Answer:
Date of assets placed in service is used as starting date for depreciation calculation. The office property is ready to use on August 4, 2020
The building is a non-residential property, so MACRS table for the type of property will be used
Depreciation Base $3,600,000
Cost recovery rate per table 0.963%
Cost recovery deduction for 2020 $34,668
Depreciation Base $3,600,000
Cost recovery rate per table 2.564%
Cost recovery deduction for 2020 $49,998
Answer:
a. Brad might be allowed to deduct up to $25,000
or Brad may be allowed to deduct the loss if he works more than 750 hours as a material participant in connection with the townhouse complex and more than half of personal service.
b. The reduction is equal to 50% of AGI in excess of $100,000. The deduction will be phased out completely if AGI reaches $25,000
Explanation:
Adjusted Gross Income is the final taxable income after all the allowable deductions are adjusted in the income. A tax payer can deduct up to $25,000 for the passive losses. This is standard deduction which Brad can deduct from the income.
Answer:
The best answer would be (B) shipping manifest and invoice.
Explanation:
Shipping manifest and invoice are the best written document to be shown in a project in the context of examples to be displayed to an audience. A presentation script, option (C), contains what the presenter wants to say and is not suitable to be presented through the projector. Option (A) is too confidential to be shown to a large audience. Option (D) is incorrect since a handwritten message would not be suitable to be shown through a projector because people might have problems in reading it.
This is false that A retired couple can probably bear more risk in their portfolio than a young investor with a secure job.
The five years just prior to and five years following retirement are known as the "retirement risk zone," and during this time a retirement portfolio is most vulnerable to market downturns. Your capacity to retire comfortably could suffer long-term consequences if the value of your portfolio drops during this period.
The most frequent hazards associated with retirement are personal, health, financial, policy changes, house loss, and others. Outliving savings and losing purchasing power owing to inflation are two of the more prevalent problems.
Market risk is the largest risk for young investors. The risk that prevents the majority of would-be investors from actually investing is possibly their fear of price swings. Price changes have an impact on the pricing of securities, commodities, and investment fund shares.
Savings accounts, short-term CDs, and money market funds can all offer security and liquidity for your unused assets. Your individual financial position will determine how much you put in these investments, but most financial experts advise retaining enough to pay for at least three to six months' worth of living expenses.
To know more about retirement risk refer to: brainly.com/question/2118705
#SPJ1
Answer:
a. summarizes the operating, financing, and investing activities of an entity
Explanation:
The statement cash flows is a part of the financial statement that shows how much cash was generated or used by the company in its operating, investing and financing activities.
It shows the movement between the opening cash balance and the cash balance at the end of the period as a result of the operating, investing and financing activities of the company.