Answer:
A. $57,000
B. Depreciation rate per mile is $0.19
C. Depreciation is $14,630
Explanation:
a. cost of the truck less the residual value.
Cost of the truck $69,000
Less: Residual value <u>$12,000</u>
$57,000
b. Depreciation rate per mile is computed by dividing cost of the truck less the residual value over the estimated useful life.
$57,000 / 300,000 miles = $0.19
c. Units-of-activity depreciation for the year is computed by multiplying miles driven for the year by depreciation rate per mile.
77,000 miles x $0.19 = $14,630
Answer: No deduction can be claimed this year.
Explanation:
The options to the question are:
a. No deduction can be claimed this year.
b. $5.50 million
c. $2,500,000
d. $5.50 million only if the professional golf tournament is played before April 15.
Answer:
Since Ajax Computer company is an accrual method calender-year tax payer, the computer company would recognize the expenses only when such expenses are incurred and not at the time that cash is being paid for the the expenses
Ajax computer company already paid in advance for both advertisements the following year even though the advertisement eanst taking place that year. Therefore, the payments will not be considered to be an expense until advertisements has actually taken place. Because of this, Ajax cannot deduct the amounts paid for the advertisements next year and hence, no deduction will be claimed this year.
Individual activities and their durations are developed during the planning phase of the project life cycle.
<h3>What is a business plan?</h3>
- A business plan is a document that outlines a company's primary business operations and how it intends to accomplish its objectives.
- Business plans are used by startup enterprises to gain traction and draw in outside investors.
- An executive team can utilize a business plan as an internal roadmap to maintain focus on and progress toward short- and long-term goals.
- Businesses may write a typical business plan that is longer or a lean startup plan that is shorter.
- An executive summary, sections on products and services, marketing strategy and analysis, financial planning, and a budget should all be included in good business plans.
To learn more about Planning, refer to the following link:
brainly.com/question/27989299
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