<span>d.
Free child care please mark brainly</span>
Answer:
The answer is B. $10,000
Explanation:
Straight-line depreciation method equals:
[Historical cost of the asset - salvage value(if any)] ÷ useful number of years of the asset.
Historical cost of the asset = $33,000
Salvage value = $3,000
Useful life = 3 years
= ($33,000 - $3,000) ÷ 3 years
=$10,000
So the amount of depreciation that will be recorded during 2018 using the straight-line method is $10,000
Answer:
a. "Not deductible"
b. "Not deductible"
c. "Not deductible"
d. "Deductible"
e. "Not deductible"
f. "Not deductible"
Explanation:
Expenses to be deductible ( especially for tax purposes) must pass the WREN test where;
W stands for wholly
R stands for reasonably
E stands for exclusively
N stands for necessarily
Looking at the expenses incurred and paid for by Doug during the year, the $50 ticket for running a red light is not a necessary expense as an adherence to traffic signs would have prevented such an expense. it can also be said that the expense was not reasonably incurred. This also applies to options b and c. Parking at the handicapped space is completely avoidable (necessity test) and as such the $100 would not have been incurred. While the $200 paid to the attorney for representation in court is an offshoot of options a and b. This would not have been incurred if the first two incidences were avoided.
Option c is deductible as the $500 paid is wholly for the business, reasonable, exclusive and necessary. As such, the expense is deductible or allowable. Options e and f are not related to business and are incurred on personal grounds which are avoidable hence, these expenses would not pass the WREN test.
It’s C) The geocentric orientation
I hope this helped out, have a nice day! :)
