Answer:
$6,000
Explanation:
Since the main the activitity of Carlos' business is dry cleaning services, but not a trade in or business in holding real property, he is only is at risk for $30,000 which is personal money
Therefore, the total of $24,000 will be deducted in the first year while the remaining $6,000 will be deducted in the second year to have a total of $30,000 which is his personal risk.
Therefore, for the second year, Carlos can deduct <u>$6,000</u> of the loss.
Answer: C
Explanation:
Since he turned it down, he must have less money to use with it. There would be no other reason for him to turn it down. Therefore, the project value is negative.
Answer:
sorry if this dosent help
Explanation:
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Managing product managers can be an exciting and rewarding career. But before we jump into the details, here’s one key point that might change your perspective.
Given that: F (Future worth) = $2,500, i (nominal interest rate)
= 0.12, compounded monthly = 12 months, years of investment = 1 year, and no.
of employees = 20. Compute using the annuity formula: A=Fi/(((1+i)^n)-1).
Calculating i = 0.12/12 = 0.01, since it is compounded monthly. Calculating n
(total number of compounding) = 1 x 12 = 12, since year of investment is equal
to 1. Substituting F=2500, i=0.01 and n=12 to the annuity formula, you will get
A=$197.12. Multiply by 20, you will get $3,942.44.
Answer:
The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.
The depreciation for the first 2 years is 4000*2= 8,000
So the book value of the asset is 40,000-8000= 32,000
Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000
To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.
24,000/3= 8,000
The depreciation expense in year 3 would have been $8,000
Explanation:
