Bon nebo co. sold 25,000 annual subscriptions of bjorn 20xx for $85 during december 2014. these new subscribers will receive monthly issues, beginning in january 2015. in addition, the business had taxable income of $840,000 during the first calendar quarter of 2015. the federal tax rate is 40%. a quarterly tax payment will be made on april 12, 2015.prepare the current liabilities section of the balance sheet for bon nebo co. on march 31, 2015.

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The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $