Alexa Inc. purchased equipment in 2018 for $70,000 with no residual value. On December 31, 2020, accumulated depreciation using the straight-line method for financial reporting was $21,000. For tax purposes, Alexa uses MACRS depreciation resulting in $49,840 in accumulated depreciation for tax purposes on December 31, 2020. Taxable income was $140,000 for 2020 and the company's tax rate is 25%.

a. Determine the GAAP basis of equipment (net) on December 30, 2020.

b. Determine the tax basis of equipment on December 30, 2020.

c. Assuming a deferred tax liability balance of $6,860 on December 31, 2019, record income tax expense for 2020.

Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order.

The Affordable Care Act (ACA) has three primary goals: expand access to health insurance, protect patients against arbitrary actions by insurance companies, and reduce costs. Did the 2010 Act achieve these goals? How has the ACA impacted the overall compensation of today’s workers? Please support your response through examples

In December 2010, Alpha Technologies Plc. issued coupon bonds with par value £100. The coupon rate is 8 percent annually and the bonds will be redeemed at par value in December 2015. What is the price of the bond if the competitive market interest rate is 10 percent? How would your answer change if the coupons were paid semi-annually?

Choose a recommendation from the IOM report (provided link). Research the issue and formulate a plan, then provide at least two strategies to achieve the recommendation. Discuss the two strategies as to how you believe they would achieve the results.

http://www.nationalacademies.org/hmd/~/media/Files/Report%20Files/2010/The-Future-of-Nursing/Future%20of%20Nursing%202010%20Recommendations.pdf

Construct the flow diagram and estimate the total heat required to convert 550 g ice at –75o C to steam at 1850 C.

(Cice = 2090 J/kg.°C, Cwater = 4186 J/kg.°C, Csteam = 2010 J/kg.°C, Lf = 3.33 × 105 J/kg, Lv = 2.26 × 106 J/kg.)

What has happened to the capital-income ratio between 1975 and 2010 in the wealthy

developed countries? How important is Piketty’s “second law of capitalism” in

explaining this evolution, and does this explanation fit the data for all countries? What

other factors does Piketty put forward to explain the evolution of the capital income

ratio over this period?

The Patient Protection and Affordable Care Act of 2010 brought about major changes for the healthcare industry and many new challenges for hospitals, doctors, and other providers. Your textbook presents these impacts under 12 broad headings. Present and discuss any three of these important impacts, and discuss how you, as a healthcare administrator, will respond to these changes.

SPN Limited acquired an equipment on 1 January 2010 for RM100,000. The equipment depreciated at 10% per annum on a straight-line basis for 2015 and 2016. As of 31 December 2016, an impairment loss of RM30,000 was recognized during an impairment procedure. At 31 December 2018, this impairment was reversed. Required: Prepare respective journal entries for the situation above

SAT-Corp. is considering the purchase of a new piece of machinery that will cost them $1,700,000 today (in 2010). This piece of machinery will increase the company’s after-tax cash flows by $500,000 in 2011, $750,000 in 2012, $1,000,000 in 2013. If SAT-Corp.’s discount rate (WACC) is 10%, then the NPV of making this purchase is