Question

In: Civil Engineering

1. Why should engineers be aware of the depreciation of tangible assets? 2. Does the US...

1. Why should engineers be aware of the depreciation of tangible assets?

2. Does the US have a Value Added Tax (VAT)? If not, do you think that type of tax should be adopted?

Please I would like answer and opinion on these two engineer economy related questions. Please explain with detail. Thank You

Solutions

Expert Solution

Ally Wells answered 5 months ago
Next > < Previous

Related Solutions

What is depreciation? Which tangible assets in IT are depreciated and which are not? Why?
What is depreciation? Which tangible assets in IT are depreciated and which are not? Why?
Why are tangible assets depreciated? Briefly described two or three depreciation methods and how they work.
Why are tangible assets depreciated? Briefly described two or three depreciation methods and how they work.
Three examples of the kinds of tangible assets for which depreciation deductions are not available. ___...
Three examples of the kinds of tangible assets for which depreciation deductions are not available. ___ ___ ___ In addition, give three examples of the kinds of intangible assets for which amortization deductions are not available. ___ ___ ___
1) Why is an ethical corporate culture important? Why should a professional accountant be aware of...
1) Why is an ethical corporate culture important? Why should a professional accountant be aware of the Ethics Code of the International Federation of Accountants?
Depreciation by Two Methods; Sale of Long-term or relatively permanent tangible assets such as equipment, machinery,...
Depreciation by Two Methods; Sale of Long-term or relatively permanent tangible assets such as equipment, machinery, and buildings that are used in the normal business operations and that depreciate over time.Fixed Asset New tire retreading equipment, acquired at a cost of $718,750 on September 1 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated The estimated value of a fixed asset at the end of its useful life.residual value of $61,800....
1. Why do we have depreciation recapture? What does depreciation recapture accomplish? 2. What is the...
1. Why do we have depreciation recapture? What does depreciation recapture accomplish? 2. What is the difference between 1245 recapture and 1250 recapture? Is there a different tax rate? 3. How would you report 1231 gain on a tax return? How would you report ordinary recapture?
Why it is necessary to depreciate long-term tangible assets and amortize intangible assets with finite lives?...
Why it is necessary to depreciate long-term tangible assets and amortize intangible assets with finite lives? Which principle do these practices (depreciation and amortization) satisfy?
Tangible assets that are long term or non-current usually require depreciation entries, What specific information is...
Tangible assets that are long term or non-current usually require depreciation entries, What specific information is required to make the period end adjusting entry? What is the adjusting entry for depreciation of non-current assets?
2. Consider whether the US government should break up the biggest US banks. Why or why...
2. Consider whether the US government should break up the biggest US banks. Why or why not? If the United States does so, and other nations have very large government banks, or have very large private banks, can US banks remain competitive?
Why should you continue to be aware of what types of conflict are happening in the...
Why should you continue to be aware of what types of conflict are happening in the world? How do international conflicts affect your personal life?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT