1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lilit [14]
3 years ago
12

Weston acquires a new office machine (7-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired

during the year. He does not elect immediate expensing under § 179. He claims the maximum additional first-year depreciation deduction. On September 15, 2018, Weston sells the machine. Determine Weston’s cost recovery for 2017. Determine Weston’s cost recovery for 2018.
Business
1 answer:
Arturiano [62]3 years ago
7 0

Answer:

The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

Explanation:

for 2017:

additional first year depreciation = $75,000*50%

                                                       = $37,500

using 7-year MACRS mid quater converntion, the depreciation % for quater 4 is 3.57%

additional MACRS cost recovery = ($75,000 - $37,500)*3.57%

                                                       = $1338.75

total cost recovery for 2017 = $37,500 + $1338.75

                                              = $38,838.75

for 2018, additional first year depreciation is $37,500

using 7-year MACRS mid quarter convention for next year, the depreciation % fpr quarter 4 is 27.55%

the machine sold in september , so it was used for two full quarters and half third quater

the recovery is computed for 2.5 over 4 quarters of a year

additional MARSC cost recovery = $37,500*27.55%*(2.5/4)

                                                       = $6457.031

total recovery cost for 2018 is $6457.031

Therefore, The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

You might be interested in
A paper company is opening a new facility in Canada to increase its paper production. The company researched Canadian pulp suppl
Alik [6]

Answer: Proposal Solicitation Step

Explanation: There are Eight (8) stages in organizational buying process, and they inculde:

1. Problem recognition

2. Need description

3. Product Specification

4. Supplier search

5. Proposal Solicitation

6. Supplier selection

7. Order

8. Performance review.

The Proposal solicitation step is were selected potential suppliers will be asked to submit a proposal which will include catalogs and other documents that will give them a better advantage than others for review by the selecting company.

4 0
3 years ago
Irene’s Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie’s Ice-cream. If it e
Natalka [10]

Answer:

"Threaten to always accommodate" is the correct choice.

Explanation:

  • As we acknowledge accommodation seems to be the phase wherein we change current understanding in anything other than a sense that new information of interest is integrated.
  • And then we can tell whether Mattie won't try to compromise Irene and will therefore surely consider to "intimidate to accommodate" Irene throughout all times. Accommodate means, for example, introducing a piece of different information about what another person asks mother in some kind of a railway station what it's really. Mother says this is train and starts running on what seems like a device like buses running on roadways.
5 0
3 years ago
The following is the sales budget for Coore, Inc., for the first quarter of 2019: JanuaryFebruaryMarch Sales budget$135,000$152,
ivann1987 [24]

Answer: See explanation

Explanation:

a. . Compute the sales for November.

This will be:

= ($96,000 - $78,800) / 10%

= $17200 / 10%

= $17200/0.1

= $172,000

b. Compute the sales for December.

This will be:

= $78800 / (10% + 30%)

= $78800 / 40%

= $78800 / 0.4

= $197000

c. Compute the cash collections from sales for each month from January through March.

January cash collection:

= ($172000 × 10%) + ($197000 × 30%) + ($135000 × 60%)

= $17200 + $59100 + $81000

= $157300

February cash collection:

= ($197000 × 10%) + ($135000 × 30%) + ($152000 × 60%)

= $19700 + $40500 + $91200

= $151400

March cash collection:

= ($135000 × 10%) + ($152000 × 30%) + ($167000 × 60%)

= $13500 + $45600 + $100200

= $159300

8 0
3 years ago
There are several challenges for an organization that allows employees to work from home. One such challenge is
sdas [7]

One  challenge for an organization that allows employees to work from home is b) it makes job performance appraisal more difficult for managers.

<h3>Job performance appraisal</h3>

The disadvantage from working from home is that it tend to makes it job performance appraisal difficult.

Reason being that  a manager or supervisor will find it hard to review and evaluate the employee performance.

Therefore the correct option  is B.

Learn more about Job performance appraisal here:brainly.com/question/7595736

#SPJ1

Missing options are:

a) reduced productivity for the organization.

b) it makes job performance appraisal more difficult for managers.

c) it reduces the amount of time available for work for the employee.

d) it creates confusion for workers who work at home as to what they are supposed to do and when they are supposed to do it.

3 0
1 year ago
In the mbti, the _____ dimension relates to the manner in which you gather information.
olga2289 [7]
<span>In the MBTI, the sensation/intuition dimension relates to the manner in which you gather information.

The MBTI, is the Myers & Briggs personality test. Each dimension category has a set of questions that are asked to the people taking the test. These dimensions give people their strengths and weaknesses in different categories and a better understanding of themselves and how they can work with like minded and different individuals. </span>
8 0
3 years ago
Other questions:
  • What is the connection, if any, between comparative advantage (CA) and foreign direct investment (FDI)? Nothing. CA has nothing
    10·1 answer
  • U.i designs is an all equity firm that has 40000 shares of stock outstanding. the company has decided to borrow $1 million to bu
    6·1 answer
  • Many years ago G bought a life policy. Since then G decided to replace that coverage with a policy that was purchased firsthand
    11·1 answer
  • 3. Why does the infant mortality rate relate to a country's level of development?
    6·2 answers
  • Annika Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A
    11·2 answers
  • Pete is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. For his wife's birthday, he
    8·1 answer
  • Zachary Corporation produces products that it sells for $18 each. Variable costs per unit are $6, and annual fixed costs are $24
    12·1 answer
  • The following is a condensed version of the comparative balance sheets for Sweet Corporation for the last two years at December
    10·1 answer
  • Assume the current U.S. dollar-yen spot rate is 125¥/$. Further, the current nominal 180-day rate of return in Japan is 3% and 4
    11·1 answer
  • What was seen as a sign of the most power and influence among European nations? industrialism imperialism nationalism militarism
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!