A firm in a perfectly competitive market: a.must reduce its price if it wants to sell a larger quantity. b.must be large relativ
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Answer:
Follows are the solution to the given points:
Explanation:
In point a:
It must allocate for both the taxicab and
for the rest of the license, the client list, and the company name registered.
Its cost of intangible material could be amortized for 180 months starting in April. is her amortization deduction.
She could also use Section 179 to decrease her taxable money to but include her deduction.
Her taxable annual income is .
In point b:
They must allocate for the taxi and
for their licenses, the customer list as well as the business by interacting with people register. Its cost of the material could be depreciated for 180 months, starting in April.
is her amortization deduction.
The taxable income here
Section 179 could be requested if another income is earned on the tax return (such as W-2 wages).
As all Section 179 is unpaid with other earned income, it is carried forward into the next year.