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
fgiga [73]
3 years ago
14

A metal fabrication company is buying a CNC machine for $600,000. After 20 years of use, the machine should have a salvage value

of $35,000.
Required:
a. Under 100% bonus depreciation, what depreciation can be claimed in year 1?
b. Under 100% bonus depreciation, what depreciation can be claimed in year 2?
Business
1 answer:
balandron [24]3 years ago
3 0

Answer:

100% Bonus Depreciation:

a. Year 1 = $565,000

b. Year 2 = $0

Explanation:

a) Data and Calculations:

Cost of CNC Machine = $600,000

Salvage value = $35,000

Depreciable amount = $565,000 ($600,000 - $35,000)

100% Bonus Depreciation:

Year 1 = $565,000

Year 2 = $0

b) The 100% bonus depreciation is not limited to the firm's taxable income. The firm can carry back loss arising from 100% bonus depreciation to previous year's income and also carry any unused loss forward to deduct against future income.

You might be interested in
Mark the statements that are TRUE.
trasher [3.6K]

Answer:

true statements are

b

c

d

e

5 0
3 years ago
Read 2 more answers
Traditional project management focuses on thorough planning up front. such planning requires ____.
vivado [14]

Traditional project management focuses on thorough planning up front. Such planning requires predictability.

The traditional project management is a practice which includes a set of developed techniques which are used in order for planning, execution, monitoring, closure, and estimating. Here the projects are run in a sequential cycle.

The planning which is done in traditional project management, this planning requires predictability. Thus, the predictability is considered an important factor here. A traditional project management focuses on upfront planning where factors like cost, scope, and time are given importance.

Hence, the entire project is planned upfront without any scope for changing requirements.

To learn more about traditional project management here:

brainly.com/question/28139249

#SPJ4

4 0
2 years ago
Employment in service occupations refers to______​
jok3333 [9.3K]
Refers to you having a job going hopefully this helped
3 0
4 years ago
One of the advantages associated with radio as an advertising medium is that it has a long exposure time. has a perishable messa
kiruha [24]

Answer:allows ads to be placed quickly

Explanation:

Radio advert might seems like not really in use but when adverts are placed it always hit targeted customers and mainly the adverts are placed immediately without delay once the necessary process has been completed.

5 0
3 years ago
Read 2 more answers
all of these are major elements that affect project completion except: a. quality metrics. b. imposed dates. c. number of resour
Troyanec [42]

All of these are major elements that affect project completion except a. quality metrics.

A venture is any challenge, finished in my view or collaboratively and in all likelihood regarding research or design, that is cautiously planned to gain a particular purpose.

Really placed, an undertaking is a chain of responsibilities that need to be completed to attain a specific outcome. An assignment also can be described as a set of inputs and outputs required to acquire a specific aim. tasks can range from easy to complicated and may be controlled with the aid of one man or woman or 100.

Learn more about project here:brainly.com/question/25009327
#SPJ4

6 0
1 year ago
Other questions:
  • A customer tried to use a fake id during an insurance transaction and the agent had to file a Suspicious Activity Report under l
    12·1 answer
  • Zero-tolerance laws exist in all states prohibiting those under 21 from drinking and driving.
    11·2 answers
  • What to do with office space to make money? How would you arrange them?
    5·1 answer
  • Orem Corporation's current liabilities are $116,160, its long-term liabilities are $474,240, and its working capital is $162,600
    7·1 answer
  • Before Cheyenne Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the
    12·1 answer
  • Adam Plastics, Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materi
    11·1 answer
  • Madzinga's Draperies manufactures curtains. A certain window requires the following: Direct materials standard 9 square yards at
    10·1 answer
  • Under the CMT, the relevant risk to consider with any security is: ___________
    14·1 answer
  • Which one of the following statements concerning the random walk hypothesis is​ correct?
    12·1 answer
  • It is important that the implementation planning section of a systems proposal report adress
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!