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Ierofanga [76]
3 years ago
15

tahir owns and operates a gym. In 2020, he purchased and placed the following new assets into service for his business: March 17

, a $1,700 sound system; July 4, a $500 desk; September 2, a $2,000 computer. He did not opt out of bonus depreciation. What is the total 2020 depreciation for the desk
Business
1 answer:
pav-90 [236]3 years ago
3 0

Answer:

$500

Explanation:

Since the Cost of the desk is $500

Also Tahir did not pt out for the bonus depreciation so in this case the 100% cost to be claimed as the bonus depreciation for the year 2020 with respect to the qualifying assets that are purchased in the year 2020

Hence, the total depreciation for the desk in the year is $500 and the same is to be considered

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Which symbol on a regulatory marker is used to mark a swimming area?
Damm [24]
Orange crossed diamond symbol on a regulatory marker is used to mark a swimming area. This symbol also means for boats to keep out of the area leaving a part of the sea for the swimming area. This symbol also made in a white buoy with black lettered writing "SWIM AREA". This symbol is a common boat terminology which is known worldwide to increase safety for people who do activity nearby or on the sea and beach<span>.</span>
7 0
2 years ago
The dodd-frank wall street reform and protection act stipulated that if more than $1 million is collected, the whistle-blower is
kirill [66]

Question:

The Dodd-Frank wall street reform and protection act stipulated that if more than $1 million is collected, the whistle-blower is entitled to _____ of the monies collected.

A) between 10 and 30 percent

B) a minimum of 50 percent

C) a minimum of 75 percent

D) between 50 and 75 percent

Answer:

The correct answer is A) Between 10 and 30 percent of the monies collected.

Explanation:

The Dodd–Frank Wall Street Reform and Consumer Protection Act (also known as Dodd–Frank) is a US Federal Law that was instituted on July 21, 2010.

It was created to revamp the financial regulation in the aftermath of the Great Recession, and brought about reforms to all federal financial regulatory agencies and almost every part of the nation's financial services industry.

Under the act, whistle blowers were promised 10-30 percent of all monies collected.

Cheers!

7 0
3 years ago
ames Corporation is planning to issue bonds with a face value of $501,500 and a coupon rate of 6 percent. The bonds mature in 10
Yuliya22 [10]

Answer:

The independent cases not given in the question are:

a. Case A: Market interest rate (annual): 4 percent.  

b. Case B: Market interest rate (annual): 6 percent.  

c. Case C: Market interest rate (annual): 8.5 percent.

At 4% issue price is  $583,502.44

At 6% issue price is $501,500.00

At 8% issue price is $433,344.51

Explanation:

The price of the bond can be computed using the pv value formula in excel.

=pv(rate,nper,pmt,fv)

rate is the market interest given in the three cases divided by since the bond is a semi-annual interest paying bond. for example 4%/2=2%

nper is the time to maturity multiplied by 2  i.e 10*2=20

pmt is the coupon  interest receivable by investor semi-annually which is 6%/2*$501,500=$15045

fv is the face value at $501,500

at 4%

=pv(2%,20,15045,501500)

=$583,502.44

at 6%

=pv(3%,20,15045,501500)

=$501,500.00

At 8%

=pv(4%,20,15045,501500)

=$433,344.51

8 0
3 years ago
If you could replace all of the grass in the world with something else, what would it be and why?
dedylja [7]

Answer:

I would replace it with cannabis, everyone is happier when there is green :)

Explanation:

4 0
2 years ago
Read 2 more answers
Which statement is false?
Llana [10]

Answer:

The statement which is false is the no matter that whether perpetual inventory system or periodic system is used by company, but all the companies require to evaluate inventory quantities at the end of the accounting period.

Explanation:

The statement is false because the companies does not require to determine or assess the inventory quantities at each accounting period.

Therefore, the correct option is C.

5 0
2 years ago
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