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Wewaii [24]
3 years ago
5

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.

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The marketing mix factor that represents the value of the product to a customer is price.

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When new entrants into a competitive market have higher costs than existing firms, A. sunk costs become an important determinant
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C.

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3 years ago
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Profitability

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You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifical
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Answer:

a. The Debit column is correctly stated.

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Explanation:

This mistake is an Error of Commission.  It is a problem of arithmetical accuracy, for example, posting to the wrong side of one ledger account.  In this case, the Accounts Payable should have been credited with the amount of $8,650.  As an arithmetic error, it can only be corrected by doubling the affected amount on the Credit side of the Accounts Payable account.

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The number of people finding jobs equals the number of people losing jobs.

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