<span>Delta could implement self tagging whereby passengers could put destination tags on their own bags.This system would prevent theft by bag handlers who indulge in theft of expensive items like laptops,.cell phone etc.Due to correct tagging by passengers themselves bags are likely to reach their destination safely.</span>
Answer:
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Answer:
A deferred tax liability will be reported on the balance sheet
b) trademark
as longterm assets refers to those assets that will not become cash within a one-year period
Explanation:
As the accounting makes the depreciaiton of the asset among 8 years
while the MACRS (depreciaiton for tax purposes) does it in 5 years
the company will pay lower income taxes now but, higher in the future
creating a tax liability as the tax relief occurs now.
Calculations:
Account Depreciation Expense
(cost - salvage value )/ useful life =
(130,000 - 10,000)/ 8 years = 8,000
Tax-purpose depreciation expense
130,000 x 20% = 26,000
There is a tax difference of (26,000 - 8,000) x corporate income tax
The capitation fee would be a part of credit side of the profit and loss account in the health's care entity's financial statements.
Given that health care entity want to record capitation fee in it's financial statements.
We are required to answer to the question that how capitation fee is recorded in a health care'sn financial statements.
Financial statements are basically the written records that convey the business activities and the financial performance of a company. The balance sheet gives an overview of assets, liabilities, and shareholders' equity as a snapshot in time.
When a health care entity receives capitation fee it would be recorded on the credit side of the profit and loss account because the capitation fee is a income of the health care entity.
Profit and loss account is an account that records expenses and incomes of the company.Expenses are recorded on debit side and incomes are recorded on credit side of profit and loss account.
Hence the capitation fee would be a part of credit side of the profit and loss account in the health's care entity's financial statements.
Learn more about profit and loss account at brainly.com/question/26240841
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Answer:
$217,800
Explanation:
1.)Income as per new method (695,000 + 331,000) $1,025,000
Less Actual reported income until 2021 (395,000 + 267,000 ) $662,000
Balance $363,000
Hence:
40%*$363,000
=$145,200
$363,000 -145,200
=$217,800
Therefore amount will be debited to Construction in Process account, to record the change at beginning of 2021 will be $217,800
