Calculate the balancing adjustment.

What is the present value on January 1, 2016, of $40,000 to be received on January 1, 2019, and discounted 8% compounded annually? Round answer to two decimal places.

Reversing Rapids Co. purchases an asset for $147,552. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $11,409. Calculate book value of an asset. Round the answer to two decimals. Answer:       (25,496.99) answer is given pls how to get

JPX's decides to value a property based on its expected net after-tax monthly cash flow of $7,400, as if it were a perpetuity.  Assuming the next cash flow is received one-month from today, what is the property value given a discount rate of 11.52% APR, compounded monthly?    A) 770808 B) 770833 C) 770865 D) 770912

Vilma Company has estimated that total depreciation expense for the yearended December 31, 2020 will amount to P250,000. As of the beginningof the year, the company had fixed assets amounting to P2,000,000 andacquired additional fixed assets of P1,000,000 on July 1, 2020. Theestimated useful life is for 10 years. The 2020 year-end bonuses toemployees will total P600,000. In Vilma’s interim income statement for thesix months ended June 30, 2020, what total amount of expense relating tothese two items should be reported?

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In 2025, the controller of Green Company discovered that 2024 depreciation expense was overstated by $40,000, a material amount. Assuming an income tax rate of 25%, the prior period adjustment to 2025 beginning retained would be:

A3) Finance A property can be purchased in cash or through an equivalent plan, over 20 years, consisting of equal monthly payments (before monetary correction), at the effective rate of 8.60% per year. Monetary correction is made monthly, using the reference rate (RT). Throughout this period, the monthly average RT was 0.60%. Knowing that the twentieth installment was $2170 (after monetary correction), obtain the cash value of the property.

Thor, Inc reported depreciation on the income statement by the straight-line method on an asset with a four-year useful life. MACRS is used for the tax return. Income statement: $5 million each year. Tax Return: 2020 $7 million; 2021 $6 million; 2022 $4 million; 2023 $3 million. The income tax rate is 20% for all years. The current year is 2022. Which of the following statements is true regarding the differences between accounting and tax depreciation? The 2022 beginning balance in the deferred tax liability is $.6M, the 2022 difference is originating, and the desired ending balance in the 2022 deferred tax liability is $.4M. The 2022 beginning balance in the deferred tax liability is $.6M, the 2022 difference is reversing, and the desired ending balance in the 2022 deferred tax liability is $.4M. The 2022 beginning balance in the deferred tax liability is $.4M, the 2022 difference is reversing, and the desired ending balance in the 2022 deferred tax liability is $.6M. The 2022…

Calculate the present value as at 1 January 2019 of a series of payments of £100 payable on the first day of each month during 2020, 2021 and 2022, assuming an effective rate of interest of 8% per annum. Calculate this in form of Annuities like in Actuarial Science.