Why wouldn’t I type answer right here why u want us text dat number????
Answer:
Option C) Littman's $179 expense will be greater than $100,000
Explanation:
Data:
Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000
From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.
Answer:
Defense, military spendings.
Explanation:
Answer:
Cost of goods sold= $28,900
Explanation:
Giving the following information:
Beginning inventory= 1,550 units at $18
February= 1,800 units at $17
March= 850 units at $19
Xu sells 1,600 units during the quarter.
To calculate the cost of goods sold under LIFO (last-in, first-out) we will use the cost of the last units incorporated to inventory:
Cost of goods sold= 850*19 + 750*17= $28,900
The answer is false because they dont have to answer anything.