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2 years ago

What is the maximum total depreciation deduction that Chaz may deduct in 2020?

Business

1 answer:

jenyasd209 [6]2 years ago

4 0

Answer:

$ 2,103,479

Explanation:

Maximum total depreciation deduction $ 2,103,479 Chaz Corporation has taxable income in 2020 of $368,000 for purposes of computing the §179 expense and acquired the following assets during the year: Assume CARES Act applies.

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Real property taxes are often assessed on the value of the property at the beginning of the year. when property is sold in the m

sergejj [24]

When property is sold in the middle of year, both the buyer and seller can deduct their pro rated portion of the property tax.

The property taxes are based on the assessed value of the property. So when the property tax is pro rated at the time of the transfer, both the buyer and seller can deduct their pro rated portion of the property tax.

Buyer and seller prorations are often applied during real estate closing transactions to divide the cost of expenses like property taxes. Thus, the buyer gets a deduction for the prorated amount of property tax due after closing, and the seller gets the same deduction for the taxes.

Hence, both the buyer and seller receives the deduction for the real property tax.

To learn more about property tax here:

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1 year ago

which of the following consumer credit acts examines lenders’ practices regarding race, religion, national origin, color, gender

photoshop1234 [79]

The Consumer Credit Acts which examines lenders’ practices regarding race, religion, national origin, color, gender, marital status, or age is the:

Equal Credit Opportunity Act (ECOA)

According to the given question, we are asked to show the Consumer Credit Acts which examines lenders’ practices regarding race, religion, national origin, color, gender, marital status, or age

As a result of this, we can see that the Consumer Credit Act which has the job of enforcing the consumer protection so that people would not be denied credit based on their gender, age, race, religion, sex, marital status, etc.

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2 years ago

Interest Practice How much would x dollars earn in 1 year at a rate of 4.4% compounded annually?

shusha [124]

Answer:

x1.044 - x

Explanation:

The formula for calculating compound interest is as below

FV = PV × (1+r)^n

where FV = Future Value

PV = Present Value

r = annual interest rate

n = number of periods

How much would x dollars earn in 1 year at a rate of 4.4% compounded annually?

In this case, PV =X, r =4.4% and n=1

FV = x x ( 1+4.4/100)^1

Fv = x x( 1.044)^1

Fv = x1.044

x dollars will earn x1.044 - x

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3 years ago

Amy is shopping for a dress to wear to a formal dance. She tried on several dresses, not even noticing the price of each. After

fredd [130]

Answer: It is called affective choice

Explanation:

Affective decision-making (ADM) is a debatable and predictive theory of individual choice under risk and uncertainty. It generalizes expected utility theory by positing the existence of two cognitive processes – the “rational” and the “emotional".

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3 years ago

Smart businesses in all industries use data to provide an intuitive analysis of how they can get a competitive advantage.

svetlana [45]

Answer:

true might be false sorry i dont know

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3 years ago