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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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3 years ago
A service contract for a video projection system costs $90 a year. You expect to use the system for three years. Instead of buyi
xenn [34]

Answer:

$245.09

Explanation:

A service contract for a video projection system costs $90 a year. You expect to use the system for three years.

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3 0
3 years ago
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fix
Scorpion4ik [409]

Answer:

Total cost= $385,000

Explanation:

Giving the following information:

Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fixed factory overhead of $28,000 for 8,000 hours of production.

First, we need to calculate the unitary hourly rate for the department:

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6 0
3 years ago
A cost accounting system includes which of the following?
saul85 [17]

Answer:

c. It is used to record costs of selling activities.

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7 0
2 years ago
Read 2 more answers
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