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Kaylis [27]
3 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]3 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

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With globalization, early outsourcing efforts were primarily confined to: Group of answer choices health care service activities
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2 years ago
Mae Company sells its product for $12 per unit and has variable costs of $8 per unit. Total fixed costs are $60,000. Suppose var
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Answer:

Effect : Increase in Break Even units by 3,750 units to 18,750 units

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Break even point is the level of activity at which a firm makes neither a profit nor a loss

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