Davenport Depreciation Analysis Using the Method of Decreasing Numbers Excel Task

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BACKGROUND

Thecompany, North S.L., has the following information in the BalanceSheet and Profit and Loss Account for 2016, before calculating itsCorporate Tax:

LOSSAND PROFIT ACCOUNT
1. Net revenue	204.300,00
700 SALES OFGOODS	200.000,00
705 PROVISIONOF SERVICES	5.500,00
708 SALESRETURNS	-1.200,00
4. Supplies	-69.800,00
600 PURCHASEOF GOODS	-72.450,00
610 CHANGE ININVENTORY	2.650,00
6. Staff costs	-75.170,00
640 WAGES ANDSALARIES	-56.800,00
642 SOCIALSECURITY	-16.470,00
649 OTHERSOCIAL EXPENSES	-1.900,00
7. Otheroperating costs	-19.850,00
626 BANKSERVICES	-700,00
627ADVERTISING AND PR	-3.600,00
628 SUPPLIES	-3.800,00
629 OTHERSERVICES	-7.100,00
631 OTHERTAXES	-400,00
694 IMPAIRMENTLOSSES	-4.250,00
8.Depreciation	– 13.950,00
681DEPRECIATION	– 13.950,00
12. Otheroutcomes	– 600,00
678 EXTRACOSTS	– 600,00
A) ACTIVITYOUTCOME	24.930,00
13. Financialincome	700,00
b) Otherfinancial income	700,00
769 OTHERFINANCIAL INCOME	700,00
B)FINANCIAL OUTCOME	700,00
C) INCOMEBEFORE TAXES	25.630,00
D) FISCALYEAR OUTCOME	25.630,00

1. Makein each of the following points the adjustment needed to obtain thetax base of the Corporate Tax, basing the response and establishingthe amount that corresponds. You must also indicate if you arefacing a temporary or permanent difference. In points 8 and 9 youshould not propose any adjustment, in these two cases you shoulddescribe how they affect the liquidation of the Corporate Tax.

1. Themachinery was acquired for € 52,000 in January 2014. An accountingdepreciation expense of € 7,000 is provided. Fiscally a maximumamortisation coefficient of 12% and a maximum period of 18 years isestablished.
2. Thetransport element or vehicle was acquired on January 1, 2013, with aprice of € 25,000 and a useful life of 5 years. The accountingamortisation is carried out using the method of decreasing digitnumbers.
3. Provision of€ 1,250 is provided for a debt that occurs on October 1, 2016. Theliability has not been claimed judicially.
4. A provisionfor insolvencies of € 3,000 is provided, an obligation that hasalready been judicially claimed.
5. Theadministrators have been paid for the performance of seniormanagement functions with € 10,000.
6. Anadministrative penalty of € 600 has been imposed on the company.
7. The companyhas paid the posters for a sports conference for its employees. Thisserves to advertise their products and services and has cost €1,200. The company gave the customers who attended the event a batchof products worth € 2,200. Extraordinarily, he has given hisemployees an assortment of products worth € 400.
8. The companyis entitled to a deduction for having made investments affected to R& D of € 1,200.
9. The companyhas made instalment payments of € 4,400

2.Calculatethe liquidation of the Corporate Tax in a word document, using thefollowing scheme.:

3. North S.L.is thinking of making an international expansion. However, you needto determine whether to start big in a new market or expand into apotentially large market, but at a slower and safer pace. Theoptions that the company’s management has are:

1. 1. Enter theNorth American market, where it is known that their services canwork, but they do not know in depth. They can enter through Canadaand expand across the United States or vice versa.
   2. Open slowlybut firmly in the Portuguese-speaking market. Due to its proximity,they know the Portuguese market perfectly, and this would allowNorth S.L. access to the Brazilian market, a country with athriving economy.

Tofind out which option is more beneficial for North S.L., compare thepossibilities that arise and justify which of the two is better,considering which country offers better fiscal conditions and thatNorth S.L. seek the most significant benefit.

1. North S.L. is thinking of making an international expansion. However, you need to determine whether to start big in a new market or expand into a potentially large market, but at a slower and safer pace. The options that the company’s management has are:
   1. Enter theNorth American market, where it is known that their services canwork, but they do not know in depth. They can enter through Canadaand expand across the United States or vice versa.
   2. Open slowlybut firmly in the Portuguese-speaking market. Due to its proximity,they know the Portuguese market perfectly, and this would allowNorth S.L. access to the Brazilian market, a country with athriving economy.

Tofind out which option is more beneficial for North S.L., compare thepossibilities that arise and justify which of the two is better,considering which country offers better fiscal conditions and thatNorth S.L. seek the most significant benefit.