Answer:
hi your question lacks the options here is the options and the answer
a.
$1,000,000
b.
$200,000
c.
$1,050,000
d.
$1,026,000
e. $210,000
answer : $1026000 ( D )
Explanation:
properties placed in service in 2019 = $1050000
The threshold for the year 2019 under the section 179 = $2550000
Maximum expense/deduction before phase out under the section 179 = $1020000
The depreciable value =$1050000 - $ 1020000 = $30000
The MACRS depreciation half - year convention under 5 years = 20% of depreciable value = 20% * 30000
= $6000
hence the total cost recovery = MACRS + Maximum expense/deduction
= $6000 + $1020000
= $1026000
You would record this transaction into the accounting equation by: increasing cash and decreasing accounts receivable
<h3>
What is accounting?</h3>
Accounting refers to the process of keeping track of a company's financial transactions. Summarizing, analyzing, and reporting these transactions to oversight organizations, regulatory bodies, and tax collection organizations are all parts of the accounting process.
The financial statements that are used in accounting provide a succinct overview of all financial transactions that took place during a given accounting period, including information on a company's operations, financial situation, and cash flows.
One of the essential duties in practically any firm is accounting. In a small business, it might be handled by a bookkeeper or an accountant; in larger corporations, it might be handled by vast financial departments with dozens of staff members.
Management may greatly benefit from the data produced by different streams of accounting, including cost accounting and managerial accounting, in order to make wise company decisions.
Learn more about accounting
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Answer:
a. Corporations generally find it easier to raise large amounts of capital.
Explanation:
Because of limited liabiliy it is easier to raise capital.
