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
Minchanka [31]
3 years ago
13

On October 15, 2018, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business

use asset Jon acquired in 2018. He used the car 80% of the time for business and 20% for personal use. Jon used the regular MACRS method and does not claim any expense under § 179 or additional first-year depreciation. If required, round your answers to the nearest dollar. Click here to access Exhibit 8.4 and Exhibit 8.5 of the textbook. Click here to access the limits for certain automobiles. a. Is the car eligible for additional first-year depreciation? Yes b. What MACRS convention applies to the new car? Mid-quarter c. Is the automobile considered "listed property"? Yes d. Does the automobile satisfy the "predominantly used for business" definition? Yes e. The total cost recovery deduction Jon may take for 2018 with respect to the car is $
Business
1 answer:
Anika [276]3 years ago
5 0

Answer: Total deduction= $2,528

Explanation:

25000*0.2*0.8=4,000  

Auto maximum = $3,160

Total deduction = 3,160*0.8

Total deduction= $2,528

You might be interested in
If the absolute price of good X is $10 and the absolute price of good Y is $14, then what is (a) the relative price of good X in
Yuri [45]

Answer:

 1X= 5/7Y

1Y= 7/5Y

Explanation:

Relative price of product of X in terms of product Y is the price of product X expressed a fraction of product of Y, that is $10/$14=5/7,and it is expressed in standard terms 1X=5/7Y

The relative price of  product Y in terms of product X is $14/$10=7/5 and also can be expressed in standard format as IY=7/5Y

All in all, product the relative price of product Y seems to be higher than the relative price of product x

8 0
3 years ago
Millions of software programs have been created and have helped to improve the economy. This is an
stich3 [128]

Answer:

Millions of software programs have been created and have helped to improve the economy. This is an

example of___new technology___.

7 0
3 years ago
One of the weaknesses of the direct write-off method is that it
Gennadij [26K]

Answer:

violates the matching principle

Explanation:

The direct write-off method is an accounting method for recognizing bad debts expense arising from credit sales when individual invoices has been identified as uncollectible.

In Accounting, one of the weaknesses of the direct write-off method is that it violates the matching principle.

The direct write-off method is a method of accounting for uncollectible receivables.

5 0
3 years ago
What is the term used to describe the linking of key product or service requirements to process capabilities?
Igoryamba

Answer:

Product or service profiling.

Explanation:

Product or service profiling is the term used to describe the linking of key product or service requirements to process capabilities.

Generally, most organizations and business owners use the product or service profiling strategy to enhance consistency through the identification of their key services or product line and as such are avail the opportunity to select the appropriate process, procedures and techniques to achieve their goals and objectives successfully.

3 0
2 years ago
The idea that investors today compare the returns on bonds with differing times to maturity to see which is expected to give the
Zielflug [23.3K]

Answer:

expectations theory

Explanation:

Expectations theory is defined as the prediction of what short-term interest rates will amount to in future based on the current long-term interest rates on an investment.

The theory suggests or states that "an investor will earn the same amount of interest by investing in two consecutive one-year bond investments that in one two-year bond investment".

Simply put, the theory say that one can invest twice in a one year bond and still make the same interest rate as investing once in a two-year bond.

This theory helps investors to make profits faster and even higher through multiple investments on bonds.

Cheers.

8 0
3 years ago
Other questions:
  • If the same patient has an office visit and the charge is 120.00. the patient has met the annual deductible. if medicare allows
    10·2 answers
  • GoodTimes, Inc. has asset turnover of 0.5 times, a net profit margin of 10% and average total assets of $100, what is its net in
    8·1 answer
  • Allyson Ashley makes jet skis. During the year, Allyson manufactured 90,000 jet skis. Finished goods inventory had the following
    7·1 answer
  • Alfred Zeien, former chairman of Gillette, once noted that his company's Parker Pen unit does not have to develop a special mode
    11·1 answer
  • Which of the following statements about a company’s realized strategy is true? A company’s realized strategy is usually kept sec
    10·1 answer
  • The records of the Dodge Corporation show the following results for the most recent year:
    14·1 answer
  • List the steps of the segmenting and targeting process (put the first step on top). Instructions Choice 1 of 5. Select target ma
    12·1 answer
  • I suggest adding a report button on the profile page, this way you can report the person instead of a single post, yes, specific
    13·1 answer
  • AYO BRAINLY
    12·1 answer
  • The OSHA guidelines that set safety rules for specific equipment, procedures, types of work, and unique work conditions are know
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!