How often must you renew your florida boater education card?

A taxpayer places a $1,050,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019

asambeis [7]

Answer:

hi your question lacks the options here is the options and the answer

a. $1,000,000

b. $200,000

c. $1,050,000

d. $1,026,000

e. $210,000

answer : $1026000 ( D )

Explanation:

properties placed in service in 2019 = $1050000

The threshold for the year 2019 under the section 179 = $2550000

Maximum expense/deduction before phase out under the section 179 = $1020000

The depreciable value =$1050000 - $ 1020000 = $30000

The MACRS depreciation half - year convention under 5 years = 20% of depreciable value = 20% * 30000

= $6000

hence the total cost recovery = MACRS + Maximum expense/deduction

= $6000 + $1020000

= $1026000

7 0

3 years ago

One of the scarce resources that constrain our behavior is time. each of us has only 24 hours in a day, and we must allocate ou

evablogger [386]

Scarce resources are those resources that have limited availability in combination with greater productive uses. Time is a scarce resource as well as all have limited time in our life. In addition, out of the limited time we have, a significance portion of that time is spent on unproductive tasks such as sleeping, bathing among other tasks. As more and more time is spent on a given activity the opportunity cost of that activity in terms of other activities rises. Opportunity cost in this case is the benefit that a person could have received by involving himself in a given task, but gave up to take up another task.

7 0

3 years ago

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Question 8 of 10

natulia [17]

Option A
A toothpaste maker claims that it’s product prevents more cavities that other brands.

8 0

3 years ago

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lack Duck Enterprises has a five-day work week and pays the warehouse staff $15 per hour for each eight-hour work day. The work

Inessa05 [86]

Hi there!

Answer:

D. credit Wages Payable for $2,880.

Explanation:

-First we calculate the cost per employee per day

$15 per hour * 8 hours/day = $120 per day per employee

-Then we calculate the daily cost in wages

8 employees x $120 = $960 per day

-Then we accrue wages until the end of the month (Monday, Tuesday and Wednesday)

Daily cost $960

Days worked till the month ends 3

Accrued expense $2,880

Journal entry:

Debit Credit

Wages expense $2,880

Wages Payable $2,880

5 0

3 years ago

Assume that a financial asset gives its owner the following cash flows which are invested using the compound interest method: ye

VMariaS [17]

Answer:

$114,218.

Explanation:

Year 0, cash outflow = $15,041

Year 1, cash inflow = $44,780

Year 2, cash inflow = $15,784

Year 3, cash inflow = $52,390

Year 4, cash inflow = $13,458

R = 6%

Value of the asset in year 3 = -15,041*(1+6%)^3 + 44,780*(1+6%)^2 + 15,784*(1+6%) + 52,390 + 13,458/(1+6%)

Value of the asset in year 3 = -15,041*1.191016 + 44,780*1.1236 + 15,784*1.06 + 52,390 + 13,458/1.06

Value of the asset in year 3 = -17,914.07 + 50,314.81 + 16,731.04 + 52,390 + 12,696.23

Value of the asset in year 3 = $114,218.01

5 0

3 years ago