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%.
- 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?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 $ $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.Write note on why depreciation is important in Economic analysisdate 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 ?