for Spain and France in which output for grapes and textiles are output…
A: Absolute advantage is the ability of the country to produce larger quantity of the good than the…
Q: Another term for deflation is Select the correct answer below: inverse inflation O negative…
A: Deflation refers to the general decrease in prices of goods and services.
Q: The number of people classified as employed is 325,000 and the number of people in the labor force…
A: The labor force is a group of people who are qualified to be employed in the economy and also…
Q: Please answer questions 2, 3 & 4 Please: 2. Provide academically supported example(s) in your…
A: Introduction Any financial organisation is badly impacted by exchange rates, particularly if it has…
Q: A monopolist book publisher with a constant marginal cost of 2 and no fixed costs sells novels in…
A: Given The marginal cost of a book =2 Fixed cost =0. The inverse demand for books in country 1 is…
Q: Create a graph for the aggregate expenditures (AE) model in Excel using the data from Table 1: A…
A: A country with a closed, private economy prohibits foreign economies from affecting domestic…
Q: A farmer can produce 10,000 pears (X) on his one-acre farmland, and when he uses the same land for…
A: Given With one acre of farmland, the farmer can produce either 10,000 pears or 5000 apples, or a…
Q: When the price of a good is lowered from £350 to £200 the quantity demanded increases from 600 to…
A: Demand changes in response to changes in other economic factors, such as price or income, and this…
Q: QUESTION 1 Consider the market for fast food. Suppose the demand for fast food is given by QD=6-P…
A: Introduction Market equilibrium is determined when the quantity demanded of a commodity becomes…
Q: A young engineer is considering to built a 1 unit apartment near a commercial center. Because of the…
A: a good investment is one that is appropriate to a financial backer's monetary objective, has an…
Q: When the economy is expected to enter into a recession, a BB rated bond would A be…
A: When an economy enters a recession, there is an increased likelihood of corporate defaults. In a…
Q: ompute the missing positive differential value * Reference Value 100 80 41 Positive Differential…
A: Positive Differentiation Value refers to the monetary value that an opportunity creates for the…
Q: Q1. The graph below is an example of "P.O.W. Camp." Which of the following statements is(are) FALSE?…
A: The indifference curve represents the set of bundles that give the same satisfaction or utility. A…
Q: Which of the ff. will shift the demand curve for beef to the right? A. Widely publicized study that…
A:
Q: Carefully explain what is happening in the following market. Indicate the impact if any on demand,…
A: 1. Here, it is given that the University mandates the purchase of principles of economics by all the…
Q: If the effective annual interest rate is 9% per year and inflation is 3.8% per year what is the true…
A:
Q: Banks often use the Apportion Method to authorize the borrower to pay a contractor for completion of…
A: Apportion technique is otherwise called closely resembling assessing, utilizes verifiable…
Q: Problem #5: A UK lottery prize pays £5000 at the end of the first year, £6000 at the end of the…
A: Present value is the value of investment in today's dollar. Annuity is the equivalent uniform…
Q: Suppose that good 1 is normal and good 2 is inferior. Prove that the total effect on demand for good…
A: Inferior goods are those goods that have a negative relation with income. When income increases then…
Q: On the example of your interst precisely explain circular market flow including factor market and…
A: There are basically three kind of market which are goods and service market, factors market and…
Q: s Dr. Gonzalez drinks five beers, his total utility rises from 5 to 45 when he drinks one beer. His…
A: Marginal utility is the utility gained by consuming one extra unit of a good. Given Dr. Gonzalez's…
Q: i. Draw a circular-flow diagram and Identify the parts of the model that correspond to the flow of…
A: Disclaimer: - Since you asked multipart question, we are solving the first 3 subparts as per…
Q: 5. Consider a weather forecaster who is paid based on her performance. Each day, she forecasts the…
A: Probability of Rain = p Probability of no rain = (1 - p ) The forecast is 'q' Bonus if it rains…
Q: The consumer price index (CPI) is not used to convert nominal GDP to real GDP because
A: CPI is the most broadly watched and utilized proportion of the U.S. inflation rate. It is…
Q: 2. Now assume that CC Inc. is hiring Marie as a consultant to computerize its office operations.…
A: Utility is a gauge of how contented a person feels after consuming certain goods. To put it another…
Q: Suppose you borrowed $10, 000 at an interest rate of 12% compounded monthly over 48 months. At the…
A: Loan amount (P)=$10,000 Rate of interest =12% compounded monthly This loan is a fixed payment loan…
Q: in class, we looked at the CV and EV associated with changes in prices. The same measures can be…
A: Given Expenditure function: ep,u=up1-1+p2-1 ........(1) The expenditure function gives…
Q: A. Suppose that the economy is characterized by the following behavioral equations: • • C = 160+ 0.6…
A: Government spending is the sum of money used by the government to finance the purchase of products…
Q: Assume a competitive firm faces a market price of $120, a cost curve of: and a marginal cost of:…
A: In case of Perfect Competition, there are large number of firms producing similar products. An…
An asset with a cost of $100,000 and accumulated
What is the amount of the gain or loss on disposal of the plant asset?
Step by step
Solved in 2 steps
- How does tax depreciation affect income taxes?Machine that cost $150,000 and on which $120,000 of accumulated depreciation has beenrecorded was disposed of for $30,000 cash. Calculate the gain or loss.Compute the interest paid on a 4-year lease for a $27,671 car if the annual rate of depreciation is 12% and the lease's annual interest rate is 4.3%.
- A tractor costs $24,680, has an expected life of 12 years, and has a salvage value of $2,600. Use straight-line depreciation to find the yearly depreciation. Make a depreciation schedule for the first three years' depreciation. Complete the table. Year Depreciation 1 $ 2 3 $ $ Accumulated depreciation $ $ $ End-of-year book value $ $You must evaluate the purchase of a spectrometer for the R&D department. The base price is $140,000, and it would cost another $30,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 4 year class and would be sold after 4 years for $60,000. The applicable depreciation rates are 33%, 45%, 15% and 7%. The equipment would require an $8000 increase in net operating working capital. The project would have no effect on revenues, but it should save the firm $50,000 per year before-tax labour costs. The firm's marginal federal-plus state tax rate is 40%. QUESTION:W Whatare the project's annual cash flows in Years 1, 2,3 and 4?Explain how the cost basis of depreciable property is determined.
- Does the recognition of depreciation expense affect cash flows? Why or why not?An asset costs $150,000 and has a salvage value of $15,000 after 10 years.What is the depreciation charge for the 4th year, and what is the book value atthe end of the 8th year with(a)Straight-line depreciation?(b)Double declining balance depreciation?How are the Depreciation expenses calculated?
- Equipment costing $20,000 that is a MACRS 5-year property isdisposed of during the second year for $15,000. Calculate anydepreciation recapture, ordinary losses, or capital gains associatedwith disposal of the equipment.date period In Santa Barbara, the sales tax is 7.55%. What would be the final cost of a surfboard if it was being sold for $1,200 ?Write note on why depreciation is important in Economic analysis