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Mashcka [7]
3 years ago
14

Timothy purchased a new computer for his consulting practice on October 15 th of the current year. The basis of the computer was

$4,000. During the Thanksgiving holiday, he decided the computer didn't meet his business needs and gave it to his college-aged son in another state. The computer was never used for business purposes again. Timothy had $50,000 of taxable income before depreciation. What is Timothy's total cost recovery expense with respect to the computer during the current year
Business
1 answer:
zaharov [31]3 years ago
8 0

Answer:

$0

Explanation:

Computer was sold during the same year which it is purchased. No depreciation is allowed in such a case.

In other word, there would be $0 total cost recovery as there is no Depreciation Expense given and in the same year the computer is given to Thomas son so no Depreciation Is allowed in this case.

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RoseWind [281]

Answer:

Psychological needs

Explanation:

From the question, we are informed about the Seamus who dropped out of school as a 16-year-old and needs to support himself, though he has few skills. He is a part-time employee at a department store earning minimum wage. Seamus wants to earn more, but hasn't been able to find a better job since he is without the right qualifications. He is having a hard time paying his rent and his mounting bills. He even started to skip breakfast to save on food costs. Seamus is having trouble meeting his Psychological needs. Psychological needs can be regarded as autonomy as well as competence and relatedness which has been regarded as one that play an important role when it comes to well-being as well as motivation and life satisfaction , even vitality of people as regards their general and daily level activities. These needs could be getting needed pleasure as well as avoiding pain.

3 0
3 years ago
Fred's Paper Shop frequently buys paper from Online Office Supplies, Inc. Online Office Supplies and Fred's Paper Shop decide to
madam [21]

Answer:

likelihood that disputes will arise under their contract is reduced.

Explanation:

One of the advantages of entering into a partnering agreement is that the likelihood that disputes will arise under their contract is reduced. This is mainly due to the fact that the agreed upon contract contains all the rules and regulations that both entities have agreed to follow. Therefore if there is any difference in decision the contract can be brought up and must be followed.

3 0
4 years ago
When negotiators are on the receiving end of a proposal, they frequently choose not to discuss the undesirable features of the a
Mashcka [7]
<span>This is a true statement. This is a way of making the proposal seem like an overall positive, instead of looking at the ways in which they may have lost out in the deal. Ignoring the negatives is one way of downplaying the situation as well as rationalizing why the overall negotiation was positive.</span>
3 0
3 years ago
Which of the following serve as intermediaries channeling the savings of individuals, businesses and governments into loans and
finlep [7]

Answer: Financial institutions

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Thus, we can conclude that option A is correct.

8 0
4 years ago
A disadvantage of using the range as a measure of variability is that
notka56 [123]

Answer:

The disadvantage of using range is:

Explanation:

It not measure the spread of the majority of values in a data set (only measures the spread between highest and lowest values).

8 0
3 years ago
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