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Although the Minor was originally designed to accept a flat-4 engine, late in the development stage it was replaced by a 918 cc (56.0 cu in) side-valve inline-four engine, little changed from that fitted in the early 1930s Morris Minor and Morris 8, with a bore of 57 mm but with the stroke of 90 mm and not 83 mm, and producing 27.5 hp (20.5 kW ...
All Morris cars were given anti-splash side-shields to their front wings. The Minor was given a new better-looking radiator and longer bonnet, better steering by Bishop Cam, and a four-speed gearbox. The £100 2-seater kept the old radiator, three-speed gearbox, worm and wheel steering and windscreen of a single panel. [10]
Compensation of employees (CE) is a statistical term used in national accounts, balance of payments statistics and sometimes in corporate accounts as well. It refers basically to the total gross (pre-tax) wages paid by employers to employees for work done in an accounting period, such as a quarter or a year.
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After the Second World War the 13.5 fiscal horsepower Oxford MO had to replace the Ten horsepower series M, Morris's Twelve and Morris's Fourteen.It was announced along with the new 918cc Morris Minor and the 2.2-litre Morris Six MS on 26 October 1948 and was produced until 1954.
The Morris Six Series MS is a six-cylinder midsize car from Morris Motors Limited which was produced from 1948 to 1953. Announced with Morris Motors' Minor, Oxford and Wolseley ranges on Tuesday 26 October 1948, it was Morris's first post-war six-cylinder car. All the new cars were of integral construction of chassis and body and rode on ...
When the purchaser of an intangible asset is allowed to amortize the price of the asset as an expense for tax purposes, the value of the asset is enhanced by this tax amortization benefit. [1] Specifically, the fair market value of the asset is increased by the present value of the future tax savings derived from the tax amortization of the ...
Under U.S. tax law, companies are not required to pay U.S. tax on their foreign subsidiaries’ profits for many years, even indefinitely until the earnings are returned to U.S. Therefore, it was one of the main reasons that U.S. corporations paid low taxes, even though the corporate tax rate in the U.S. was one of the highest rates (35%) in ...