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
djverab [1.8K]
3 years ago
14

) In April of 2019, Mike acquired a machine for $30,000 to use in his business. It is the only plant asset he purchased this yea

r. The machine is classified as 5-year property. Mike does not expense the property under Sec. 179 or bonus depreciation. Mike's depreciation on the machine for 2019 is
$3,000.

$6,000.

$12,000.

$15,000.
Business
1 answer:
yan [13]3 years ago
7 0

Answer:

Option $6,000

Explanation:

Data provided in the question:

Cost of the machine acquired = $30,000

Classified useful life = 5 years property

Now,

The MARCS rate for 5 years property, the depreciation rate is 20%

Therefore,

The depreciation for the year 2019 will  be

= 20% of the Cost of the machine acquired

= 0.20 × $30,000

= $6,000

Hence,

Option $6,000

You might be interested in
Xavier and alex plan on retiring 27 years from today. at that time, they plan to have saved the same amount. javier is depositin
hammer [34]

The amount by which Alex's deposit amount vary from Javier's if Alex also makes a deposit today, but earns an annual interest rate of 6.2 percent is $3381.39.

<h3>How to calculate the value?</h3>

We use the formula:

A=P(1+r/100)^n

where

  • A=future value
  • P=present value
  • r=rate of interest
  • n=time period.

Hence future value Javier will be:

=$15000*(1.052)^27

=$58,954.40

For Alex:

58,954.40=P*(1.062)^27

P=58,954.40/(1.062)^27

=$11618.61

Hence difference will be:

=15000 - 11618.61

= $3381.39

Learn more about interest on:

brainly.com/question/2294792

#SPJ1

3 0
1 year ago
What are cash flow financing activities
spin [16.1K]

Answer: Cash flow from financing activities (CFF) is a section of a company's cash flow statement, which shows the net flows of cash that are used to fund the company. Financing activities include transactions involving debt, equity, and dividends.

Explanation:

7 0
2 years ago
Which consideration must be addressed when deciding for whom to produce?
olga nikolaevna [1]
Since there is no options provided, it could be :

- The price of your products compared to your target's level of income

- The Rules and law that exist in your area

- The amount of competitors that exist

- The distribution factors, how easy is it to deliver your product to your targets
8 0
3 years ago
Read 2 more answers
Your boss asks you to compute the company's cash conversion cycle. looking at the financial statements, you see that the average
EleoNora [17]
<span>Cash conversion cycle is an efficiency ratio which measures the number of days for which a company’s cash is tied up in inventories and accounts receivable. It is aimed at assessing how effectively a company is managing its working capital. Formula Cash Conversion Cycle = DSO + DIO – DPO Where, DSO is days sales outstanding = Average Accounts Receivable × 365 ÷ Credit Sales DIO is days inventory outstanding = Average Inventories × 365 ÷ Cost of Goods Sold DPO is days payables outstanding = Average Accounts Payable × 365 ÷ Cost of Goods Sold DSO=(97,900*365)/324,000=110.2 DIO=(126,300*365)/282,000=163.5 DPO=(115,100*365)/282,000=149 Cash Conversion Cycle = DSO + DIO – DPO Cash Conversion Cycle = 110.2+163.5-149=125(Approx)</span>
7 0
3 years ago
Home and Foreign produce two​ goods, flowers and soybeans. Home exports the labor intensive flowers and Foreign exports the land
Anit [1.1K]

Answer:

guy who is this and what is the cow ate grass and died in the middle of the night

7 0
3 years ago
Other questions:
  • Who owns the alcoholic beverages of a private club answer?
    8·2 answers
  • Should a company alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the compa
    14·1 answer
  • The payroll register of Charbroil Company indicates $1,200 of social security tax withheld and $300 of Medicare tax withheld on
    15·1 answer
  • What is a way to protect your social security number and other sensitive information from identity theft
    6·2 answers
  • Which of the following groups on the Home tab contain commands to format text as a bulleted or numbered list?
    7·1 answer
  • 16. Which Response core capability involves ensuring the capacity for timely communications in support of security, situational
    9·1 answer
  • Rooftop International, Inc. buys insurance against host government takeover when investing in foreign countries. This is an exam
    13·1 answer
  • Country A has great expertise in the production of planes and produces a large quantity of planes while country B has expertise
    12·1 answer
  • What is a disadvantage about buying a home?
    14·2 answers
  • Your company has developed and implemented countermeasures for the greatest risks to their assets. However, there is still some
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!