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Gnesinka [82]
3 years ago
10

For purposes of computing depreciation on the taxpayer's home for the home office deduction, the depreciable basis of the home i

s: (a) the taxpayer's adjusted basis in the home at the time it is converted to a home office. (b) the fair market value of the home at the beginning of the tax year. (c) the fair market value of the home at the time it is converted to a home office. the lesser of (a) or (c) the lesser of (a) or (b)
Business
2 answers:
Sergeeva-Olga [200]3 years ago
5 0

Answer:

the best answer for this question is A

Explanation:

AlexFokin [52]3 years ago
4 0

Answer:

d

Explanation:

i worked it out

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Tony’s Market recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 2/10, n/
kap26 [50]

Answer:

Correct option is D

Answer is increased by $ 77232

Explanation:

Effect on Inventory:    

Increase due to purchase $80000  

Decrease due to return   -$1600  

Increase for freight paid  $400  

Decrease for discouont availed -$1568 (78400*2%)

<u>Net Increase in Inventor =$77,232</u>

4 0
3 years ago
Spencer Tools would like to offer a special product to its best customers. However, the firm wants to limit its maximum potentia
pochemuha

Answer:

b. 3,249 units

Explanation:

Step 1. Given information.

Fix costs are 32.000

Depreciation expense 9.700

Contribution margin 9.85

Step 2. Formulas needed to solve the exercise.

Break even point = Fixed cost / contribution per unit

Step 3. Calculation.

Break even point= $32.000/$9.85= 3,248.73 rounded to 3,249

Step 4. Solution.

3.249 units is the minimum number of units to ensure its potential loss does not exceed the desired level

Option B is correct i.e. 3.249 units

6 0
3 years ago
Competition between the firms leads to greater marketing expenses. <br><br> a. True<br> b. False
ss7ja [257]
True. With competition in a market, firms have to compete to stay ahead of the others
5 0
2 years ago
A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles,
Anuta_ua [19.1K]

Answer:

A. $57,000

B. Depreciation rate per mile is $0.19

C. Depreciation is $14,630

Explanation:

a. cost of the truck less the residual value.

Cost of the truck        $69,000

Less: Residual value  <u>$12,000</u>

                                   $57,000

b. Depreciation rate per mile is computed by dividing cost of the truck less the residual value over the estimated useful life.

$57,000 / 300,000 miles = $0.19

c. Units-of-activity depreciation for the year is computed by multiplying miles driven for the year by depreciation rate per mile.

77,000 miles x $0.19 = $14,630

6 0
3 years ago
Security M has expected return of 17% and standard deviation of 32%. Security S has expected return of 13% and standard deviatio
Murljashka [212]

Answer:

0.047424

Explanation:

Given that

Expected return of security M = 17%

Standard deviation of Security M = 32%

Expected return of security S = 13%

Standard deviation of security S = 19%

And, the correlation coefficient = 0.78

So, by considering the above information the co variance is

=  Correlation coefficient × Standard deviation of Security M × Standard deviation of security S

= 0.78 × 0.32 × 0.19

= 0.047424

5 0
2 years ago
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