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mixer [17]
3 years ago
13

Mary-Jo owns a theater. She purchased a new computer to run the accounting software and lighting for the theater. The computer c

ost $2,000 and was purchased on May 4, 2020. It was the only equipment purchased by the theater for 2020. Using the MACRS system, how much is her depreciation deduction for 2020
Business
1 answer:
Ratling [72]3 years ago
8 0

Answer:

The depreciation for 2020 is $233.33

Explanation:

Under the MACRS, computer useful life is 5 years.

The depreciation rate for every year, applying double declining method is: 100% / 5 = 20%. So, depreciation expenses for first year of the computer is calculated as: Cost of the computer x 20% = = 2,000 x 20% = $400.

As the computer is purchased in May, the year 2020 would only account for 7 month out of the first year of depreciation. Thus 2020 depreciation expenses = First year depreciation x 7/12 = 400 x 7/12 = $233.33

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bobby and josephine are married and they work together. they have decided to maintain separation at work, though they are extrem
vodomira [7]

Segmentation is the management strategy they are employing.

Dialectical Theory

All relationships—friendships, sexual connections, and family relationships—are entangled in a variety of contradictions, according to social dialectical theorists.  Like any family, the many dialectical methods share some aspects in common yet differ in others. This item highlights the common characteristics.

. A contradiction is the dynamic interplay between united opposites. Grasp this definition requires an understanding of three concepts: opposites, unified, and dynamic interplay.

Mutual negation is essential to the idea of opposition: According to semantics, opposites are synonyms of one another and serve to negate, undo, cancel, or otherwise undermine one another.

to know more about Dialectical Theory

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5 0
2 years ago
An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company has 8,200
Mademuasel [1]

Answer:

1621 Shares

Explanation:

Calculation to determine how many more shares must you buy to be assured of earning a seat on the board

First step is to determine the shares needed

Shares needed = [1/4 (8,200) + 1]

Shares needed= 2050 + 1

Shares needed= 2051

Now let determine how many more shares must you buy

Buy =2051 -430

Buy= 1621 shares

Therefore how many more shares must you buy to be assured of earning a seat on the board will be 1621 Shares

6 0
3 years ago
South Korea has developed amazingly, with huge corporations making vast amounts of money and giving everyone there a high standa
patriot [66]

Answer: Uneven Development

Explanation:

South Korea is one of the success stories of the last century. After the Korean War devastated large parts of the Korean peninsula, foreign aid poured in and the people embraced development fully. This led to the development of large corporations such as Samsung making vast amounts of money and giving everyone there a high standard of living.

Guatemala on the other hand has been ravaged by poverty and poor living conditions for a long time resulting from a bloody civil war that lasted for decades. This led to gangs been formed to compete for resources as well as illegal activities being carried out such as drug trafficking. This only made things worse.

These are 2 countries are a prime example of how countries in the world are experiencing Uneven Development. How in one nation the standards of living are high and people are safer but on the same planet and in another nation people are living in abject poverty and fearing constantly for their lives.

7 0
3 years ago
The primary responsibility for establishing and maintaining internal control rests with
Ivanshal [37]

Answer:

D

Explanation:

Management is responsible for establishing and maintaining internal control to achieve the objectives of effective and efficient operations, reliable financial reporting, and compliance with applicable laws and regulations.

5 0
3 years ago
Read 2 more answers
Suppose that the reserve requirement for checking deposits is 12.5 percent and that banks do not hold any excess reserves.
andriy [413]

Answer:

1) If the Fed sells $2 million of government bonds, the economy’s reserves Decrease by $2 million, and the money supply will Decrease by $16 million.

2) The money multiplier will remain unchanged. True

3) As a result, the overall change in the money supply will remain unchanged. True

Explanation:

1.) We have the reserve requirement for checking deposits as 12.5% with banks not holding any excess reserves.

To calculate Money Multiplier:

Money Multiplier = \frac{1}{required reserved ratio} = \frac{1}{0.125} = 8

If the Fed sells $2 million of bonds, reserves will decrease by $2 million and the money supply will decrease by 8 x $2 million = $16 million.

2) and 3) Now the Fed lowers the reserve requirement to 10 percent, but banks choose to hold another 2.5 percent of deposits as excess reserves.

To calculate Money Multiplier:

Money Multiplier = \frac{1}{required reserved ratio} = \frac{1}{0.1+0.025} = 8

Money multiplier is 8 same as in 1) Therefore the statements: "The money multiplier will remain unchanged" and "As a result, the overall change in the money supply will remain unchanged" are both True.

5 0
3 years ago
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