Business, 02.12.2019 19:31 u8p4

Assume that besley golf equipment commenced operations on january 1, 2013, and it was granted permission to use the same depreciation calculations for shareholder reporting and income tax purposes. the company planned to depreciate its fixed assets over 15 years, but in december 2013 management realized that the assets would last for only 10 years. the firm's accountants plan to report the 2013 financial statements based on this new information. how would the new depreciation assumption affect the company's financial statements?

the firm's reported net fixed assets would increase.

the firm's ebit would increase.

the firm's reported 2013 earnings per share would increase.

the firm's cash position in 2013 and 2014 would increase.

the provision will increase the company's tax payments.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:00

Which change is illustrated by the shift taking place on this graph? an increase in demanda decrease in demandan increase in supplya decrease in supply

Answers: 1

Answer

Business, 22.06.2019 09:00

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

Answers: 1

Answer

Business, 22.06.2019 11:00

On analyzing her company’s goods transport route, simone found that they could reduce transport costs by a quarter if they merged different transport routes. what role (job) does simone play at her company? simone is at her company.

Answers: 1

Answer

Business, 22.06.2019 11:40

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Answers: 2

Answer

You know the right answer?

Assume that besley golf equipment commenced operations on january 1, 2013, and it was granted permis...

Questions