Answer:
$1,728
Explanation:
To reach maximum depreciation expense we simply first compute the depreciation which is shown below:-
Depreciation = Purchased computer × Depreciation Rate
= $30,000 × 11.52%
= $3,456
Refer to the MACRS Table 1
Maximum depreciation expense = Depreciation × Half year convention
= $3,456 × 50%
= $1,728
Here we considered half year convention of equipment.
Answer:
Crucial or important?
Explanation:
Tell me if there's anything else to the question but I would say that it is very important to convince a person with understanding or appeal.
The percentage profit = 18%
A profit is made on sale with selling price more than the purchasing price. The purchasing price is also known as the cost price.
Given the selling price = $225000
and the purchasing price = $190000
Since the selling price is more than the purchasing price, there is obviously a profit gained.
Now profit amount = Selling price - Purchasing price
= 225000-190000 = $35000
Profit percentage = (Profit / Purchasing price) x 100%
= (35000 / 190000) x 100%
= 18.42%
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