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BARSIC [14]
3 years ago
9

42-43. For the following independent situation for an individual taxpayer. Item Use (Personal or Business) Business Basis $25,00

0 FMV before the casualty $17,000 FMV after the casualty None Adjusted gross income (before any allowable casualty loss) $50,000 Insurance proceeds $10,000 42. The starting point for the calculation of the loss deduction is:
Business
1 answer:
ch4aika [34]3 years ago
4 0

Answer:

$17,000

Explanation:

Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.

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nikitadnepr [17]

Answer:

D. $5,786.

Explanation:

The mid-quarter convention applies, so the calculation of property and the machinery is 4 quarter property.

depreciation expense on property = $15000*0.35

                                                          = $2520

depreciation expense on machinery = 15000*0.0357

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total depreciation expense = $5250 + $536

                                             = $5786

Therefore, The maximum depreciation expense, (ignoring §179 and bonus depreciation). (Use MACRS Half-Year Convention)  is $5786

5 0
3 years ago
While most marketing to Generation Y tries so hard to be hip that it borders on parody, Vans has kept the decades-old brand real
anastassius [24]

Answer:

age

Explanation:

Based on this information it can be said that in this scenario the segmentation plan used by Vans relies heavily on age segmentation. This is when the company focuses on certain age groups to target within the population. Which in this scenario the Vans company is targeting strictly individuals between the ages 24 and 39 which are referred to as Generation Y.

4 0
4 years ago
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Managers at Eller Manufacturing are considering purchasing a new refrigerated delivery truck that Adaptive Practice Managerial,
juin [17]

Answer:

C) 10%

Explanation:

($144,000 + $12,780)/$36,000 = 4.355

6 0
4 years ago
The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 pe
cricket20 [7]
30 because I don’t know what if I got it back in there at least you know
7 0
2 years ago
A not-for-profit nursing home has total expense of $20 million. Sales tax in the state is 7%. Expenses are broken down into sala
8_murik_8 [283]

Answer:

1.4 million

Explanation:

Given that,

Total expense = $20 million

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salaries = $12 million

supplies = $6 million

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= Total expenses  × Sales tax in the state

= 20 million × 0.07

= 1.4 million

8 0
3 years ago
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