Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
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Chapter 6, Problem 3RQE
To determine
Find the tax liability for taxable income.
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3. On January 1 of 2017, your company purchased the following equipment. How much
will you depreciate for the fiscal year ending in 2020 when you have your CPA (certified
public accountant) file your tax return on April 15, 2021 assuming a straight-line
depreciation method? How much will you have depreciated total as of this point in time?
What are the remaining book values for each piece of equipment?
1. Dump truck, 1,000,000 birr expected resale value of 200,000 birr
2. Backhoe, 2,800,000 birr, resale 400,000 birr
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6. Two construction jobsite trailers, 200,000 birr each, 50,000 birr resale value each
A factory operator bought a diesel generator set of 10,000 and agreed to pay the dealer uniform
sum at the end of each year for 5 years at 8% interest compounded annually, that the final
payment will cancel the dept for principal and interest. What is the annual payment?
The owner of the Old Reliable Plumbing and Heating Store has an electricheater for sale. Its current price is $93.95. If the owner gives a 41% discount,he will sell the heater for what he paid for it. What did the owner pay to buythe heater? Round the answer to the nearer whole cent.
Chapter 6 Solutions
Construction Management
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