On january 1, 2013, warren co. purchased a $600,000 machine, with a five‐year useful life and no salvage value. the machine was depreciated by an accelerated method for book and tax purposes. the machine's carrying amount was $240,000 on december 31, 2014. on january 1, 20x5, warren changed retroactively to the straight‐line method for financial‐statement purposes. warren can justify the change. warren's income tax rate is 30%. on january 1, 20x5, what amount should warren report as deferred income tax liability as a result of the change?

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

True or false: it is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit.