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Mumz [18]
3 years ago
9

During 2018, businesses may elect to immediately expense up to $__________ of qualified real property placed in service that yea

r under Section 179
Business
1 answer:
alex41 [277]3 years ago
5 0

Answer:

$1 million

Explanation:

Section 179 deduction of the IRS code was enacted to help small business owners take depreciation deductions for certain assets ( capital expenditure I.e. the money spent on acquiring and maintaining fixed assets such as buildings and equipments ) in one year rather than continuous depreciation over a long period of time.

The new law increased the maximum deduction from $500,000 to $1 million.

For example: lets say you buy a computer for your office, under section 179 you can deduct the full cost of your computer in one year. This a very okay because the life span of your computer is short

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Patricia hires Albert to sell Patricia's expensive sports car. Albert agrees on a sale with Zeke, who wants to purchase the car
sergeinik [125]

Answer:Patricia is bound to perform

Explanation:Bound are words applied to the contract entered into, between a master and an apprentice the latter.

to impose legal obligations or duties upon a person or party to an agreement.

6 0
3 years ago
Read 2 more answers
If a company fails to record accrued interest revenue at the end of its fiscal year, all else being equal, what are the effects
Rina8888 [55]

Answer:

Net income: Understated

Total assets: Understated

Total liabilities: No effect

Total stockholders' equity: No Impact

Explanation:

Net income will be understated, because, revenue was not accrued.

Total assets will also be understated, because accrued revenue is not recorded in the current assets, thus total assets will be lowered in total.

4 0
3 years ago
Why is it important for Arnold Palmer Hospital to get a patient’s
dedylja [7]

1. Why is it important for Arnold Palmer Hospital to get a patient’s  assessment of health care quality?

Arnold Palmer Hospital is a big hospital in the U.S. that can accommodate many patients. Even though it caters to many patients, it tries to maintain a good level of service care to every individual. This is mainly done through the patient's assessment of health care quality. With this, <em>the hospital is able to know which areas the patient feels uncomfortable</em> and <em>what improvements in the service they need to address.</em> Since the hospital is focused on the patient, the staffs are trained in order to provide the highest possible quality care.

2. Does the patient have the expertise to judge the health care he or she receives?

Every patient is unique and according to the Arnold Palmer Hospital, every patient has the ability to judge the health care he or she receives. The surrounding in the hospital is patient-focused, so it is just normal that they put a priority on the patient's feedback. This will also allow the hospital to improve the quality of care that is expected from them.

6 0
3 years ago
A social club charters a bus at a cost of $560 to take a group of members on an excursion to Atlantic City. At the last minute,
ANEK [815]

Answer:

40 persons

Explanation:

Given:

Total cost of trip = $560

Number of people Decide not to go = 5 people

raise cost = $2

Assume:

Number of people wants to go = a

Cost per person = b

So, a x b = $560 , b= 560/a

After people decided not to go ,

Total number of people = (a-5)

New cost = (b+2)

So , total cost = (a-5)(b+2) = $560

ab +2a -5b -10 = 560 , where ab = $560

2a -5b = 10

2a -5b = 10

By putthing value of b

2a - 5 (560/a) = 10

2a - (2800 / a) = 10

2a² - 2800 = 10a

2a² -10a - 2800 = 0

a= 40

Total 40 persons wants to go.

3 0
3 years ago
How do you feel about your instructions for using and caring for the mask? Do you think these instructions can help somebody to
Sonbull [250]

The use of a mask as a part of the civic duty of a citizen to prevent the spread of diseases is necessary.

<h3>What is a Civic Duty?</h3>

This refers to the responsibility of a person to care for both himself, his society, and the duties he owes to his country.

Hence, we can see that based on the use of masks during the pandemic, it has helped to limit the spread of the virus and the use of the masks is very easy to do and can be done correctly.

Read more about civic duties here:

brainly.com/question/1594159

#SPJ1

7 0
2 years ago
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