Consider the following independent scenarios: (Click the icon to view the scenarios.) Requirement In light of the economic performance requirement, how much is deductible by the following accrual basis corporate taxpayers this year? (Complete all input fields. Enter a "0" if none of the amount is currently deductible) Current year deduction East Corporation sells products with a one-year warranty. East estimates that the warranty costs on products sold during this year will amount to $94,000. East performs $33,000 of warranty work on products sold last year and $29,000 of warranty work on products sold this a. year. Thome Corporation agrees to pay $12,000 this year and $12,000 next year to a software developer. The developer completes all work on the software and delivers the product to b. Thome this year. Sphar Corporation pays $8,000 to a supplier to guarantee delivery of raw materials. The $8,000 c. is refundable if Sphar decides not to acquire the materials. This year Vega Corporation pays a $3,400 security deposit on space it rents for a new office. In addition, Vega pays current year rent of $25,000. The security deposit is refundable if the d. property is returned in good condition. Enter any number in the edit fields and then click Check Answer. Consider the following independent scenarios: (Click the icon to view the scenarios.) Requiry In light year? More Info Ea CO wa a yea The de b. The Spl c.is Thi add a. East Corporation sells products with a one-year warranty. East estimates that the warranty costs on products sold during this year will amount to $94,000. East performs $33,000 of warranty work on products sold last year and $29,000 of warranty work on products sold this year b. Thome Corporation agrees to pay $12,000 this year and $12,000 next year to a software developer. The developer completes all work on the software and delivers the product to Thome this year. c. Sphar Corporation pays $8,000 to a supplier to guarantee delivery of raw materials. The $8,000 is refundable if Sphar decides not to acquire the materials. d. This year Vega Corporation pays a $3,400 security deposit on space it rents for a new office, In notition Manan.cantur. 36.000 Tha anndananitinishdahlatha d. prg Enter all Print Done Consider the following independent scenarios: Click the icon to view the scenarios.) Requir In light year? More Info Ea CO wa a yea Th de b. Th Sp C. is Thi add CD POULS SOIN wo year Win 304,000. LOL penOS OUJOU warranty work on products sold last year and $29,000 of warranty work on products sold this year. b. Thome Corporation agrees to pay $12,000 this year and $12,000 next year to a software developer. The developer completes all work on the software and delivers the product to Thome this year c. Sphar Corporation pays $8,000 to a supplier to guarantee delivery of raw materials. The $8,000 is refundable if Sphar decides not to acquire the materials d. This year Vega Corporation pays a $3,400 security deposit on space it rents for a new office. In addition, Vega pays current year rent of $25,000. The security deposit is refundable if the property is returned in good condition d. pra Enter at Print Done
