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madam [21]
3 years ago
15

A taxpayer places a $50,000 5-year recovery period asset in service in 2016. this is the only asset placed in service in 2016. a

ssuming half-year convention, no immediate expensing, what is the amount of bonus depreciation
Business
1 answer:
Charra [1.4K]3 years ago
8 0
50,000×5=250,000
250,000÷4=625,000
250,000-625.000=375.00
Sum=375.00
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The money that clients owe your business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, which includes bills from clients for goods or services provided to them on credit.

Accounts receivable are a debit on a trial balance until the client pays. Once the customer has paid, you will debit your cash account and credit accounts receivable because the funds are now in your bank and are no longer owing to you. On your trial balance, the concluding balance of accounts receivable is typically a debit.

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7 0
1 year ago
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Answer:

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8 0
3 years ago
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