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rewona [7]
3 years ago
13

In April , the current year, Emma acquired a machine for $60,000 for use in her business. The machine is classified as 7-year pr

operty. Emma does not expense the asset under Sec. 179 or bonus depreciation. Emma's depreciation on the machine in the current year isA) $30,000B) $60,000C) $ 6,428D), $8,574
Business
1 answer:
Vinil7 [7]3 years ago
5 0

Answer:

D), $8,574

Explanation:

The computation of the depreciation on the machine is shown below:

= Acquired value of the machine × depreciation rate for the first year

= $60,000 × 14.29%

= $8,574

Simply we multiplied the acquired value of the machine with the depreciation rate for first-year so that the correct amount of depreciation can come

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The scripting process is answering interview questions using a formula which includes: A. directly answering the question, backi
defon

Answer:

A. directly answering the question, backing up the answer with a specific example, and tying the answer back to the company and/or the position.

Explanation:

There are various strategies for answering interview questions and the scripting process is one of them.

The scripting process involves the respondent going through the following steps:

- address the question that is asked

- provide and example that effectively backs up the answer

- highlighting the relevance of the answer to the company or position.

This process helps give a robust answer while displaying an understanding of the role requirements by the interviewee.

3 0
4 years ago
Select the most likely outcome of making only on-time minimum payments to a credit
Gennadij [26K]

The answer is <u>"B. Your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago."</u>


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This would make your credit score to tumble down, and would make it extremely hard for you to acquire some other type of advance later on.  

When you make just the minimum installment on your credit card, you're giving yourself impermanent help. But on the other hand you're focusing on paying more in intrigue charges later. That exchange off can get you into genuine budgetary inconvenience after some time, particularly if your card charges a high interest rate.

3 0
4 years ago
Read 2 more answers
Partner Industries sells a single product for $45 that has a variable cost of $25. Fixed costs amount to $10 per unit when antic
Goshia [24]

Answer:

Profit of One unit in excess of break even point  = $20

Explanation:

Break even point is where Sales =Total cost

Normal profit per unit $45--25$-$10 = $10

Profit of Units in Excess of Break Even Volume

Sales Price -Variable Cost

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3 0
3 years ago
A multidomestic strategy occurs when multinational firms enable individual subsidiaries to compete independently in domestic mar
solong [7]

Answer: A True

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5 0
3 years ago
In the current year, Tern, Inc., a calendar year C corporation, has $9 million of adjusted taxable income, $300,000 of business
worty [1.4K]

Answer:

correct option is Current year deduction of $3 million, carry forward of $200,000.

Explanation:

given data

adjusted taxable income = $9

business interest income = $300,000

business interest expense = $3.2 million

average gross receipts = $45 million

solution

correct answer is Current year deduction of $3 million, carry

forward of $200,000.  because Business interest deduction limitation

as here Business Interest Income is  $300000

plus + 30%  of $9m

that is = $2700000

so here current year total deduction = $3000000

and Remaining will be allowed next year is  $200,000

5 0
3 years ago
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