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Rasek [7]
3 years ago
6

Ethan's Eggroll House, a calendar year corporation, purchased a new computer and printer in January for $1,500. In February, the

business purchased a new oven for $1,200. No other assets were purchased during the year. How much depreciation will be taken on these items in the current year if the taxpayer does NOT elect to use Section 179 and does NOT use bonus depreciation
Business
1 answer:
jeyben [28]3 years ago
5 0

Answer:

$300 computer; $171 oven

Explanation:

Ethan's Eggroll House

Life of computer is 5 years and the rate used is 20%

Life of oven is 7 years and the rate used is 14.29%

Depreciation

Computer

= $1500 x 20%

= $300

Oven

= $1200 x 14.29%

= $171

Therefore the amount of depreciation that will be taken on these items in the current year if the taxpayer does NOT elect to use Section 179 and does NOT use bonus depreciation is : $300 computer; $171 oven

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7 0
3 years ago
An online clothing boutique decides to install a web or Internet cookie in the browser of each user who visits its site. The pur
____ [38]

Answer:

a practice that may have longer term implications on the ethics of personal privacy

Explanation:

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6 0
3 years ago
Sarah purchased a stock one year ago at a price of $32 a share. In the past year, she has received four quarterly dividends of $
alexdok [17]

Answer:

$6.

Explanation:

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3 years ago
40. If you could live anywhere, where would it be?
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Answer:

40. Somewhere peaceful surrounded by nature

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3 years ago
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