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
Kaylis [27]
4 years ago
10

On February 2, 2019, Alexandra purchases a personal computer. The computer cost $1,800. Alexandra uses the computer 85 percent o

f the time in her accounting business, and the remaining 15 percent of the time for various personal uses. Calculate Alexandra's maximum depreciation deduction for 2019 for the computer, assuming half-year convention and she does not use bonus depreciation or make the election to expense.
Business
1 answer:
goldenfox [79]4 years ago
3 0

Answer:

$306

Explanation:

In order to calculate Alexandra's maximum depreciation without any election to expense or any bonus depreciation, we must calculate the depreciation expense per year:

$1,800 x 20% (accelerated depreciation assuming half year convention for personal property) = $360

now we must multiply by 85% (time she uses the computer for her accounting practice) = $360 x 85% = $306

When we assume half year convention, we are only depreciating the asset by half year regardless of when the asset was purchased. In this case, the MACRS table gives us the following values:

5 years half year convention:

Year 1 = 20%

Year 2 = 32%

Year 3 = 19.20%

Year 4 = 11.52%

Year 5 = 11.52%

Year 6 = 5.76%   the remaining half year

You might be interested in
What do people think about the homeless
zlopas [31]
They've either had crippling addictions, lacked the will to work, disabled, or just went bank rupt from a bad deal.
7 0
3 years ago
Jiminez, Inc., had the following transactions during the month of March 2015. Prepare an income statement based on this informat
vladimir1956 [14]

Answer:

net income     4,385

Explanation:

The income statment will only include revenues and expenses account.

A revenue will be the gain realized from the business main activity or secondary like interst or rental revenues.

While expenses will be the cash erogation or losses iincurred in the business activities, their financing like interest expenses and other.

revenues       9,850

expenses     <u>  5,465   </u>

net income     4,385

The loan is not an expense. It wil lbe the interest it generated but we aren't given with that information

The dividends also aren't an expense they represent the return to the investors.

5 0
4 years ago
The market price of apples is currently rising. in a free-market economy, which is the most likely explanation of this price cha
lana66690 [7]
A free market economy is one in which economic decisions and price of goods and services are guided solely by the aggregate interactions of a country's  individual citizen and businesses, with little intervention from the government. If the market price of apple increases in such an economy, it means that there is a shortage in the market for apples.
5 0
3 years ago
If Sally deposits $1200 per year and the account earns interest at a rate of 4% per year, compounded annually, how much will she
Alex787 [66]

Answer:

$88,382.67

Explanation:

Here is the complete question:

Sally makes deposits into a retirement account every year from the age of 30 until she retires at age 65.If Sally deposits $1200 per year and the account earns interest at a rate of 4% per year, compounded annually, how much will she have in the account when she retires?

To calculate the future value of the annuity, we use this formula: amount x annuity factor

Annuity factor = {[(1+r) ^N ] - 1} / r

Amount = $1200

R = interest rate = 4%

N = number of years = 35

=( 1.04^35 - 1) / 0.04 = 73.652225

73.652225 × $1200 = $88,382.67

I hope my answer helps you

8 0
4 years ago
FARO Technologies, whose products include portable 3D measurement equipment, recently had 36 million shares outstanding trading
erma4kov [3.2K]

Answer:

A. $117 million

B.13%

C. $21.75

Explanation:

B. Calculation to determine How large a loss in dollar terms will existing FARO shareholders experience on the announcement date

Expected Loss= 390*30%

Expected Loss= $117 millions

Therefore How large a loss in dollar terms will existing FARO shareholders experience on the announcement date will be $117 millions

B. Calculation to determine What percentage of the value of FARO’s existing equity prior to the announcement is this expected gain or loss

First step is to calculate the Existing Shares Value

Existing Shares Value =36*$25

Existing Shares Value= $900 millions

Now let calculate the Expected Loss %

Expected Loss % = $ 117/$ 900

Expected Loss % = 13%

Therefore the percentage of the value of FARO’s existing equity prior to the announcement is this expected gain or loss will be 13%

C. Calculation to determine At what price should FARO expect its existing shares to sell immediately after the announcement

Price Per Share: $ 25*(1 - 0.13)

Price Per Share$25*0.87

Price Per Share: $21.75

Therefore what price should FARO expect its existing shares to sell immediately after the announcement is $21.75

6 0
3 years ago
Other questions:
  • Is states and traits are mostly the same thing
    13·1 answer
  • Define quality assurance?
    6·2 answers
  • There is no advantage for politicians who wish to utilize social media as a powerful communication tool. True or False?
    11·1 answer
  • Calvin reviewed his canceled checks and receipts this year for charitable contributions, which included an antique painting and
    11·2 answers
  • What makes somebody an adult? explain
    8·2 answers
  • The Princeville Company placed five (5) orders for Product 12B from Brookston Corporation. Brookston has the following informati
    9·1 answer
  • "An investor expects a return of 14.7% on her portfolio with a beta of 1.13. If the expected market risk premium decreases from
    11·1 answer
  • Careers in the Transportation and Logistics career cluster are
    14·1 answer
  • A state whose fiscal year ends June 30, 2013, had the following transactions and events. For each item, compute how much total e
    10·1 answer
  • a corporation reported cash of $15,800 and total assets of $180,100 on its balance sheet. its common-size percent for cash equal
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!