Econ 333 Name:
Fall 2010 '
Exam 1 ' Lab Day: Tues.
October 21, 2010
Part I. Multiple choice (4 pts lea). Select the best answer.
1. Which of the following can you get from a properly prepared prot and loss statement
that reflects the farm business?
Economics 430
Exam 2
Name
Part 1. Multiple choice (4 points each). Select the best answer.
1. You are in the 15% tax bracket in 2007. The level ofdepreciation you claimed reduced your federal income
taxes by $6,000. The level of depreciation was ?
a. $9
Economics 430
Fall 2008
Part I. Multiple Choice (4 points each).
1. You are in the 25% tax bracket in 2008. The level of depreciation you claimed reduced your federal income
taxes by $6,000. The level of depreciation was ?
a. $900
b. $16,000
c. $40,
