Answer:
Hey
Explanation:
Thanks so much.............
Answer:
Okay, but where is the question or it's free points?
Answer:
d.) $38,000
Explanation:
Given that
Acquired value of the plant = $190,000
Recovery period = 5 years
So according to section 179, the total deduction is limit to the 1 by 5 i.e useful life or recovery period of acquired price or purchase price
So, the amount is
= Acquired value of the plant ÷ recovery period
= $190,000 ÷ 5 years
= $38,000
By dividing the acquired value with the recovery period we can get the maximum deduction
Answer:
The correct answer is True.
Explanation:
According to the nature of the equity accounts, a debit means a decrease in the balances generated within this item for the benefit of the members. On the contrary, a credit means that equity increases.
this reason, there is a total balance of capital for $ 15,000 and another for $ 25,000. If the balance of $ 25,000 is subtracted from $ 15,000, you have to:
Available cash = 25,000 - 15,000 = 10,000.
Sole proprietorship
Partnership
Incorporation
