Problem 20-17 Integrating problem; error; depreciation; deferred taxes [LO20-6]

George Young Industries (GYI) acquired industrial robots at the beginning of 2015 and added them to the company’s assembly process. During 2018, management became aware that the $2.2 million cost of the machinery was inadvertently recorded as repair expense on GYI’s books and on its income tax return. The industrial robots have 10-year useful lives and no material salvage value. This class of equipment is depreciated by the straight-line method for financial reporting purposes and for tax purposes it is considered to be MACRS 7-year property. Cost deducted over 7 years by the modified accelerated recovery system as follows:

The tax rate is 40% for all years involved.

Required:
1. & 3. Prepare any journal entry necessary as a direct result of the error described and the adjusting entry for 2018 depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
  

A)How long (in ns) does it take light to travel 1.00

m in vacuum?

B) What distance does light travel in water during the time that it travels 1.00

m in vacuum?

C) What distance does light travel in glass during the time that it travels 1.00

m in vacuum?

Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 85. He wants a fixed retirement income that has the same purchasing power at the time he retires as $55,000 has today. (The real value of his retirement income will decline annually after he retires.) His retirement income will begin the day he retires, 10 years from today, at which time he will receive 24 additional annual payments. Annual inflation is expected to be 6%. He currently has $105,000 saved, and he expects to earn 10% annually on his savings. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.

A projectile is fired with an initial speed of 36.4 m/s at an angle of 43.0 ∘ above the horizontal on a long flat firing range.

A) Determine the maximum height reached by the projectile.

B) Determine the total time in the air.

C) Determine the total horizontal distance covered (that is, the range).

D)Determine the speed of the projectile 1.50 s after firing.

How would you go about finding the %RAD for a titration experiment?

When running in the dark, some people recommend that you look to the edge or side of where you are going (and not directly at it). Is this good advice? Why or why not? Explain how your recommendation is based on the biology of the retina and/or brain.

Berger’s Lawn Maintenance Inc. is considering accepting 20-year property maintenance contract from the City of Kingston. The contract would require Berger’s to acquire new landscaping equipment, including a new trencher and excavator machine, amounting to a total purchase cost of $500,000 plus installation costs of $50,000. Other data relating to the contract are as follows: Annual incremental revenues from the contract $200,000 Annual maintenance cost for the new equipment $80,000 Additional maintenance costs at the end of year 10 $300,000 Salvage value of the equipment at termination of the contract $20,000 If the contract was accepted, several old, fully depreciated pieces of equipment would be sold at a total price of $30,000 upon signing the contract. These funds would be used to help purchase the new equipment. For tax purposes, the company computes CCA deductions using the maximum rate of 20%. The company requires an 11% after-tax return on all equipment purchases. The tax rate is 30%.

Required: Compute the net present value of this investment opportunity. Round all dollar amounts to the nearest whole dollar. Would you recommend that the contract be accepted?

FASTQ to FASTA converter: Implement a FASTQ to FASTA file format converter in python (the input is a FASTQ file and the output is a FASTA file)

What is the mass per repeating unit of PET (in g/mol)? explain why this number should be used ffor determning limiting reagent and yield and not the actual molecular weight of the polymer (which is >> 10,000 g/mol). I know that the mass per repeating unit of PET is 192 g/mol.

What were the factors that caused the field of International Relations to flourish in the West?

Prior to WW1 the study of International Relations was conducted in two loosely organized branches of learning, name and explain them

Write a Python program that prints 20 “random” license plate numbers, each one consisting of three randomly-chosen digits followed by three randomly chosen upper-case letters. The first digit cannot be zero. Sample output might look like: 382 HGK 819 YEU

A vapor mixture of -butane (B) and -heptane (H) contains 40.0 mole% butane at 80°C enters a condenser at a rate 4 kg/s. Liquid and vapor product streams emerge from the process in equilibrium at 40◦C. The vapor product has a 45.0 mole% butane composition. Determine: a. The pressure in the condenser b. The composition and flowrate (mol/s) of the liquid stream c. During operation, the system contains a 3m depth of the liquid phase (S.G. = 1.41) at any given time. If the maximum pressure the vessel floor joints can handle is 1 bar, will the tank rupture?

APPLICATIONS (GOOGLE CHROME, MICROSOFT EDGE BROWSER AND THUNDERBIRD MAIL APPLICATION) How does each of them address patch management? Visit their Web sites to determine facilities they have to alert users to new vulnerabilities. Then look at three competing products (for example, if you are examining Microsoft Office, then look at OpenOffice) and evaluate their patch management system. What did you discover? Are the patch management systems adequate? During your research, be sure to answer the following questions

Please answer the following question:
Window glass is colorless in the usual thickness used, but appears slightly green when viewed from the edge due to small amounts of Fe³⁺ . Why is this so?