Given the questions below, it is correct to state that: Choose one or more: a. When goods
Question:
Given the questions below, it is correct to state that:
Choose one or more:
a. When goods are sold, the book value of the goods must be calculated. If the book value is lower than the sale value, there will be a book loss corresponding to the difference between these values. The book loss must be subtracted from taxable income; b. In economic engineering problems it is important to consider income tax, since a project can become feasible if we take income tax into account. c. Physical and functional depreciation of a piece of equipment have different ways of calculation in economic engineering. d. In any productive system there is a gradual loss of initial value of productive assets , this is why depreciation must be considered. e. In some cases, the search for financing can help in the viability of problems, when considering the income tax
Auditing Cases An Active Learning Approach
ISBN: 9781266566899
2nd Edition
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt