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Levart [38]
3 years ago
6

Rex's Wrecks purchased $1,251,000 in new equipment during 2019. Rex wants to use Section 179 to expense the maximum amount of th

e purchase. If Rex is not using bonus depreciation, how much will Rex get to expense under Section 179 and what will be the adjusted basis of the assets for calculating MACRS depreciation expense?
Business
1 answer:
lana66690 [7]3 years ago
6 0

Answer:

Rex can expense up to $1 million under § 179, and the remaining $251,000 will be the adjusted basis subject to MARCS.

Explanation:

The Tax Cuts and Jobs Act (TCJA) of 2017 increased the maximum amount that could be deducted under § 179 from $500,000 to $1 million.

§ 179 allows businesses to deduct the cost of tangible personal property as an expense instead of applying depreciation methods. It is mostly used by small businesses especially when they purchase new machinery and equipment.

By using § 179 businesses save money since the value of money changes over time, and one dollar saved today is worth more than one dollar saved tomorrow.

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$ 7.5 million

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A conventional peg refers to. Multiple Choice where the exchange rate remains within a narrow margin of 2 percent relative to a
Trava [24]

A conventional peg refers to when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows.

for better understanding lets explain what conventional peg means

  • conventional peg as related to when country formally (de jure) pinpoint their own currency at a fixed rate to the currency of another said country example is, from the currencies of major trading or financial partners and weights showing on the distribution of trade in different geographical zones
  • The known backbone or anchor currency or basket weights are public or notified to the IMF and a country authorities are able to maintain the fixed parity through direct intervention

From the above, we can therefore say that the answer A conventional peg refers to when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows is correct.

learn more about exchange rates from:

brainly.com/question/21384395

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3 years ago
Which careers require a person to find independence in working alone?
lakkis [162]

Answer:

Visual Arts??

Explanation:

When they work on every visual art project, the artists want to be isolated and away from anyone. Few examples of visual artwork are architecture, craft, painting, and photography, and a lot more can be applied to this category. In any situation, though the artist likes solitude and being alone since it means that they are closer to nature, and can therefore rely more on their work that can be ruined by even the slightest flaw.

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AVprozaik [17]

Answer:

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Correspondingly even massive transnational companies have influence because of their sturdy political association, media backing, generous market portion and client base, Depending concern in minds of state because of their disappointment if any which might cause common negative consequences, but this power is proscribed once direction sees various players UN agency cn additional such massive companies.

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3 years ago
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kaheart [24]

Answer: Please refer to the explanation section

Explanation:

The question incomplete we are required to differentiate events that will shift the demand curve of Boston Lager to the left and events that will not shift the demand curve but the events are not provided in the question. however because it is clear what the question requires i will list Events that cause a shift in the demand curve and events that will not shift the demand curve.

events that will shift the demand curve of Boston Lager to the left

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events that will NOT shift the demand curve of Boston Lager

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