alazhamason
27.08.2021 •
Business
Compose 400-500 words describing a problem in your community or school and your proposed solution. Include your vision, mission, objectives, strategies, action plans, organizational structure required, and safety concerns.
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Ответ:
$18,000
Explanation:
Required:
Find the amount of income Perimeter recognizes in 20X1 as a result of the investment.
Amount of income to be recognized should be calculated as:
Share of net income - Amortization of equipment in excess of book value
Where,
Share of net income = 30% of net income
= 30% × $80,000
= $24,000
Less: Amortization of equipment in excess of book value =
Therefore, amount of income to be recognized =
$24,000 - $6,000
= $18,000
Amount of income Perimeter recognizes in 20X1 as a result of this investment is $18,000