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
valkas [14]
2 years ago
7

On July 10, 2019, Ariff places in service a new SUV that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for busines

s. Determine Ariff's maximum deduction for 2019, assuming Ariff's § 179 business income is $110,000. Ariff does not take additional first-year depreciation.
Business
1 answer:
IceJOKER [234]2 years ago
3 0

Answer:

$34,000

Explanation:

Because the SUV weighs over 6,000 pounds, it is not subject to the statutory dollar limits on luxury automobiles.

Under section 179 expensing (limited to $25,000 for SUVs)

= $25,000

Regular MACRS:

= [($70,000 - $25,000) × 0.20}]

= 9,000

Ariff's maximum deduction for 2019 would be:

= $25,000 + $9,000

= $34,000

You might be interested in
The inflation premium: A. increases the real return. B. is inversely related to the time to maturity. C. remains constant over t
krok68 [10]

Answer:

The answer is E. compensates investors for expected price increases.

Explanation:

Inflation premium arise from  that, investors holding nominal assets

are exposed to unanticipated changes in inflation.

8 0
3 years ago
Tune Products, Inc., offers to sell to Unlimited Sales Company one hundred MP3 players at $50 a piece, subject to certain specif
4vir4ik [10]

Answer:

765445556677778

Explanation:

6 0
3 years ago
At the break-even point:
OlgaM077 [116]

Answer:

D. Contribution margin would be equal to total fixed costs

Explanation:

As we know that

break even point is the point at which the firm is earning no profit or no loss suffered

In equation, it is

Total cost = Total revenues

In addition,

The contribution margin = Sales - variable expenses

Therefore

The contribution margin = Fixed cost = break even point

If we subtract the contribution margin from the fixed cost the amount should be zero which implies the break even point

5 0
2 years ago
Situational leaders are influenced by the ( ) themselves, the decisions, the leader, and the environment
KatRina [158]

Answer:

a

Explanation:

dhdbgbbcgvcbvfgv. vbvcv

7 0
3 years ago
Read 2 more answers
g Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated
jeka94

Answer:

Total overhead for O6 697,933

Explanation:

First, we solve for the activity rates:

\left[\begin{array}{ccccc}$Activity&$Driver&$cost pool&$Total base&$Rate\\Processing&MHS&51000&16240&3.14\\Supervising&batches&31600&1230&25.69\\\end{array}\right]

Then, we apply this rate to the Product O6 base cost driver  values

\left[\begin{array}{ccccc}Activity&base&Allocate O6\\Processing&15600&48984\\Supervising&810&20,809\\Total&&69,7933\\\end{array}\right]

3 0
3 years ago
Other questions:
  • Shankar Company uses a periodic system to record inventory transactions. The company purchases inventory on account on February
    6·1 answer
  • Archoid's Flowering Plants provides the following information for the month of May: Actual Budget Tulips Geraniums Tulips Gerani
    12·1 answer
  • Elin owes Floyd $10,000. Floyd assigns the claim to Gary. Gary does not notify Elin of the assignment. A week later, Floyd assig
    9·1 answer
  • Moon lite cafe has a semiannual, 5 percent coupon bond with a current market price of $988.52. the bond has a par value of $1,00
    6·1 answer
  • MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the c
    13·1 answer
  • Hulse Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 600 shares of Wade common stock (
    10·1 answer
  • 1. Day Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in Year 2 for $120,000. On Decem
    11·1 answer
  • In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 320 units at
    14·1 answer
  • ​A television network decides to run a series of news stories highlighting the need for stronger regulations over gun sales and
    12·1 answer
  • Suppose there is a decrease in the U.S. selling price of Japanese-made cars (a substitute for American-made cars). At the same t
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!