Making decisions are always an important part. But failure in making decision may cause something unexpected. in most of the time a right decision at right time helps a lot... so for making a good decision one should follow some steps- like what are the good aspect if someone take this decision and what are the negative impact of this decision and if the probability of positiveness is more... than one should take that decision.. and if someone have confusion between what to do? and have to decide which decision to take among many ideas in mind one should do the same steps but this time he/she should write them in a page for each decision a single page and than take the one which is prominent..
Answer:
The answer is: Gail's § 179 deduction for 2019 is $145,000
Explanation:
§ 179 of the IRS Code, allows taxpayer to either:
- deduct the cost of certain types of property from gross income taxes as an expense
- allow the cost of the property to be capitalized and depreciated.
If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000
Answer:
sign a contract with the contractor that includes the project start date and payment plan.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Hence, before work can begin on the project, the customer must sign a contract with the contractor that includes the project start date and payment plan.
Answer:
The amount of factory overhead to be allocated to each unit using direct labor hours.
Handbag = $4.3 / unit
Moccasins = $2.55 / unit
Explanation:
Predetermined Overheads rate
Cutting = 80,000 / 100,000 = $0.8 / labor hour
Sewing = 280,000 / 160,000 = $1.75 / labor hour
Overheads Allocation
Handbag
Cutting = 1 x 0.8 = $0.8
Sewing = 2 x 1.75 = $3.5
Total Per unit overhead allocation = 0.8+3.5 = $4.3 / unit
Moccasins
Cutting = 1 x 0.8 = $0.8
Sewing = 1 x 1.75 = $1.75
Total Per unit overhead allocation = 0.8+1.75 = $2.55 / unit