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Rainbow [258]
3 years ago
9

A company purchased an asset for $2,900,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The d

epreciation percentage each year is 33.33 percent, 44.45 percent, and 14.81 percent, respectively. What is the book value of the equipment at the end of the project? Hint: Book value = purchase price minus accumulated depreciation.
a. $644,380
b. $214,890
c. $0
d. $1,933,430
e. $2,685,110
Business
1 answer:
faust18 [17]3 years ago
6 0

Answer:

b. $214,890

Explanation:

book value of the equipment

= Cost - Accumulated Depreciation

= $2,900,000*(1- 0.3333- 0.4445- 0.1481)

= $214,890

Therefore, The book value of the equipment at the end of the project is $214,890.

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What is the best place to work during the summer as a 14 year old?
Sladkaya [172]

Answer:

getting a job is fun cuz u can earn mone

Explanation:

7 0
2 years ago
Read 2 more answers
An economy is operating with output $300 billion above its natural level, and fiscal policymakers want to close this expansionar
NARA [144]

Answer:

The government will need to reduce spending by $60 billion

Explanation:

Expansionary gap is defined as a situation where the total output of an economy exceeds its potential output. That is the economy is performing above its long term potential as measured by GDP.

When this occurs the government will need to reduce spending to match output with economic needs.

Marginal propensity to consume is the proportion of an individual's income that is reserved for consumption.

In this case it is 4/5. This means individuals are willing to spend 4/5 of their income on consumption

The amount needed by the economy to meet consumption is:

Amount consumed= (4/5) * 300 billion

Amount consumed= $240 billion

Therefore

Excess cash= 300 billion - 240 billion = $60 billion

The government will need to reduce spending by $60 billion

3 0
4 years ago
. Moss exchanges a warehouse for a building he will use as an office building. The adjusted basis of the warehouse is $600,000 a
jenyasd209 [6]

Answer: The correct answer is " b. $0 and $450,000.  ".

Explanation: First we must calculate the amount for which we change the warehouse ($ 350,000 + $ 150,000) = $ 500,000.

The adjusted base of the warehouse was $ 600,000.

Therefore there is a loss of $ 100,000, which is not recognized because it is not realized at that time in the face of an exchange of such characteristics, the base of the office building must be calculated taking into account the postponed loss:

Fair market value ($ 350,000) + Postponed loss ($ 100,000) = $ 450,000.

8 0
3 years ago
This has nothing to do with School, but How would one go about getting famous on any platforms. outube, Twitch,etc.
noname [10]

Answer:

Making yourself look professional.

Explanation:

If you're making videos on Yt you want to make sure you're not doing things everyone else is doing and be interesting by being talkative/expressive and seeing what people like to watch, especially the demographic you want attention from. Being consistent and uploading daily will make people stick by longer and see if they enjoy your stuff. An important factor is well presenting the videos/content you're posting through thumbnails/Captions and making sure it correlates with what you're doing.

Hopes this helps!

7 0
4 years ago
Augie purchased one new asset during the year (five-year property) on November 10, 2017, at a cost of $660,000. She would like t
Alborosie

Answer:option (e)

None of the above

Explanation:

The mid quarter convention applies to this MACRS calculation.

§ 179 expense $500,000

Additional first-year depreciation= [($650,000 - $500,000) × 0.50]

$75,000 MACRS cost recovery ($75,000 × 0.05) 3,750

Total = $78,750

Income from the business before the cost is recovered is $600,000 less. Therefore, the Total cost recovered;

Total cost recovery= (78,750)

§ 179 business income limitation $521,250

Therefore, Augie's total cost recovery deduction;

= $500,000 + $78,750

= $578,750.

4 0
3 years ago
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