Answer:
amortization expense is $36000
Explanation:
given data
purchased = $180000
time = 5 year
to find out
amount recorded as amortization expense
solution
we know here purchased patent for 180000 and here life is 5 years
so here
amortization expense will be purchased / time
amortization expense = purchased / time
amortization expense = 180000 / 5
so amortization expense is $36000
Answer:
The solution to this issue can be defined as follows:
Explanation:
Please find the complete question in the attachment file.
Direct Substances 9
Direct jobs 5
Overhead output variable 5
Overhead of fixed production
The Unit cost of the item at absorption cost per year
Answer:
c. progressive tax
Explanation:
Progressive tax can be regarded as one of the tax structure whereby the tax payer that receive higher incomes in the state pay a higher share of taxes from the income they made, which is different from those that receive Lower income. It is a tax system whereby when there is increase in tax rate then the taxable amount increases too. It should be noted that the tax structured where people with the same income pay the same percentage of their income in taxes is reffered to as progressive tax. wealth/property tax is one of the example of progressive tax.