Items that are not a nesscity?
If so I think about what i need first because thats more important
And I think about how much im about to spend... if it is more that what u have or rlly close its not worth it..
Answer: The cost recovery deduction for 2019 for these assets is $43000.
Explanation:
New business asset (five year property) purchased March 10, 2019 = $30000
New business asset (seven year property) purchased on November 20, 2019 = $13000
Additional depreciation of the first year is referred as the bonus depreciation.
Also, bonus depreciation in the year 2019 is at 100% of the value of assets bought during this year.
∴ Total assets value = New business asset (five year property) + New business asset (seven year property)
= $30000 + $13000
= $43000
Hence, the cost recovery deduction for 2019 for these assets is $43000.
Answer:
The journal entry for the following economic activity is given below.
Explanation:
Interest revenue = 6000*12% * 91/360 = 182
Date Account Title Dr Cr
Oct 31 Cash 6,180
Notes receivable 6,000
Interest revenue 180
Answer:
Total cost= $4,690
Explanation:
Giving the following information:
Fixed costs= $430
Cost per job= $80
Cost per meal= $14
The company expected its activity in January to be 20 jobs and 190 meals.
<u>The cost that would appear in the planned budget is calculated using the estimated activity</u><u>.</u>
Total cost= 430 + 80*20 + 14*190
Total cost= $4,690
Answer:
$71,428.57
Explanation:
we can use the perpetuity formula to solve this question:
present value = future cash flow / (discount rate - g)
- future cash flow = $10,000
- discount rate = 6%
- g = growth rate = -8%
present value = $10,000 / (6% - - 8%) = $10,000 / 14% = $71,428.57
