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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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The bookkeeper for Wildhorse Co. asks you to record the following accrual adjustments at December 31 in the tabular summary that
dsp73

Answer:

The attached file has the answer required.

Interest on notes payable will be a liability as it is accrued. It will still be accounted from the expenses however.

Services is a revenue stream that was not recorded so it will go to Accounts Receivable and Revenue.

Salaries unpaid will become a liability and an expense in the income statement.  

6 0
3 years ago
What is free trade? A. Trade that is not subject to taxes or fees B. Trade that governments do not interfere with C. Trade with
shtirl [24]

free trade is trade that governments do not interfere with. Governments can impose trade restrictions and tariffs on trade that might inhibit two parties from being able to trade freely.

6 0
3 years ago
Why might a person assume the Mr. White could be doing well financially
defon

\huge\color{purple}{\mathbb{ANSWER:}}

Mr. White was the third and final owner of the talisman in W. W. Jacobs' short story "The Monkey's Paw." He plucked it from the fireplace when the previous owner, Sergeant Major Morris, tossed it there to burn and end the chain of misfortune that came with it. He is motivated mostly by curiosity, since he seems happy with his life and is financially secure.

Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said slowly. "It seems to me I've got all I want."

<h2>Hope it helps!! </h2>
4 0
3 years ago
Jill just made a purchase online. The store that she bought from gave her the option to pay with a check, money order, or credit
Readme [11.4K]

Answer:

The credit card is the most effective method of payment.

Explanation:

The store will not ship the item until the payment is accredited to their account. Because of this, Jill needs to pick the payment  method that have the fastest clear time.

The Check: usually takes about two business days for a deposited check to clear.

Money Order: It depends on the bank. Some banks allow for money orders to be cleared and deposited almost immediately, and some require at least one business day for it to clear.

Credit Card: almost all the time payments can take place immediately.

The obvious choice is Credit Card payment for the instant clear of the funds in the store account.

6 0
3 years ago
The consumer price index is used to a. monitor changes in the stock market. b. monitor changes in the level of real GDP over tim
soldi70 [24.7K]

Answer:

c. monitor changes in the level of wholesale prices in the economy.

Explanation:

The consumer price index is a measure of the variation in the price of products and services offered to consumers in the US market. This is an index that serves to measure inflation or deflation. Through the price index, the Federal Reserve monetary authorities make decisions to warm or slow economic activity.

8 0
4 years ago
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