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Alex Ar [27]
3 years ago
8

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman'

s income for the current year before any depreciation deduction was $100,000. Which of the following statements is true to maximize Littman's total depreciation deduction for 2019?
A) Littman should take $179 expense equal to the maximum $1,000,000.
B) Littman should take no $179 expense.
C) Littman's $179 expense will be greater than $100,000.
D) Littman's $179 expense will be less than $100,000
E) None of the choices are correct. de out
Business
1 answer:
n200080 [17]3 years ago
4 0

Answer:

Option C) Littman's $179 expense will be greater than $100,000

Explanation:

Data:

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000

From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.

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Norman is a franchisee of MegaFurnishings, a furniture store. Norman breaches the franchise agreement. The contract states that
pogonyaev

Answer:

d.

Explanation:

Based on the scenario being described within the question it can be said that In this case, MegaFurnishings must give a reasonable time, with notice, to wind up the business. This is a mandatory requirement when terminating the franchisee contract, and is done in order for the franchisee to become aware of the situation and have a chance to take appropriate actions regarding the event.

5 0
4 years ago
Tangshan Mining​ Company, with a cost of capital of 10​ percent, is considering investing in project​ A, with an initial investm
alexdok [17]

Answer:

the breakeven cash inflow for the project is $131474

Explanation:

given data

cost of capital = 10​ percent

initial investment =​ $1,000,000

useful life = 15 year

to find out

the breakeven cash inflow for the project

solution

first we consider here annual cash inflows that is =  x

now break even point is the one at which the net present value of the project  =  0

so we can say that here  

Present value of cash inflows - Present value of cash outflows = 0   .................1

here we know Present value of cash inflows = x  × PVAF ( 10%,15 years)

Present value of cash inflows = x  ×  7.6060

put value in equation 1 we get

x  ×  7.6060 - $1,000,000  = 0

solve and we get x

x = \frac{1,000,000}{7.6060}

x = $131474

so the breakeven cash inflow for the project is $131474

7 0
4 years ago
In the current​ year, PULR Company sold land for $ 81,000 ​cash, purchased a delivery van for $ 22,000 ​cash, and issued common
Trava [24]

Answer:

B, $158,000

Explanation:

Given the following information about PULR in the current year;

Sale of land = $ 81,000 (Increase in cash balance)

Purchase of delivery van = $ 22,000 (decrease in cash balance)

Issued common stock = $ 97,000 (Increase in cash balance)

All cash transactions.

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3 years ago
Will give brainliest
bazaltina [42]

Answer:

B

Explanation:

hope i helped if im wrong sorry;-;

6 0
3 years ago
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Greeley [361]

Answer:

1. The measures that City Bus Risk Manager should take in the risk management process are as follows

Figure out the risk context: In this case, we need to find out which market City Bus is catering to and what sort of service it can provide. The risk manager will take into account what the business requirements are, what are the technical criteria for delivering this service, such as the legal regulations that City Bus has to follow.

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