How do I solve this problem −24−18p=38p?
2 answers:
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The right answer is Option D.
Step-by-step explanation:
Distance of Team A = 6x+12
Distance of Team B = 4x-7
Difference between two teams means subtraction, therefore, subtracting the distance of Team B from Team A;
Combining alike terms;
The difference between two teams is 2x+19.
The right answer is Option D.
Keywords: subtraction
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Calvin may claim 2018 depreciation in the amount of $339.
<u> Solution: </u>
The following are the given details,
- Cost of the new desk = $2373
- The recovery period of the new office desk is 7 years.
We have to find the amount that has to be claimed on 2018 depreciation
We know, the rate of MACRS(Modified Accelerated Cost Recovery System) depreciation is 14.29% (Using the half-year convention)
Half-year convention is used to evaluate depreciation for tax purposes and denotes that the fixed assests will be considered to be in service for one-half of its first year, irrespective of actual purchase date.
The half-year convention in tax accounting, is generally used for federal income tax purposes. It influences the depreciation deduction computation in the fiscal year in which the property like machinery, plant, etc was placed into the service.