Chapter 08 Business Income‚ Deductions‚ and Accounting Methods SOLUTION MANUAL Discussion Questions 1. [LO 1] What is an “ordinary and necessary” business expenditure? “Ordinary” and “necessary” imply that an expense must be customary and helpful‚ respectively. Because these terms are subjective‚ the tests are ambiguous. However‚ ordinary is interpreted by the courts as including expenses which may be unusual for a specific taxpayer (but not for that type of business) and necessary is
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MECH 8250 – Building Systems Module 1 - Heating Load Calculations Module 1 Heating Load Calculations The amount of heat is required for the building heating system to maintain a balance of the building heat loss. The amount of heat and moisture are gained from the building internal and external heat sources that is required to be removed by the building cooling system. Both heating and cooling loads form the basis in designing the HVAC systems for the building and occupied spaces to achieve both
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How to Calculate Preferred Dividends Preferred stock (or preference shares) is a special class of stock that pays a fixed dividend set at the time of issuance. Also‚ preferred dividends must be paid before common stock dividends. To calculate the dividends for preferred stocks‚ you need to multiply the par value of the shares by the dividend percentage. Example 1: If the dividend percentage is 8 percent and the preferred stock was issued at $20 per share‚ then the annual dividend is: 8% * $20 =
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Use of Accelerated Depreciation Methods Allows Shifting of Income The past two decades of tax law have created more opportunities than ever for business owners to defer tax amounts. Today‚ it is common practice for businesses to rely on accelerated depreciation to help lessen the burden of taxes imposed on corporate profits‚ and also shift their income to ethically maximize financial growth. For the purpose of accounting‚ accelerated depreciation intends to reflect how much of the corporation’s
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Ch.24 1 In the calculation of the CPI‚ sweaters are given greater weight than jeans if a. the price of sweaters is higher than the price of jeans. b. it costs more to produce sweaters than it costs to produce jeans. c. sweaters are more readily available than jeans are to the typical consumer. d. consumers buy more sweaters than jeans. ANS: D 2 In computing the consumer price index‚ a base year is chosen. Which of the following statements about the base year is correct? a. The base year is always
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Acid-Base Calculations The Ion-Product Constant for Water‚ Kw Water undergoes ionization to a small extent: H20(l) H+(aq) + OH–(aq) The equilibrium constant for the reaction is the ion-product constant for water Kw: (1) This is a key equation in acid-base chemistry. Note that the product of [H+] and [OH–] is a constant at a given temperature (Eq(1) value is for 25oC). Thus as the hydrogen ion concentration of a solution increases‚ the hydroxide ion concentration decreases
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Calorie Calculation Exercises 1. A serving of two cookies has 150 kcal and 12 grams of fat. What percentage of total calories is fat? 1) Divide fat calories by the total kilocalories 2) Fat = 9kcal/g 3) 12g x 9kcal/g = 108kcal/g 4) 108kcal / 150kcal = .72 5) .72 x 100 = 72% total calories from fat 2. How many grams of protein are in a 2400kcal diet with 15% of total kcal from protein? 1) Grams / total kcal = total percentage of kcal from protein 2) Protein
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BORED PILE ANALYSIS Site ID : Tower Owner: PT. INDOSAT‚ Tbk Site Location: Cipayung (Mandor Hasan)‚ Cipayung Tower Type : SST 42M FOUR LEG GF (LIGHT DUTY) bp = 0.55 A. DIMENSION DATA Fx Fy ht = ℓp = 0.55 0.5 htb = htbe = h= 1.1 0.4 btb = 0.15 0.2 hw = hfp = 0.4 10 Lp = 10.9 Data Input Dimensi hal.1 B. CONCRETE DATA Compressive Strength for Pilecap Compressive Strength of Pile Concrete Density Weight of each Pile Allowable Tension Force of Pile Capacity Depth of Water
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Assessable income=ordinary income + statutory income. Ordinary income: income deriving from the courts (s6-5) Negative propositions: items that are not income by ordinary concepts: 1.Amounts not convertible into money :In Tennant v Smith (1892) free accommodation provided to a bank manager was held not to be ordinary income because building could not be sub-let and the benefit thereby converted to money. In FCT v Cooke & Sherden (1980) an incentive prize offered by a manufacturer was not income of the
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administrator needs at least one week (minimum) to download‚ test‚ and install the patch. To calculate the Window of Vulnerability (WoV) for this security breach‚ the following timeline will be used as a guideline to determine the basis for calculation: However‚ first it is important to understand the variables considered in this timeline formula. The WoV is the period within which defensive measures are reduced‚ compromised‚ or lacking. The WoV covers
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