Solved: The companys tax rate is 30 1 15000 2 10500 3 63000 4, Accounting Basics

+44 141 628 6080
[email protected]

The companys tax rate is 30 1 15000 2 10500 3 63000 4

a. ABC Company discontinued operations in 20Y2. During the year, the company had a pre-tax operating loss of $10,000. They sold the component during 20Y2 for $100,000. The component had a historical cost of $200,000 and accumulated depreciation of $125,000. Determine the total income or loss on discontinued operations for 20Y2.

The company's tax rate is 30%.

1. $15,000

2. $10,500

3. $63,000

4. $17,500

Solution Preview :

Prepared by a verified Expert

Accounting Basics: The companys tax rate is 30 1 15000 2 10500 3 63000 4

Reference No:- TGS01297260

Now Priced at $12 (50% Discount)

Recommended (98%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported

Solution Preview :

Prepared by a verified Expert

Accounting Basics: The companys tax rate is 30 1 15000 2 10500 3 63000 4

Reference No:- TGS01297260

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Briefly explain the major types of exchanges prevalent in

Q : Deluxe company expects to pay a dividend of 2 per share at

Q : River co has paid a dividend 2 per share out of earnings of

Q : Explain why growth mutual funds are worse investments than

Q : The companys tax rate is 30 1 15000 2 10500 3 63000 4

Q : Describe the differences

Q : Why is it important for the financial manager to understand