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SVETLANKA909090 [29]
3 years ago
10

In 2018, Gail had a § 179 deduction carryover of $30,000. In 2019, she elected § 179 for an asset acquired at a cost of $115,000

. Gail's § 179 business income limitation for 2019 is $140,000. Determine Gail's § 179 deduction for 2019.
Business
1 answer:
Colt1911 [192]3 years ago
8 0

Answer:

The answer is: Gail's § 179 deduction for 2019 is $145,000

Explanation:

§ 179 of the IRS Code, allows taxpayer to either:

  • deduct the cost of certain types of property from gross income taxes as an expense
  • allow the cost of the property to be capitalized and depreciated.

If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000

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<h3>What does us Treasurer do?</h3>

The Treasurer of the United States has direct oversight over the U.S. Mint, the Bureau of Engraving and Printing and Fort Knox and is a key liaison with the Federal Reserve. In addition, the Treasurer serves as a senior advisor to the Secretary in the areas of neighborhood development and public engagement.

<h3>Why is it referred to as a Treasurer?</h3>

Originally the phrase referred to the individual in charge of the treasure of a noble; however, it has now moved into wider use. In England at some stage in the seventeenth century, a function of Lord High Treasurer was used on a number of events as the 0.33 remarkable officer of the Crown.

<h3>What is the electricity of treasurer?</h3>

He is the individual accountable for controlling monetary complications, making reports, recording finances, and managing the have confidence financial institution accounts.

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1 year ago
The weighted average cost of capital is determined by Blank______. Multiple choice question. multiplying the weighted average af
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The weighted average cost of capital is determined by dividing the weighted average after-tax cost of debt by the weighted average cost of equity. Option C. This is further explained below.

<h3>What is WACC?</h3>

Generally, A company's WACC is determined by calculating the cost of each kind of capital (debt and equity) by the market value weight assigned to that source of capital, and then summing the results.

In conclusion,  It is calculated by dividing the weighted average after-tax loan costs by the weighted average equity costs, and the weighted average cost of capital is the result.

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2 years ago
The people who work to produce goods and services are called what?
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Answer:

Nice Peolple

Explanation:

Because They Work Hard ⇔∑∑⊃⇵βΔ

5 0
3 years ago
g You currently hold an inflation-indexed bond, which pays out real coupons of 10% per year, starting one year from now. The bon
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Answer:

$618 dollars

Explanation:

The beginning face value will be our starting position: $600

Then, we have a 2 percent increase over the next three years

this makes for a principal at maturity of:

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This makes each coupon return in coins to also increase over time as, they are calcualted based on the adjusted face vale. This method iguarantee the 10% return on the bond regardless of inflation during the period.

3 0
3 years ago
Davenport Inc. offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can recei
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The single sum at the employment date would make her indifferent between the two options is: $72,867.

<h3>Single sum at the employment date</h3>

Using this formula

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Single sum=$30,000+($50,000/(1.08)²)

Single sum=$30,000+($50,000/1.1664)

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Single sum= $72,867

Inconclusion The single sum at the employment date would make her indifferent between the two options is: $72,867.

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