Answer:
$60,000
Explanation:
According to section 1250 of the Internal Revenue Service, the depreciation previously allowed as a deduction would now be taxed in the case of ordinary income at the highest tax level.
And, For this, the asset should be depreciated real property.
In the question, there is depreciation charged for apartment building so the same is eligible
The eligibility is allowed up to $60,000 and the same is to be considered
Answer:
b. all development cost are expensed as incurred
The reported ending inventory was $43,112 thousand. If FIFO were used exclusively, the ending inventory would have been $6,964 thousand higher than reported, or $50,076 thousand.
Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.
The manufacturer has three types of inventory. There are raw materials (awaiting processing), work in process (processed), and finished goods (preparing for shipment). The LIFO method assumes that the most recently purchased inventory units are sold.
Learn more about inventory at
brainly.com/question/24868116
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The answer is false.
A mandate is a formal order that is given by a higher authority to suggest change. As described in oxford's dictionary, mandate is an official order or commission to do something.
I took the test. The answer is A. Accounts Receivable for $530.
Brainliest please?
