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
Andreas93 [3]
4 years ago
6

Quanti Co., a calendar-year taxpayer, purchased small tools for $5,000 on December 21, Year 1, representing the company’s only p

urchase of tangible personal property that took place during Year 1. Assume Quanti Co. does not want to take §179 or bonus depreciation on the tools. On its Year 1 tax return, how many months of MACRS depreciation may Quanti Co. claim on the tools?
1. one month
2. none
3. one and a half month
4. six months.
Business
1 answer:
Jlenok [28]4 years ago
6 0

Answer: Option A is the right answer

Explanation:  Evidences in most cases has shown that MACRS  is all about applying convention for one and a half year on assets. So when an entities owns 35-40% of an asset in forth quarter, Mid quarter convention will  be applied for only one half of the last quarter, logically one and half month in the last quarter.

You might be interested in
Which of the following is a benefit of direct and digital marketing for​ buyers?
makvit [3.9K]
<span>Benefit of direct and digital marketing for​ buyers is that it is easy, convenient and private. 

Direct digital marketing (DDM) uses email, websites and mobile services to connect content with their users. This is a private, direct and easy way for companies to share their information directly with the consumer that it is intended for. This is similar to plan direct marketing mailing their information, just electronically. 
</span>
3 0
4 years ago
The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $125 per share for months, and you believ
Bezzdna [24]

Answer:

The price of a 6-month call option on C.A.L.L. stock is $13.52

Explanation:

According to the given data we have the following:

P = Price of 6-months put option=$10.50.

So = Current price=$125

X = Exrecise price=$125

r = Risk free interest rate= 5%

T = Time 6 months = 1/2

In order to calculate the price of a 6-month call option on C.A.L.L. stock at an exercise price of $125 if it is at the money, we would have to use the formula of put-call parity as follows:

C=P+So- (<u>   X   )</u>

              ( 1+r)∧T

C=$10.50+$125-(<u>$125   )</u>

                            (1+0.05)∧1/2

C=$135.5-121.98

C=$13.52

The price of a 6-month call option on C.A.L.L. stock is $13.52

3 0
3 years ago
The price of cigars is $10, with a quantity demanded of 1,000 per day. If the price increases to $12, the quantity demanded decl
saveliy_v [14]

Answer:

PED = - 1

Explanation:

The PED or price elasticity of demand measures the sensitivity of quantity demanded to changes in price level. It is calculated by taking the percentage change in quantity demanded, which results from a change in price level, and dividing it by the percentage change in price level.

PED = percentage change in Quantity demanded / Percentage change in price

PED = [(800 - 1000) / 1000]  /  [(12 - 10) / 10]

PED = - 1

8 0
3 years ago
Why is it important to honor veterans
Umnica [9.8K]
According to reference.com "It is important to continue honoring veterans because it is a way of acknowledging the sacrifices they have made while serving their country. Without the service of veterans, Americans may not have the freedoms they do today."
8 0
3 years ago
Read 2 more answers
Chance Co., the parent of a US-based MNC, uses fundamental forecasting to estimate future values of exchange rates. Suppose that
Ghella [55]

Answer:

d. An increase in the value of the pound by 0.6 percent

Explanation:

Given :

Regression equation :  $e_{bp}=b_0+b_1Inf_t+\mu_t$

Change company estimates that $b_0$ to be 0.0 and the value of $b_1$ to be 0.6.

Now, ebp = 0.6 x inf + μt     ----------------- $b_1=0.6$

When Inf = 1 (assume that the error term is 0)

ebp = 0.6 x 1 = 0.6

That is it is an increase in the value of pound by 0.6% with the one unit increase in the $Inf_t$.

Therefore, option (d) is correct.

6 0
3 years ago
Other questions:
  • the market price of a bond is 875.00. the bonds have a 4.25% coupon rate paid annually and mature in six years. what is the yiel
    9·1 answer
  • In order to assure better management acceptance, the flow of input data for budgeting should begin with the
    9·1 answer
  • Planning, organizing, leading, motivating, and controlling make up the
    8·1 answer
  • In one test before product launch, customers try a sample product and are then surveyed to understand whether they would buy/use
    15·1 answer
  • Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed
    13·1 answer
  • In _____ planning, frontline managers usually focus on routine tasks such as production runs, delivery schedules, and human reso
    9·1 answer
  • Merriweather's has a policy of increasing its annual dividend by 1.75 percent each year. How much will one share be worth five y
    15·1 answer
  • From 2006 to 2010, per capita real gross domestic product (GDP) in Japan grew an average of 0.46 percent per year. At that rate,
    15·1 answer
  • A foreign currency ________ gives the purchaser the right, not the obligation, to buy a given amount of foreign exchange at a fi
    13·1 answer
  • ikes to see all the facts before making a decision. he does not appreciate it when his team members try to push or persuade him
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!