Home office, inc., an accrual basis taxpayer, leases a copying machine to a new customer on december 27, year 1. the machine was to rent for $500 per month for a period of 36 months beginning january 1, year 2. the customer was required to prepay 6 months rent at the time the lease was signed on december 27, year 1. the customer was also required to pay a $2,000 damage deposit at the time the lease was signed. the damage deposit will be returned to the taxpayer at the end of the lease if no damage occurs. determine the amount of gross income

home office recognizes in year 1.

Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?