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
artcher [175]
3 years ago
13

Talbot purchased a laptop for $1,500 and a television for $1,300. The laptop is used solely for business and the television sole

ly for personal entertainment. During the same year, Talbot experienced serious financial difficulty and sold the television for $300 and the laptop for $1,000. What amount, if any, is Talbot entitled to deduct as a loss relating to the sale of the television and laptop?
Business
1 answer:
ICE Princess25 [194]3 years ago
7 0

Answer:

B) $500

Explanation:

Individual taxpayers can only deduct certain losses regarding their property, specially those that are related to their business activity (Talbot used the laptop solely for business purposes). The only other case when an individual can deduct some property loss is when they suffer a theft or an incident like a fire, tornado, flood, etc.

In this case, Talbot paid $1,500 for the laptop and sold it at $1,000, therefore he can deduct a loss of $500 from his gross income.

You might be interested in
What's your fav video game and why
Natali [406]

Answer:

Any game with Yoshi in it or Danganronpa.

  • Any yoshi game because I love Yoshi.
  • Danganronpa because of brutal murdering.

8 0
2 years ago
Read 2 more answers
On September 1, 2020, Vaughn Manufacturing issued a note payable to National Bank in the amount of $1440000, bearing interest at
Vilka [71]

Answer:

$28,800

Explanation:

I will just assume that there are three equal annual principal payments of $480,000. If we use $550,000, the total principal would = $1,650,000.

accrued interests from September to December = principal x (9%/12) x 4 months

principal = $480,000 x 2 = $960,000

accrued interest payable  = $960,000 x 0.75% x 4 = $28,800

3 0
3 years ago
When Corinne asked why she didn't get the job, the manager replied, "I needed someone who understood basic accounting practices
OLga [1]

Answer:

The aspect of career readiness the manager feel Corinne was lacking was Knowledge

Explanation:

Career readiness is the preparation and process of acquiring skills, knowledge, talents that are required to start a career, maintain one's position in such career and grow.

The aspect of career readiness the manager feel Corinne was lacking was Knowledge because see made a statement that implied that Corinne lack basic understanding of accounting practice.    

Knowledge  is an aspect of career readiness that has to do with the theoretical or practical  understanding of a subject matter. It is the information, skills and facts gained through experience and education.

Other skills that are acquired in the process of career readiness are communication skills, human relation skills, critical thinking skills etc.

5 0
3 years ago
What is the broad term that refers to all other terms listed below. The term can apply to all divisions and departments​ (such a
Vladimir79 [104]

Answer:

C. Policies

Explanation:

Policy is the broad term that can apply to all divisions and departments​ (such as​ "We are an equal opportunity​ employer"), or to a single department​ ("Employees in this department must take at least one training and development course each​ year").

Policy can be defined as the set of rules, ideas and principles of action that are adopted to guide an organization.

6 0
3 years ago
Management is the attainment of organizational goals in an effective and efficient manner through ______, ______, ______, and __
Ainat [17]

Answer:

b. planning, organizing, leading, and controlling

Explanation:

The management is an achievement of organizational goals in an effective as well as an efficient way through <u>organizing, planning, controlling and leading</u> organizational sources. Basically organizational goals are strategically placed aims that plan expected outcomes furthermore supervise subordinates' efforts. There are three kinds of organizational goals they are as follows:

* Tactical

* Strategic

* Operational goals

Organizing, planning, controlling and leading are the qualities that are very effective.

3 0
3 years ago
Other questions:
  • A semi-conductor company has established a plant overseas in south africa where the power grid is somewhat unreliable. the plant
    10·1 answer
  • Which of the following is true about checks?
    7·1 answer
  • What is the best way to pursue a leadership position?
    11·1 answer
  • Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
    13·1 answer
  • You can do financial transactions through mobile banking using a A.Smartphone B. Home phone C.Smart Card D.Computer
    15·1 answer
  • Which condition must be true for a nation to exist?
    13·1 answer
  • If Hosne and Merve switch from each person dividing her time equally between the production of purses and wallets to each person
    6·1 answer
  • How can u prove that the traditional technology is the foundation of modern technology short answer​
    5·1 answer
  • _______are short-term liabilities, which include wages payable and taxes payable, that change spontaneously as the firm's normal
    10·1 answer
  • With respect to hedge fund investing, the net return to an investor in a fund of funds would be lower than that earned from an i
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!