contestada

Determine the taxable income for a firm as described here: The firm recorded revenues of $46,000 and recaptured depreciation of $2,000 for the year just ended During the year, the firm incurred cash expenses of $27,500 and depreciation expenses of $15,575.

Respuesta :

Tundexi

Answer:

Taxable Income = $4,925

Explanation:

Computation of taxable income

Particulars                                    Amount

Revenue                                       $46,000

Add: Recaptured depreciation   $2,000

Less: Cash expenses                  $27,500

Less: Depreciation expenses     $15,575  

Taxable Income                           $4,925

Otras preguntas