Answer: B. $2,500
Explanation:
The American opportunity tax credit (AOTC) is a tax credit benefit for parents and Guardians to paying tuition on Qualified students.
A maximum of $2,500 in credit can be acquired per eligible student and to qualify for this maximum, a married couple filing together must have a Modified Adjusted Gross Income (MAGI) of less than $160,000.
With a modified AGI of $90,000, Jeffery and Cassie are below the threshold and qualify for the full figure.
Answer:
Production budget = 76, 000 units
Explanation:
<em>The sales budget is adjusted for the projected opening and closing inventories unit to arrive at the production budget: </em>
The production budget can be determined using the formula below
Production budget = Sales budget + closing inventory- opening inventory
Production budget = 67,000 + 15,000 - 6,000
= 76000
Production budget = 76, 000 units
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Answer:
$120,000.00
Explanation:
Depreciable cost is the amount of money that can be depreciated over time from the value of an asset. It is the total book value an asset loses for being in production in its useful life. Depreciable cost is important is calculating the annual depreciation.
Depreciable cost is a result of the cost of an asset minus its expected salvage value.
In case case: $150,000- $ 30,000
=$120,000.00
Depreciable value is $120,000