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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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Niki owns O.K. Oil Corporation. Niki uses O.K.'s funds to pay her personal expenses, creates Pure Fuel Corporation to engage in
Misha Larkins [42]

Answer:

a bonus to Niki for financial maneuvers.

Explanation:

4 0
3 years ago
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $310,000, vari
AnnyKZ [126]

Answer:

The correct answer is $95,100.

Explanation:

According to the scenario, the computation of the given data are as follows,

We can calculate the net operating income by using following formula:

Net operating income = ( Beta margin + Alpha margin) - Non traceable fixed expense

Where, Beta margin = Sales - variable expense - traceable fixed expense

= $310,000 - $155,100 - $71,300

= $83,600

And, Alpha margin = Sales - variable expense - traceable fixed expense

= $620,000 - $339,800 - $133,500

= $146,700

So, by putting the value in formula, we get

Net operating expense = ( $83,600 + $146,700 ) - $135,200

= $230,300 - $135,200

= $95,100

6 0
3 years ago
Bawl purchased ABC bonds on 1/1/21. Data regarding these available-for-sale securities follow: Cost MV December 31, 2021 $100,00
GrogVix [38]

Answer:

Bawl with ABC bonds

The unrealized Gain/Loss reported in OCI of the 2023 Comprehensive Income statement is:

A Loss of $5,000

Explanation:

a) Data and Calculations:

                                           Cost                MV      Unrealized Profit or (Loss)

December 31, 2021        $100,000     $ 91,000        $9,000 (Loss)

December 31, 2022         100,000        111,000        20,000

December 31, 2023         100,000      106,000          5,000 (Loss)

   Available-for-sale Investment

               Debit       Credit

Dec 31   100,000

Loss                         9,000

Dec 31     91,000    

Profit      20,000

Dec 31    111,000

Loss                        5,000

Dec 31  106,000

The Available-for-sale Investment will show a loss of $5,000 in the Other Comprehensive Income of the 2023 Comprehensive Income Statement based on the yearly adjustments to the account with losses and profits.

6 0
3 years ago
1. This problem asks about opportunity costs in different situations. a. You get a jump on your holiday shopping in July and buy
AleksandrR [38]

Answer:

the $400 you would have earned if you sold the toy

Explanation:

Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If you didn't give the toy to the child, you could have sold it for $400. Selling the toy is the next option and thus, it is the opportunity cost

7 0
3 years ago
The total product curve: a. will become flatter as output increases if there are diminishing returns to the variable input. b. w
Vinvika [58]

Answer:

B) Will become flatter as output increases if there are diminishing returns to the variable input

Explanation:

8 0
3 years ago
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