A corporation sold a piece of equipment during the current tax year for $90,00. The accounting records show that its cost basis, B, is $190,000 and the accumulated depreciation is $140,000. Assume that the effective income tax rate as a decimal is 0.40 (40%). Based on this information, what is a. the gain (loss) on disposal, b. the tax liability (or credit) resulting from this sale, c. the tax liability (or credit) if the accumulated depreciation was $90,000 instead of $140,000

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.