Blossom Corporation purchased a machine on January 2, 2024, for $3800000. The machine has an estimated 5-year life with no salvage value. The straight-line method of depreciation is being used for financial statement purposes and the following MACRS amounts will be deducted for tax purposes: 2024 2025 2026 $760000 2027 1216000 2028 729600 2029 $0. O $6080. O $91200. O $85120. $437000 437000 220400 Assuming an income tax rate of 20% for all years, the net deferred tax liability reported on Blossom's balance sheet at December 31, 2025 is

Fans Company has two service departments-product design and engineering support, and two production departments - assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: Design SERVICE DEPARTMENT Product Design 0% Engineering Support 20% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Product Design Engineering Support Assembly Finishing Multiple Choice $1,863,265 SERVICES PROVIDED TO Support 10% 0% $623,878 $1,036,122 Assembly 30% 45% $100,000 $ 200,000 $540,000 $ 820,000 The total cost accumulated in the assembly department using the reciprocal method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar) Finishing 60% 35% D

Definition of academe

For what purpose Form 2553 is required?