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
m_a_m_a [10]
3 years ago
10

Ken Larch is a tailor. He bought two industrial sewing machines from his father. He placed both machines in service in the same

year he bought them. All of the following are true except:________.A. The sewing machines do not qualify as section 179 propertyB. Ken cannot claim a section 179 deduction for the cost of these machinesC. Ken can claim a partial section 179 deductionD. The asset must be used at least 50% of the time for business in the first year it is placed in service to qualify for a section 179 deduction
Business
1 answer:
masha68 [24]3 years ago
3 0

Answer:

A.The sewing machines do not qualify as section 179 property

Explanation:

Section 179 deduction is available for machinery bought and used in the business in the same year provided the usage in business is more than 50% and upper limit on deduction is $ 500,000. However, a partial deduction is possible in case cost of machine exceeds $500,000. Hence, the first option in the given question is not true.

You might be interested in
You can best deal with visitors that drop into your office by A. telling them you are busy now and suggest an alternative time t
Katyanochek1 [597]
Hi!

That's a funny one xD


The correct answer is A
Tell them you are busy now and suggest an alternative time to talk.

The other options are not good because if you just tell them you are bus now, you will lost the client. They will think you are not care for them. You can't tell them to make an appointment with your assistant because they want to talk with you,not the assistance. OMG always keeping the door closed is the worst xD. It shows that you don't welcomed people so you wouldn't have enough client.


I hope this helps!
4 0
3 years ago
When the productivity of the workers in a Firm increases what would happen to the demand for labour in that firm if the quantity
jarptica [38.1K]

Answer:

The demand for labour would decrease because it will be costly for the business keeping the workers.

Explanation:

If the quantity demanded for the product does not change while workers productivity increase this will make the quantity demanded for labour decrease because its costly to keep workers if the consumers demand does not change this means that the business is not making any profit.  

5 0
4 years ago
What happens when supply exceeds demand?
olya-2409 [2.1K]
A. The prices will decrease
3 0
3 years ago
Assume you earned $50000 in 2015, when the consumer price index (CPI) was 236. The CPI in 2016 is 246. How much of a raise in 20
Vinil7 [7]

Answer:

$2,118.64 and 4.24%

Explanation:

The computation is shown below:

Data given in the question

Earning in 2015 = $50,000

CPI in 2015 = 236

CPI in 2016 = 246

So, the earning in 2016 is

= Earning in 2015 × CPI 2016 ÷ CPI 2015

= $50,000 × 246 ÷ 236

= $52,118.64

So, the raise amount is

= $52,118.64 - $50,000

= $2,118.64

And, the percentage is

= $2,118.64 ÷ $50,000 × 100

= 4.24%

6 0
3 years ago
Pei's savings account balance is $12,000 today. Pei opened the account exactly 7 years ago with a $10,000 deposit. Pei has made
koban [17]

Answer:

2.64%

Explanation:

A = P(1 + r)^n

A = $12,000

P = $10,000

n = 7 years

12,000 = 10,000(1 + r)^7

(1 + r)^7 = 12,000/10,000 = 1.2

(1 + r)^7 = 1.2

1 + r = (1.2)^1/7

I + r = 1.0264

r = 1.0264 - 1 = 0.0264

r = 0.0264 × 100 = 2.64%

5 0
3 years ago
Other questions:
  • Differential pay schedule is based on: Choose one answer.
    7·1 answer
  • If 50 percent of the population in a country is employed and average labor productivity equals $30,000, then real GDP per person
    14·1 answer
  • While ethical conceptions shape business law and business relationships unique to each country, business leaders must be sensiti
    6·1 answer
  • Income statements under absorption and variable costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The
    10·1 answer
  • Sales revenue equals $367,810, sales returns & allowances are $10,000, and sales discounts total $14,180. The cost of goods
    5·1 answer
  • You have an idea for a company that sources fruits from local farms and makes fresh juices on a daily basis. You want to start a
    7·1 answer
  • In the equation Mv = PYR, P represents:
    14·1 answer
  • Cash Flow:
    6·1 answer
  • Some checking accounts require a minimum amount of money in the account or they charge point monthly fees?
    12·1 answer
  • Wildhorse Company purchased $1350000 of 11% bonds of Scott Company on January 1, 2021, paying $1272578. The bonds mature January
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!