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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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For a 13-person team, how many extra workers should be hired to meet the labor hours needed without overtime
Paha777 [63]

For a 13-person team, The number of extra workers that should be hired to meet the labor hours needed without overtime is 7.

<h3>What is Labor hours?</h3>

This is a term that connote the total hours of workers that are said to be having or getting an hourly wage and they are the ones who are said to be directly employed on the site of a building, public works project, etc.

Note that "Labor hours" is one that entails hours of work that has been carried out  by workers who have been employed by the general contractor or the subcontractors  that are found to be working on the project.

Learn more about labor hours from

brainly.com/question/24868261

8 0
2 years ago
Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 11 ounc
Temka [501]

Answer:

696,325 Pounds

Explanation:

The computation of the direct material purchase budget is given below:

Here we assume that

one pound = 16 ounces

Now total wax needed is

= Production of Finished Goods × Pounds of wax needed for production

= 730,000 candles × 11 ÷ 16

= 501,875 pounds

Now

Total direct material purchased  = (Total Wax needed +  Ending Inventory, Jan.31 - opening inventory) × unit price

= (490,625 Pounds + 12,900 pounds - 17,400 pounds) × $1.40 per pound

= 696,325 Pounds

4 0
3 years ago
Where's the best place for a 17 year old to work at.<br> ps. im 17
mars1129 [50]

Finding the right place to be a waitress at could be really good :) But if you're not too inclined to rely mostly on tips here's a list of good places that have some benefits (free food, flexible schedule, etc.)


  1. McDonalds
  2. Lifeguard
  3. Babysitter
  4. Chipotle
  5. Gas stations (I know someone who works there who says they offer a very flexible schedule)
  6. Gap
  7. Subway
  8. Sonic
  9. Little Cesar's
  10. Rue 21 (or other stores similar to that)
  11. Starbucks (they offer amazing benefits!)
  12. Target
  13. Apple support (I believe they send you a computer and all to be able to work and you also get discounts)

You can find plenty more online. Keep in mind that at 17, you can practically work anywhere! Good luck & hopefully this helped!! :))

4 0
3 years ago
Read 2 more answers
the averge woman makes 75 cents for every dollar a man makes in the workforce. this statisic would fall under which of the follo
photoshop1234 [79]
Men get treated better than women. Men are more superior. Womes Rights
3 0
3 years ago
This year, Yuan started a business selling computer parts both in store and online. He purchased $60,000 of goods during the yea
vesna_86 [32]

Answer:

d $51,000

Explanation:

Ending inventory is the value of the inventory in the store at the end of the year.

Goods are purchased and added to the the beginning inventory, the sale for the period is deducted from it. the residual value is the value of ending Inventory.

In This question it is assumed that there is no beginning inventory of the goods. $90,000 of the purchases were made and at the end of the year there was $9,000 balance of inventory.

We can calculate the deduction value as follw

Ending Inventory = Beginning Inventory + Purchases - deduction

$9000 = $0 + $60,000 - deduction

$9000 = $60,000 - deduction

Deduction = $60,000 - $9,000 = $51,000

4 0
3 years ago
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