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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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Alyssa was complaining about her workload before the staff meeting began. Later, when the manager announced that twelve parking
Novosadov [1.4K]

Answer: a. Set ground rules to be followed. b. Ignore conflict so that it will blow over. c. Start meetings promptly. d. Introduce a tentative agenda.

Explanation: All the answers given are correct, but Alyssa should be cautioned around her conduct during the staff meeting.

8 0
3 years ago
Jones Company sells an average of 200 chairs per week, of which 30% are regular chairs and 70% are executive chairs. Regular cha
MissTica

Answer:

Contribution margin per unit: $42.9

Total contribution margin: $8,580

Explanation:

The contribution margin per unit is calculated by calculating the total contribution margin, which is basically the total sales, minus the costs of production, in this cae we have that we sold:

60 regular chairs

140 executive charis

Now the total in sales is:

Regular sales: $6,000

Executive chairs: $23,800

The variable cost of each is:

Regular chairs: $3720

Executive chairs: $17,500

We add up the sales and withdraw from it the total variable cost:

29,800-21,220=8,850

The total contribution margin is equal to $8850.

And the contribution margin per unit is given by dividing the total contribution margin by the number of units sold:

8850/200=  42.9

So the contribution margin per unit is 42.9 dollars.

7 0
3 years ago
Earned value is: Group of answer choices The real budgeted value of the work that has actually been performed to date. The total
murzikaleks [220]

Answer:

The real budgeted value of the work that has actually been performed to date.

Explanation:

Earned value refers to the three primary project success metrics: cost, schedule, and performance. It measures the actual work performed against its budget and schedule. Did the actual work performed corresponds to its work budget and was it performed on time following the schedule? Earned value represents how much of the project's budget has been performed to date, both in monetary and productive terms.

4 0
3 years ago
How has private enterprise strengthened the united states economy?
Marina86 [1]

Answer:

to generate prosperity and produce goods and services that meet people's needs and improve their lives.

Explanation:

Because businesses cannot outgrow the economy of their communities

7 0
3 years ago
Do you think volleyball is stupid yes or no
labwork [276]

Question: Do you think volleyball is stupid yes or no?

Answer: No, because it  is in fact like every other sport there is a winning team and a losing team and both teams have to come up with strategies to win the game. I think that volleyball is a really good sport for both men and woman to play/compete in.

In conclusion I think that volleyball is actually a really good game because by the time you are done playing either you win or you lose you are aready out of energy. So no volleyball is not a stupid game because it is like any other sprt it is a winner and loser game.

I hope this helps :)

8 0
3 years ago
Read 2 more answers
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