Answer:
$6,366
Explanation:
Calculation for the total business deduction related to the car:
Total business deduction=($10,500x .535) + $850(.80) + $85(.80)
Total business deduction=$5,618+$680+$68
Total business deduction=$6,366
Therefore the total business deduction related to the car is $6,366
A philanthropist is someone who spends times, money and resources helping others in need. The promote the welfare of others. The Bill and Melinda Gates foundation has over 50billion in assets and uses these funds to help prevent and cure various diseases globally, including but not limited to HIV/AIDS and Malaria.
They are also participating in 'The Giving Pledge', which commits some of the worlds richest to donating over 50% of their net worth during their lifetime.
Answer:
$10,560
Explanation:
For computing the depreciation expense for the second year first we have to find out the depreciation per unit which is shown below:
= (Original cost - salvage value) ÷ (estimated production units)
= ($136,000 - $4,000) ÷ (120,000 units)
= ($132,000) ÷ (120,000 units)
= $1.1 per unit
Now for the second year, the depreciation expense would be
= Production units in second year × depreciation per unit
= 9,600 units × $1.1
= $10,560