All categories

3 years ago

During 2017, William purchases the following capital assets for use in his catering business:

Business

1 answer:

mamaluj [8]3 years ago

3 0

Answer:

$21,640.

Explanation:

So, we are given the following data or parameters or information which is going to assist us in solving this question/problem:

=> "New passenger automobile (September 30) = $61,600."

=> "Baking equipment (June 30) = 18,480"

=>" William decides to use the election to expense on the baking equipment (and has adequate taxable income to cover the deduction) but not on the automobile (which has a 5-year recoveryand he also uses the MACRS accelerated method to calculate depreciation but elects out of bonus depreciation. "

=> "Assume he has adequate taxable income."

Therefore, if we are to follow the rules of the Internal Revenue Services, the new passenger automobile that is the depreciable limit = 11,160 - 8000 = 3,160.

Hence, the maximum depreciation deduction = Baking equipment + depreciable limit = 18,480 + 3,160 = $21,640.

You might be interested in

Outdoor Company is located in Kirkland, Washington, where the city and the state have minimum wage laws. Outdoor pays its starti

Mademuasel [1]

Answer: the highest of the minimum wages.

Explanation:

The company will have the pay the minimum wage that is the highest because they are under the authority of all three governments and paying the highest minimum wage would ensure that they automatically follow the minimum wages set by the other two authorities.

For instance; the federal minimum wage is $7.25 per hour, the state minimum wage is $10 per hour and the city minimum is $12 per hour. When the company pays $12 an hour, they would be adhering to the city minimum and automatically adhering to the Federal and State minimums as well.

7 0

3 years ago

Nicole owns and operates two restaurants. The revenue of the first restaurant at time t is f(t) dollars, and the revenue of the

kati45 [8]

Answer:

$F(t)=f(t)+g(t)$ represents the TOTAL revenue at time $t$ .

Explanation:

$f(t)$ is the revenue at the time $t$ at the first restaurant.

$g(t)$ is the revenue at the time $t$ at the second restaurant.

If we want to know the TOTAL revenue at the time $t$ , we would sum these quantities:

TOTAL revenue = $f(t)+g(t)$

So $F(t)=f(t)+g(t)$ represents the TOTAL revenue at time $t$ .

7 0

3 years ago

All of the following must be disclosed on municipal bond trade confirmation EXCEPT: A "In Whole" call dates B For revenue bonds,

Mashcka [7]

Answer:

The correct answer is D. For general obligation bonds, the source of income backing the issue.

Explanation:

There is no requirement to disclose the source of income that supports a general obligation issue because it must be a taxing power. The MSRB requires that the type of income that supports an income bond issue be disclosed, as well as the name of the corporate guarantor of the industrial income bonds. The dates of the calls "in their entirety" must also be disclosed in the customer confirmations, as they may affect the price of the issuance according to the rules of the MSRB (the MSRB requires that if a bond quoted based on performance is negotiated with a premium, and if it is enforceable "in its entirety" on pre-established dates and prices, then the dollar price must be calculated at the date of the call instead of the expiration date, since it is most likely to be called ).

5 0

3 years ago

Which of the following best describes late majority? Select one: a. They are the first to try new products and ideas. b. They li

ratelena [41]

Answer: c. They are skeptical to changes and new ideas.

Explanation:

Late Majority: These are expressively cautious consumers who don't like to take risks and who still have resistance to adopting a new product. They are conservative and only adopt a product when it is already used by the majority consumer.

7 0

3 years ago

A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming s

Artemon [7]

A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming sales meeting is using Coercion type of political behavior.

<h3>What is Coercion behaviour?</h3>

Coercion is the use of threats, especially physical threats, to induce an unwilling action from a party.
It entails a series of coercive behaviors that go against an individual's free will in an effort to elicit the desired response.
Extortion, blackmail, or even torture and sexual assault are examples of these activities.
Coercion occurs when someone is threatened with violence if they refuse to sign a contract.

Elements of Coercive Practices Proof

Damaging, endangering, or threatening to harm.

Both directly and indirectly.

Any party or that party's property.

Unfairly sway a party's course of action.

Learn more about coercion here:

brainly.com/question/14292154

#SPJ4

5 0

2 years ago