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vitfil [10]
3 years ago
15

Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer

equipment (five-year property) with a basis of $20,000. Calculate the maximum depreciation expense for the current year (ignoring §179 and bonus depreciation).
Business
1 answer:
Elena-2011 [213]3 years ago
6 0

Answer:

$4,000

Explanation:

The asset's recovery period is 5 years and the half-year convention applies.

Therefore :

$20,000 ×0.20 = $4,000.

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A firm that is considering purchasing a capital budgeting project with a beta coefficient greater than the firm's current beta c
elena-s [515]

Answer:

True

Explanation:

7 0
4 years ago
Annie is working in an organization where her paycheck reflects how many hours she has worked with each paying client. For​ her,
konstantin123 [22]

Answer:

A. Expectancy theory

Explanation:

Expectancy theory asserts that people make certain choices because they are motivated by what they expect the result of their choices will be.

Annie's view of her pay as very fair and motivating is as a result of her desire to work more hours with clients. Meaning her mediation of the outcome or result (number hours spent) motivates Annie.

4 0
3 years ago
For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of
Elden [556K]

Answer:

The amount of sales tax per tire = $3.825

The total sales tax = $2,218.50.

Explanation:

These can be be calculated as follows:

Sales tax per tire = Retail price per tire * Sales tax rate = $85 * 4.5% = $3.825

Total sales tax = Number of tire purchased * Sales tax per tire = 580 * $3.825 = $2,218.50

Therefore, the amount of sales tax per tire is $3.825 and the total sales tax is $2,218.50.

4 0
3 years ago
Molly Mocha employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the
stepan [7]

Explanation:

Accrued salaries expense would be the expense that has been incurred but it is yet to be paid. Precisely, it is the outstanding expense that is unpaid.

The student worked from July 28 (Monday) till August 1 (Friday). The books are closed on 31st July. Thus, the company would record accrued salaries for the last four days of the month i.e., 28th, 29th, 30th and 31st July (Monday - Thursday).

No. of days unpaid = 4

Pay per day = $200

Accrued salaries = $200×4

Accrued salaries = $800

The journal entry to record the accrued salaries would be:

8 0
4 years ago
Many of the larger emerging equity markets (e.g., China, India) Group of answer choices have poor liquidity at present. are more
nataly862011 [7]

Many of the larger emerging equity markets  have poor liquidity at present. As liquidity is very essential for business.

<h3>What are liquid markets?</h3>

A stable economy is one with a large number of buyers and sellers and minimal transaction fees. Based on the asset being bought, the specifics of what creates a market liquid may differ. cash is considered the most liquid assets.

Thus, option A is correct.

For more information about liquid markets, click here:

brainly.com/question/15314991

#SPJ1

8 0
2 years ago
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