Answer: $1,900
Explanation:
Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.
Theft loss deduction is:
= Fair value -Theft floor limitation - 10% of AGI
= 7,000 - 100 - (10% * 50,000)
= $1,900
The machine's second year depreciation expense is $3,200.
Depreciation is a method that is used to expense the cost of an asset. The units-of-production depreciation method determines the depreciation expense based on the units of goods that the machine produces in a given year.
Unit of production depreciation expense = (unit of goods produced in year 2 / total units the machine can produce) x (cost of the asset - salvage value)
Total units the machine can produce = 1500 + 1250 + 1000 = 3750
(1000 / 3750) x ($15,000 - $3,000) = $3,200
A similar question was answered here: brainly.com/question/15858628?referrer=searchResults
Based on the opening and closing inventories as well as the purchases, the company cost of goods is $138,000.
<h3>What are the cost of goods sold?</h3>
This can be found as:
= Opening inventory + purchases - closing inventory
Solving gives:
= 13,000 + 150,000 - 25,000
= $138,000
Find out more on cost of goods sold at brainly.com/question/24561653.
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Answer:
Can you please put it in english
Explanation:
Answer:
I dont know how this works but did u try 30
Explanation:
I thing bc your saying increase your adding on to soo yeah....
