Answer:
The question is not quiet clear? Would you explain a bit more please?
The Modified Accelerated Cost Recovery System (MACRS) is used for tax purposes.
<h3>What is depreciation?</h3>
Depreciation refers to the devaluation in the value of the tangible assets after a particular period of time. When the depreciation value of the assets becomes zero or negative. It becomes outdated or obsolete.
Modified Accelerated Cost Recovery System is the system introduced by the United States which is the tax depreciation system used to estimate the value of the assets depreciated.
Initially, it was introduced to attract the investors to invest in the depreciating assets. the benefit of this system is that it gets higher tax exemptions.
Learn more about devaluation here:
brainly.com/question/1457256
#SPJ1
Answer:
its demand increases and when the price of a commodity rises,
Explanation:
demand decreases other things remaining constant.
Answer:
The amount might exclude $18,200 from the Gross Income.
Explanation:
The gross income is the amount which the person earn or gain before anything is taken out or deducted for the taxes or the other deductions.
So, in this case, the Gross income is as follows:
The person received the scholarship worth $28,000, out of which he spend $16,800 on tuition, %5,600 on room, $4,200 for the personal expenses and $1,400 on books and supplies.
From all the expenses which will be excluded from the Gross Income are the amount of fees and the amount spent on books and supplies as these are required for the course.
So, the amount which is excludable from Gross Income is:
Amount which is excludable = Tuition + books
= $16,800 + $1,400
= $18,200
Identifying a target strategy
