Answer:option (e)
None of the above
Explanation:
The mid quarter convention applies to this MACRS calculation.
§ 179 expense $500,000
Additional first-year depreciation= [($650,000 - $500,000) × 0.50]
$75,000 MACRS cost recovery ($75,000 × 0.05) 3,750
Total = $78,750
Income from the business before the cost is recovered is $600,000 less. Therefore, the Total cost recovered;
Total cost recovery= (78,750)
§ 179 business income limitation $521,250
Therefore, Augie's total cost recovery deduction;
= $500,000 + $78,750
= $578,750.
Answer:
$800,000
Explanation:
The total amount received by Ms. Jones (A) is given by the following expression:
Where 'I' is Ms. Jones initial investment, 'D' are cash distributions previously received and 'S' is the cash flow from sales.
The amount received by Ms. Jones is:
She would receive $800,000.
The correct option is A.
Under the allowance method, bad debt expense is recorded FOR AN AMOUNT WHICH THE COMPANY ESTIMATES IT WILL NOT COLLECT.
Allowance method is a method of accounting that is used to estimate the amount of uncollectibles at the end of each financial period. Uncollectibles refers to debts which the company has no hope of ever collecting them again.
Answer: a. Heterogeneity
Explanation:
Heterogeneity refers to the quality of various thing varying in their character and fundamental way of existence. It simply refers to diversity. The Individual Trainers are different people and as such they have different mindsets and ways of doing certain things. As such, they cannot be expected to provide the exact same service. The services they provide will vary but probably not by much.
