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
Stella [2.4K]
3 years ago
7

Sid purchased an automobile for personal

Business
1 answer:
Aloiza [94]3 years ago
8 0

Answer:

Part A. $1200

Part B. $1200  

Explanation:

Part A.

Under MACRS rules, the depreciation rate for the 5 year recovery period asset would be:

Year 1    20%

Year 2   32%

Year 3   19.2%

Year 4   11.52%

Year 5   11.52%

Year 6   5.76%

This means that the first year MACRS depreciation deduction would be 20% which is $1200 ($6000 * 20%).

Part B.

If Sid does not elect Section 179 expensing then the depreciation would be calculated using straight line basis.

The depreciation would be:

Depreciaiton Expense = $6000 / 5 Years life   = $1200

You might be interested in
Mrs. Cox, a head of household, earned a $313,000 salary and recognized a $29,300 net long-term capital gain this year. Use Indiv
SCORPION-xisa [38]

Explanation:

. $4,395 ($29,300 long-term capital gain × 15%)

6 0
3 years ago
A zero-sum situation is a situation in which individuals are so linked together that there is a positive correlation between the
pashok25 [27]
The answer is "false"
3 0
3 years ago
"Budget deficits should be avoided, even if the economy is below potential, because they reduce saving and lead to lower growth.
bixtya [17]

Answer:

the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.

Explanation:

"Budget deficits should be avoided, even if the economy is below potential, because they reduce saving and lead to lower growth." This policy directive follow the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.

<u>The reason is that in the short-run, deficits offer economic solutions by being an antidote to recessions, hence they could be a strategy of recession management in the short run</u>

<u>However in the long-run, deficits are not advisable as they could lead to debts because the major way to manage such deficits is by external borrowings. </u>

<u />

5 0
3 years ago
A firm practicing unrelated diversification can make better capital allocations to its subsidiary businesses than the external c
Maslowich

Answer: C. the firm can acquire other firms with innovative products instead of allocating capital to research and development

Explanation:

Unrelated Diversification is regarded as a diversification which takes place when a company adds an unrelated product to its business. For example, when an television manufacturer enters into a clothing business.

A firm practicing unrelated diversification can make better capital allocations to its subsidiary businesses than the external capital market can for all the following reasons except when the firm can acquire other firms with innovative products instead of allocating capital to research and development.

7 0
3 years ago
Hi guys um so i need help with ur mom lol hahahaha
Montano1993 [528]
Really you just gonna spam me unbelievable...-_-
8 0
2 years ago
Read 2 more answers
Other questions:
  • You are trying to decide whether you should go to college. To help decide, you compare what you would sacrifice to go to college
    13·1 answer
  • Tgif. chris and terry have been trying to live within their budget but miss going out to dinner on friday nights. they decide no
    6·1 answer
  • In her work at Powered Solutions, Angelica helps business clients identify, organize, and analyze data from social media sources
    14·1 answer
  • Assume that you plan to buy a share of EMA stock today and to hold it for 3 years. You expect to receive a dividend of $3.00 at
    11·1 answer
  • An allocation system that uses departmental overhead allocation rates is more refined than one that uses a plantwide overhead al
    15·1 answer
  • Creating a budget is about your wishes and hopes for what you want your income to be.
    9·1 answer
  • If you were thinking about investing in the securities market, would you prefer individual stocks, mutual funds, or ETFs? Explai
    8·1 answer
  • The intersection of the aggregate demand and aggregate supply curves determines ______. Multiple choice question. the equilibriu
    11·1 answer
  • Why do many people have a fraught relationship with money?
    15·1 answer
  • 1. Which of the following is an asset?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!