Dinkle Company purchased equipment for $50,000. The equipment has an estimated residual value of $5,000 and an expected useful life of 10 years. Dinkle uses straight-line depreciation for its financial statements. Required: What is the difference between the company's income before taxes reported on its financial statements and the taxable income reported on its tax return in each of the first 2 years of the asset's life if the asset was purchased on January 2, 2016, and its MACRS life is 5 years?

Answers

Answer 1

Answer:

Year 1

As per company book deprecation: (Equipment cost-Salvage value)/Life time = (50,000 - 5,000)/10 = 45,000/10 = $4,500

As per income tax depreciation = Cost * MACRS rate for year 1 = 50,000 * 20% = $10,000

Therefore, difference in year 1 will be: $10,000 - $4,500 = $5,500

Year 1

As per company book deprecation: (Equipment cost-Salvage value)/Life time = (50,000 - 5,000)/10 = 45,000/10 = $4,500

As per income tax depreciation = Cost * MACRS rate for year 2 = 50,000 * 32% = $16,000

Therefore, difference in year 1 will be: $16,000 - $4,500 = $11,500


Related Questions

In the diagram below of triangle DEF, G is a midpoint of DE and H is a midpoint of EF. If GH = 5x−34, and DF = 20−x, what is the measure of DF?

Answers

Answer: 8

Step-by-step explanation:

Match color lines to equations 8th grade math

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Answer:

you have to provide more I formation

Step-by-step explanation:

you have you provide more Info I cant give you an answer

Which expression is equivalent to (2p + 4) (2p - 4)?

Answers

Answer:

D

Step-by-step explanation:

4p^2-16

hope this helps

Answer:

D i think

Step-by-step explanation:

HELP PLSSSS I DONT UNDERSTAND WALLAH

Answers

Answer:

7.2

Step-by-step explanation:

Distance between (4, 3) and (8, 9):

[tex] d = \sqrt{(x_2 - x_1)^2 + (y_2 - y_1)^2} [/tex]

[tex] d = \sqrt{(8 - 4)^2 + (9 - 3)^2} [/tex]

[tex] d = \sqrt{(4)^2 + (6)^2} [/tex]

[tex] d = \sqrt{16 + 36} [/tex]

[tex] d = \sqrt{52} = 7.2 [/tex] (nearest tenth)

Here help please........................

Answers

It’s 2 bro try to do it if I’m wrong I’m sorry but it’s 2

Answer: The value of zero its zero

Step-by-step explanation:

The place value of zero in any number is always zero. Zero may hold any place in a number, but its value will remain to be zero.

Hope you have a great day :) Dont forget to MARK me as BRAINLISTI PLEASE :)

4 1/4 divided by 3 and 1/2 ​

Answers

Answer:

1 3/14

Step-by-step explanation:

1. You want to turn the fractions into mixed numbers.

2. 4 1/4 is equal to 17/4

3. 3 1/2 is equal to 7/2

4. I have a fraction calculator and got 1 and 6/28.

5. To solve it yourself, flip 7/2 to make it 2/7 and change from division to multiplication.

Looked like: [tex]\frac{17}{4}[/tex] ÷ [tex]\frac{7}{2}[/tex]

Looks like: [tex]\frac{17}{4}[/tex] · [tex]\frac{2}{7}[/tex]

17 times 2 is 34 and 4 times 7 is 28. Leaving us with 34/28.

Now just simplify and get an answer of 1 and 3/14.

Hope this helps! Please vote me as Brainliest. Let me know if you need more of an explanation. Remember, cheating is never the answer. Try your best before you seek answers. Hope it's not too late. Good luck with whatever you are doing! Have an amazing day!

What is equivalent to 16.8 - 18.6

Answers

Answer:

16.8-18.6= -1.8

Step-by-step explanation:

It must be negative

6x +6 = -10 + 8x
please solve it fast

Answers

Answer:

x = 8

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right  

Equality Properties

Multiplication Property of Equality Division Property of Equality Addition Property of Equality Subtraction Property of Equality

Algebra I

Terms/Coefficients

Step-by-step explanation:

Step 1: Define

6x + 6 = -10 + 8x

Step 2: Solve for x

[Subtraction Property of Equality] Subtract 6x on both sides:                    6 = -10 + 2x[Addition Property of Equality] Add 10 on both sides:                                  16 = 2x[Division Property of Equality] Divide 2 on both sides:                               8 = xRearrange/Rewrite:                                                                                        x = 8

Step 3: Check

Plug in x into the original equation to verify it's a solution.

Substitute in x:                                                                                                6(8) + 6 = -10 + 8(8)Multiply:                                                                                                           48 + 6 = -10 + 64Add:                                                                                                                 54 = -10 + 64Add:                                                                                                                54 = 54

Here we see that 54 does indeed equal 54.

∴ x = 8 is the solution to the equation.

ksjdfnsdjkfnskfjsndjkfsndjkf

Answers

No the answer is: ssbhsjsjeoebehjdhehsjjdudheheu

Sid needs 0.7 meters of canvas material to make a​ carry-all bag for his wheelchair. If canvas is ​$10.68 per​ meter, how much will Sid​ spend?​ (Note that ​$10.68 per meter is the same as ​$10.68 for one​ meter.)

Answers

Answer:

$7.48

Step-by-step explanation:


Patty bought a baby stroller on sale for $301.75. The original price of the stroller was $355. Find the discount rate.

Answers

Answer:

15%

Step-by-step explanation:

Please let me know if you want me to add an explanation as to why this is the answer. I can definitely do that, I just wouldn’t want to write it if you don’t want me to :)

Mai made $216 for 18 hours of work.
At the same rate, how many hours would she have to work to make $96?

Answers

Answer:

8 hours

Step-by-step explanation:

216 ÷ 18 =12 that means Mai gets paid $12 an hour so take the $96 and ÷ by 12 and you get 8 hours

Answer:

Step-by-step explanation:

First you do 216 divided by 18 which is 12.

Now we know she makes 12 dollars an hour.

Next you divide 96 by 12 because that's how much Mai makes in an hour. 96 divided by 12 is 8 so she would have to 8 hours  in order to make 96 dollars.

Solve the equation 7a=98

Answers

14 because you need to cancel out the 7. So divide 7 by 7a. Youre left with 7. divide 98 by 7 and it equals 14!

Answer:

98/7 = 14

therefore a = 14

14/98 = 7

We get the same pattern with 105 and 3 and 6 thereafter

105/6 = 17.5

105/3 = 35

Find a formula for the nth term in this
arithmetic sequence:
a1 = 0, a2 = 0.5, a3 = 1, a4 = 1.5, ...
an =
= [ ? ]n
+

Answers

the formula for the nth term in given arithmetic sequence = 0.5(n - 1) or, (n - 1)

Tell whether the slope of the line is positive,
negative, zero, or undefined.

Answers

The slope is undefined

describe the pattern below . write another pattern that has the same fourth value describe your pattern

Answers

hello goodbye believe 195

Which is greater, 5/6, 7/8 or 5/8?

Answers

5/6 i think it’s that

Answer:

5/6 is greater

Step-by-step explanation:

a function is rule that assigns each ​

Answers

Answer:

element in the range to exactly one element in the domain

Step-by-step explanation:

N/A

Please help me with this question

Answers

Answer:

Domain: [-3, 1)

Range: [-5. 4]

An urban planner examines police-report data for many cities and towns and discovers that cities with professional football teams tend to have higher numbers of reported small crimes, such as burglary.

Which statement best explains the effect of confounding in this relationship?

A.) The football teams are a direct cause of increased small crimes.
B.) In cities without football teams, the small crimes often go unreported.
C.) Cities without football teams most likely have lower rates of reported small crimes.
D.) Cities with football teams tend to be large, which means they have more reported small crimes.

Answers

Answer: The answer is D

Step-by-step explanation:

Answer:

D) Cities with football teams tend to be large, which means they have more reported small crimes.

Step-by-step explanation:

Confounding refers to the phenomenon in which an apparent relationship between two variables is actually caused by the influence of a third, confounding variable. In this case, it is possible that the relationship between the presence of a football team and the number of reported small crimes is confounded by the size of the city. It is possible that cities with football teams tend to be larger, and larger cities generally have more reported small crimes, regardless of whether they have a football team. This could explain the apparent relationship between football teams and small crimes. It is important for researchers to consider and control for potential confounding variables in order to accurately interpret the relationships between variables in their study.

What is the GCF for the terms in the following expression?
[tex]15x + 30y - 10[/tex]

What is the factored expression?

hint: it will look something like this
[tex]4 (2x + 4y - 6)[/tex] this is not the answer!

Answers

Answer:

5 (3x + 6y - 2)

Step-by-step explanation:

GCF is 5. Sorry late response

Determine the intercepts of the line.

Answers

Answer:

y - intercept: (0,0.4)

x - intercept: (0.3,0)

Step-by-step explanation:

960 meters in 15 seconds.

Answers

64 meters per second

The graph plots four equations, A, B, C, and D: Line A joins ordered pair negative 6, 16 and 9, negative 4. Line B joins ordered pair negative 2, 20 and 8, 0. Line C joins ordered pair negative 7, negative 6 and 6, 20. Line D joins ordered pair 7, 20 and 0, negative 7. Which pair of equations has (0, 8) as its solution? (4 points) Equation A and Equation C Equation B and Equation C Equation C and Equation D Equation B and Equation D

Answers

Answer:

d is 6,6 and 4,is -94 and plus 8

Step-by-step explanation:

What's 15,589+384 it's for my math

Answers

Answer:

15973

Step-by-step explanation:

Answer: 15,589 + 384 = 1,5973

Step-by-step explanation:

a = , b = , c = Will give Brainliest

Answers

Answer:

a = 2, b = 3, c = 8

Step-by-step explanation:

For the linear equation y+4x=13,if x =2 what value of y will make the equation

Answers

Answer:

5

Step-by-step explanation:

y+4*2=13

y+8=13

y=13-8

y=5

Answer:

5

Step-by-step explanation:

y + 4x = 13

They gave us "x" which is "2", so we can use that to substitute that into the equation.

y + 4x = 13

y + 4(2) = 13

y + 8 = 13

Subtract 8 on both sides to isolate the variable.

y + 8 - 8 = 13 - 8

y = 5

And that is ur answer

Check:

x = 2

y = 5

Use the equation and substitute them

y + 4x = 13

5 + 4(2) = 13

5 + 8 = 13

13 = 13

Hope this helped!

Have a supercalifragilisticexpialidocious day!

A membership to LA Fitness is on sale for $ 112 50. That represents
a 25% discount on the original membership price. What was the
membership selling for before the discount?

Answers

Answer:

Step-by-step explanation:

let the original price be x

discount is 25%, .25x

discounted price x-.25x=.75x

112.50=.75x

x=150 was the membership selling before the discount

Rewrite the fraction in the sentence below as a percentage.
From 175 yards away, a marksman hit 31/50 of the targets last year.

Answers

Answer:

62%

Step-by-step explanation:

31/50 is also equal to 62/100 (if we multiply the numerator and denominator by 2). 62/100 is 62%.

Answer:

62%

Step-by-step explanation:

31/50=0.62.

0.62 as a percent would be 62%

(b) Claude
goes to school by bus.
The probability that the bus is late is 0.1. If the bus is late, the
probability that Claude is late to school is 0.8.
If the bus is not late, the probability that Claude is late to school is 0.05.
i) Calculate the probability that the bus is late and Claude is late to school.
ii) Calculate the probability that Claude is late to school.
iii) The school term lasts 56 days.
How many days would Claude expect to be late?

Answers

Answer:

i) 0.08 = 8% probability that the bus is late and Claude is late to school.

ii) 0.125 = 12.5% probability that Claude is late to school.

iii) Claude should expect to be late for 7 days.

Step-by-step explanation:

i) Calculate the probability that the bus is late and Claude is late to school.

0.1 probability that the bus is late.

If the bus is late, 0.8 probability that Claude is late to school. So

[tex]p = 0.1*0.8 = 0.08[/tex]

0.08 = 8% probability that the bus is late and Claude is late to school.

ii) Calculate the probability that Claude is late to school.

8%(when the bus is late) plus 0.05 of 1 - 0.01 = 0.9. So

[tex]p = 0.08 + 0.05*0.9 = 0.08 + 0.045 = 0.125[/tex]

0.125 = 12.5% probability that Claude is late to school.

iii) The school term lasts 56 days. How many days would Claude expect to be late?

12.5% of 56. So

0.125*56 = 7

Claude should expect to be late for 7 days.

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