Based on the Given Data,compute the Following Items for Neff

question 33

Essay

Based on the given data,compute the following items for Neff Corporation for 2017:
a_Other gains and revenues
b_Other losses and expenses
c_Discontinued operations
The tax rate in effect for Neff Corporation is 35%.
1_Interest revenue during the year is $30,000.
2_Interest expense during the year is $22,500.
3_Rent revenue during the year is $65,000.
4_Loss on sale of machinery during the year is $35,000.
5_Loss from discontinued operations is $100,000 (pretax).
6_During the current year,Neff Corporation changed from straight-line to double-declining-balance amortization.Accumulated amortization under straight-line amortization as of January 1,2017,was $200,000; under double-declining-balance,accumulated amortization as of January 1,2017,would have been $250,000.
a___________________________
b___________________________
c___________________________

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