The Modified Accelerated Cost Recovery System (MACRS) is used for tax purposes.
<h3>What is depreciation?</h3>
Depreciation refers to the devaluation in the value of the tangible assets after a particular period of time. When the depreciation value of the assets becomes zero or negative. It becomes outdated or obsolete.
Modified Accelerated Cost Recovery System is the system introduced by the United States which is the tax depreciation system used to estimate the value of the assets depreciated.
Initially, it was introduced to attract the investors to invest in the depreciating assets. the benefit of this system is that it gets higher tax exemptions.
Learn more about devaluation here:
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Answer:
The difference is $9,450,000
Explanation:
Market Value of Share = $27.50 x 530,000
=$14,575,000
Book Value = $5,125,000.
Difference = $14,575,000- $5,125,000.
=$9,450,000
The market value is greater than book value by $9,450,000
Answer:
advertizing expense 387 debit
prepaid expense 387 credit
--to record expired advertizing at year-end ---
Explanation:
1,548 is the value of 36 months
from April to December 31th 9 months has expired thus:
1,548 x 9/36 = 387 expired advertizing
we will decrease our prepaid and post the advertizing expense for the expired amount
the prepaid is considered an asset as we have the right to receive advertize of our product and brand for the term of the contract thus, to decrease it we credit
the expense as decrease our equity will be debited
Answer:
The correct answer is letter "C": The employee whose performance was appraised may develop a deflated ego.
Explanation:
Appraisal interviews are conducted to discuss the performance of employees. The company sets a standard of how the duties of workers must be developed and employees are evaluated based on those guidelines. The closer the employee method or woking is to the company's standards, the possibilities of scoring higher increase.
However, not all employees end up with a good score after appraisals. <em>Those who are provided with negative notes typically develop a deflated ego since their performance was qualified as lacking. Managers must follow up on these workers to make sure they are not discouraged and that they accomplish the objectives their roles demand.</em>