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
slamgirl [31]
3 years ago
14

An asset (not an automobile) put in service in June 2019 has a depreciable basis of $40,000 and a recovery period of 5 years. As

suming bonus depreciation is used, half-year convention and no election to expense is made, what is the maximum amount of cost that can be deducted in 2019?
Business
1 answer:
arlik [135]3 years ago
3 0

Answer:

$40,000

Explanation:

Maximum amount of cost that can be deducted is full amount of $40,000. The maximum amount that can be claimed as bonus depreciation is the cost of the asset under consideration. The percentage of claim might be different and applicable according to announced by the Tax department, but the total amount that a person can claim as Depreciation Bonus is the Total cost of that asset.

You might be interested in
Which of the following is not a disadvantage to inflation targeting?
Irina18 [472]

Answer:

D is the correct option

Explanation:

Enhancement of transparency and reduction of price variability are the two advantages of the inflation targeting. Inflation targeting allows the central bank to maintain low inflation. Low inflation promotes long term growth. Enhanced financial growth and reduction in relative price availability are other benefits of inflation targeting. With inflation-targeting central banks can set long term inflation objectives. Increasing accountability and transparency in monetary policy are other benefits. It also helps to predict inflation maintain price stability

5 0
3 years ago
Which tab provides you options like inserting a table, inserting a shape, or adding Audio/Video?
REY [17]

Answer:

The insert tab

Explanation:

7 0
2 years ago
Your product Belch has an actual market share of 14.2%, and a potential market share of 17.6%. The most likely scenario to expla
jok3333 [9.3K]

Answer: Your budget for sales and promo are excessive, and you reached diminishing returns on your spend.

Explanation:

You can check the options online.

The market share refers to the percentage of total sales that is generated by a company in an industry.

If the potential market share is higher than the actual market share, the reason for this will be due to the fact that the budget for sales and promo are excessive, and you reached diminishing returns on your spend.

5 0
3 years ago
A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per shar
lys-0071 [83]

Answer:

$0, income statement s not affected.

Explanation:

The purchase and resale of treasury stock does not affect the income statement. When a company's treasury stock is resold, additional paid-in capital increases (if the stock were sold at a price above cost) or decreases (if the stock were sold at a price below cost).

5 0
2 years ago
Using the capital asset pricing model (CAPM), Sun State determined that the required rate of return for a capital budgeting proj
ANTONII [103]

Answer:

2.2

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

18% = 7% + Beta × 5%

18% - 7% = Beta × 5%

11% = Beta × 5%

So, the beta would be

= 2.2

The (Market rate of return - Risk-free rate of return)  is also known as market risk premium and the same has applied.

5 0
3 years ago
Other questions:
  • Hilton Hotels wishes to conduct a study on the determinants of brand loyalty among Hilton Hotel customers. The Hilton organizati
    11·1 answer
  • Cash flows to stakeholders of a firm include
    10·1 answer
  • In business, a message written to right a wrong is called a claim. Straightforward claims are those where the receiver is expect
    9·1 answer
  • What commodities are grown for a purpose other than food?
    15·1 answer
  • Due to disagreement between senior interviewers at Calvtipy, a publishing firm, the human resources department gave each of the
    6·1 answer
  • During her speech on malpractice insurance, the head of the local branch of the American Medical Association consistently avoide
    12·1 answer
  • Sidney works as a marketer at a fast-paced company selling handheld barcode scanner tools. Most of the sales had begun online th
    8·1 answer
  • In the long run, the entry of new firms in an industry:
    14·1 answer
  • 5. Refer to the original data. By automating, the company could reduce variable expenses by $3 per unit. However, fixed expenses
    7·1 answer
  • Garner Grocers began operations in 2011. Garner has reported the following levels of taxable income (EBT) over the past several
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!