Answer:
satisficing
Explanation:
Satisficing is a combination of "satisfy" and "suffice" (or enough). It refers to a situation where instead of trying to reach a completely satisfying solution, you just settle for a relatively good or a so-so solution.
Personally I believe it is something that borders mediocrity, since you should either do something right or do not do it at all. It is like doing something that might work, but not completely.
Answer: See explanation
Explanation:
a. The amount of depreciation for 2017 using financial accounting straight-line depreciation will be:
= $39000 × 8months/5 years
= $39000 × 8months / 60months
= $39000 × 8/60
= $5200
b. The amount of depreciation for 2017 using the straight-line depreciation election will be:
= $39000 × 10%
= $39000 × 0.1
= $3900
c. The amount of depreciation for 2017, including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables will be:
= ($39000/2) + $3900
= $19500 + $3900
= $23400
d. If there is no income limit on the expense election, the amount of depreciation for 2017 including bonus depreciation and the election to expense that Mike can deduct will be:
= $25000 + $7000 + $1400
= $33400
