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IceJOKER [234]
3 years ago
13

Mike purchases a new heavy-duty truck (5 year class recovery property)I for his delivery service on March 30.2019. No other asse

ts were purchased during the year. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations.
the truck has a depreciable basis of $42,000 and an estimated life of 5 years. Assume half year convention for tax.
Calculate the amount of depreciation for 2019 using the straight line depreciation(not the straight line MACRS election)over the truck
's useful life.
Business
1 answer:
zzz [600]3 years ago
4 0

Answer:

i dont know sorry

Explanation:

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Which type of organization uses the form 1065 and schedule k-1?
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3 years ago
The following information is available for Sunland Company.
dmitriy555 [2]

Answer:

                                     Sunland Company

                        Cost of goods manufactured Schedule

                                           For the year ended

Work in progress                                                      15,470

Direct Materials

Raw material                                       22,250

Add: Raw material purchased           <u>154,500</u>

Total raw material available for use  176,750

Less: Raw material inventory             <u>32,850</u>

Direct material used                                               143,890

Direct labor                                                             225,290

Manufacturing overhead                                        <u>183,120</u>

Total manufacturing costs                                                        <u>552,300</u>

Total cost of work in progress                                                  567,770

Less: Work in process inventory                                                <u>18,560</u>

Cost of goods manufactured                                                    <u>549,210</u>

6 0
3 years ago
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