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hodyreva [135]
4 years ago
5

Susan purchases and places in service property costing $1,050,000 in 2019. She wants to elect the maximum Sec. 179 deduction all

owed and does not plan to apply bonus depreciation. Her business income is $900,000. What is the amount of her allowable Sec. 179 deduction and carryover, if any? Group of answer choices 179 deduction Carryover $1,020,000 0 179 deduction Carryover $900,000 0 179 deduction Carryover $900,000 $120,000 179 deduction Carryover $900,000 $150,000
Business
1 answer:
9966 [12]4 years ago
4 0

Answer:

d) Sec.  179 deduction $900,000

Carryover  $150,000

Explanation:

The amount of Susan allowable Sec. 179 deduction is $1,050,000 (cost of asset) but it is limited to her business income ($900,000)

Hence,

          Sec. 179 deduction $900,000

                          Carryover  $150,000

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Company A has sales of $500,000, variable costs of $350,000, and fixed costs of $150,000. Company A has ______.
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Company A has: Reached the break-even point  and Company A's contribution margin equals the fixed costs.

<h3>What is break even point?</h3>

Break even point is the point in which a company neither make gain or loss.

Based on the information given company A  has reached the break-even point because there is no gain or loss.

Company A's contribution margin also equals the fixed costs.

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Inconclusion Company A has: Reached the break-even point  and Company A's contribution margin equals the fixed costs.

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Which statement best describes an authoritarian style of communication
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High task-low relationship behavior, initiating a closed presentation

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XYZ Industries makes heavy construction equipment. The standard for a crane calls for 20 direct labor-hours at $24 per direct la
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