Accounting 430 - Quiz 8 1) Assuming a 25 percent tax rate‚ compute the after-tax cost of $23‚000 worth of advertising costs. (part c) a) $23‚000 b) $20‚125 c) $17‚250 Because the advertising cost is deductible‚ its after-tax cost is $17‚250 ($23‚000 - [$23‚000 × 25%]). d) $27‚500 2) In 2013‚ Firm A paid $50‚000 cash to purchase a tangible business asset. In 2013 and 2014‚ it deducted $3‚140 and $7‚200 depreciation with respect to the asset. Firm A’s marginal tax rate in both years was 35
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India’s Cold Chain Industry Page 1 of 7 Country: India’s Cold Chain Industry Renie Subin August 2011 Summary India is an agricultural-based economy. More than 52 percent of India’s land is cultivable‚ compared to the global average of 11 percent. Each year‚ India produces 63.5 million tons of fruits and 125.89 million tons of vegetables. India is also the largest producer of milk (105 million metric tons per year). India produces 6.5 million tons of meat and poultry‚ as well as 6.1 million
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TABLE OF CONTENTS 1) Introduction 2) Plant Assets 3) Cost Subsequent to Acquisition 4) Valuation 5) Disposal of Plant Assets 6) Intangible Assets 7) Financial Reporting for Plant Assets 8) Conclusion 9) Bibliography and References 1) Introduction This paper includes‚ to the best of my knowledge and research‚ information pertaining the acquisition and disposal of plant assets. This includes terms‚ examples‚ descriptions and general accepted accounting principles necessary to
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Compiled AASB Standard AASB 138 Intangible Assets This compiled Standard applies to annual reporting periods beginning on or after 1 July 2009. Early application is permitted. It incorporates relevant amendments made up to and including 25 June 2009. Prepared on 30 October 2009 by the staff of the Australian Accounting Standards Board. AASB 138-compiled 2 COPYRIGHT Obtaining Copies of Accounting Standards Compiled versions of Standards‚ original Standards and amending Standards (see Compilation
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The hidden truths of the Food Industry It was our normal routine during the week‚ driving through the drive thru to get the kids a bite to eat. One day it could be Jack n the Box‚ another day it could be Mc Donald’s or Carl’s Jr‚ which ever fast food was voted on amongst my daughters is where we went. This past summer what seemed to be just another trip through the drive thru became a nightmare after eating hamburgers at our usual Carl’s Jr. Not so long after we ate‚ my older daughter began with
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Impacts of MIS on the Glass Industry China looks set to dominate various markets in the near future (Hughes‚ M (2011) Week 3 “IS in a Changing World”‚ MS102‚ National University of Ireland Galway‚ unpublished) The glass industry should be a target for them. China is the best in the world for glass production and consumption. China’s flat glass production accounts for 40 per cent of the world today‚ which is about 38 million tons per year‚ and the processed glass industry is improving quickly. (Wenyi
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PEST Analysis about the American Manufacturing Industry In the article Can the Future Be Built in America‚ the author Pete Engardio describes the crucial issue of the manufacturing industry exodus from the United States and how smarter tax policies‚ low-cost loans‚ and industrial zones may help keep factories at home. For over a half century‚ American manufacturing has dominated the globe. It helped rebuild Europe and Japan and it stimulated the economic growth in China because of outsourcing
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Technical Innovation is the Key to development of Crusher Industry During the processing course of various metallic‚ non-metallic ore raw materials and building materials‚ the application of crushing machines is very wide. Since crushing needs to consumes plenty of energy‚ and at the same time‚ it is low efficient process‚ crushing will consumes lots of energy and produce sound‚ heat and vibration. The economic development has higher and higher requirement for the technical level of the crushing
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Re: Food For Thought Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying
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Manufacturing Industry in Bangladesh and Malaysia Bangladesh economy achieved an economic growth of 5.8% during 2000-2009. The economy is rapidly growing. The per capita income in 2010 was around $1‚700. Garment industry dominates Bangladesh‚ which grew at double-digit rates through most of the 1990s. About 1.5 million people‚ mostly women‚ were employed in the garments sector by late 1990s. Bangladesh’s export was dominated by garments. It represented around 52% of Bangladesh’s total exports worth
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