1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Colt1911 [192]
3 years ago
12

Tan Company acquires a new machine (ten-year property) on January 15, 2017, at a cost of $200,000. Tan also acquires another new

machine (seven-year property) on November 5, 2017, at a cost of $40,000. No election is made to use the straight-line method. The company does not make the § 179 election and elects to not take additional first-year depreciation. Determine the total deductions in calculating taxable income related to the machines for 2017.
a. $24,000
b. $25,716
c. $102,000
d. $132,858
e. None of the above
Business
1 answer:
IgorLugansk [536]3 years ago
4 0

Answer:

b. $25,716

Explanation:

The total cost recovery Deduction is:

10-year property  

MACRS cost recovery ($200,000×0.10)                          $20,000

7-year property  

MACRS cost recovery ($40,000×0.1429)                         $5,716

Total cost recovery                                                      $25,716

Therefore, The total deductions in calculating taxable income related to the machines for 2017 is $25,716.

You might be interested in
The knowledge that employees can typically learn only through experience is called:
SpyIntel [72]
The knowledge that employees can typically learn only through experience is called Tacit knowledge. Unlike Explicit knowledge, Tacit knowledge is not easily communicated Often very difficult to explain how/why you have this knowledge.Explicit knowledge is relatively easily communicated knowledge; the kind of information you are likely to think about when you picture someone sitting down at a desk to learn. 
5 0
3 years ago
Which of the following statements is true of break-even point?
Misha Larkins [42]

Answer:

D) It helps managers exercise control after the product has been created and is ready for marketing.

Explanation:

Break-even point is the point where the total cost matches the total revenue,it is helpful to managers in order to control the business,it helps them to know when to implement certain changes or favorable incentives for improved sales and overall revenue.

It is calculated by dividing the total fixed cost/total revenue for one unit minus the variable cost for one unit.

It helps managers to control the profit margins in a given product,and also know the impact of changes to total revenue or profit when a process is Automated.

6 0
3 years ago
What is the budgeted cost of goods sold given the following for next budget
Andreas93 [3]

Answer:

what is this i don't know hope I will understand plz don't be angry

4 0
3 years ago
Morgan Company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The amount paid to the bond
Digiron [165]

Answer: $33750

Explanation:

First and foremost, we have to calculate the interest paid for the year which will be:

= $750000 X 9%

= $750000 × 0.09

= $ 67500

Therefore, the semi annual payment will them be calculated as:

= $67500 / 2

= $33750

7 0
2 years ago
Why do girls always bully mixed kids :?
damaskus [11]

Answer:

because they must think they hot or something idk

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed
    13·1 answer
  • In her work as an accountant, Sandra Garcia recognizes that for every transaction that affects an asset, an equal transaction mu
    9·1 answer
  • David wynn gets an auto loan from his credit union for $10,000. david will make monthly payments over the next four years to rep
    9·1 answer
  • For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for st
    9·1 answer
  • A company should accrue a loss contingency only if the likelihood that a liability has been incurred is:At least reasonably poss
    6·1 answer
  • Consumer surplus is: the difference between the price of a product and consumers' valuation of the last unit of the product purc
    12·1 answer
  • A _____ is the return on an asset that results when its market price rises above the price an investor paid for it.
    8·2 answers
  • When calculating the weighted average flotation cost, the weights should be based on the: O mix of debt and equity that will be
    6·1 answer
  • Halsted Corp. has identified three cost pools in its manufacturing process: equipment maintenance, setups, and quality control.
    15·1 answer
  • A broker just did something unethical , what did they do and what is it called ?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!