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Brett started a new construction business in August 2014. In connection with the new business, he purchased a new backhoe for $70,000 in September of 2014. The new businesses is struggling and expecting to show a loss for 2014. Brett is considering expensing the $70,000 cost of the backhoe under §179 on the 2014 tax return. Brett has been awarded a large project for 2015, and expects to show a substantial profit for the year ending 12/31/2015. Evaluate the appropriateness of Brett's plan. Explain your position.
Explain what is meant by "Rate of Return." Why does a business owner need to understand rate of return. Your client has told you that he only cares about cash flow. As long as he can pay his bills and take out some capital form the business, he do..
chocolaterie de geneve sa is located in a french-speaking canton in switzerland. the company makes chocolate truffles
scott company purchased equipment for 250000 on october 1 2014. it is estimated that the equipment will have a useful
an investment cost 80000 with no salvage value a 5 year useful life and had an expected annual increase in net income
A business is considering a cash outlay of $500,000 for the purchase of land, which it could lease for $40,000 per year. If alternative investments are available which yield a 21% return, the opportunity cost of the purchase of the land is:
Kristen Montana operates a retail clothing operation. She purchases all merchandise inventory on credit and uses a periodic inventory system. The accounts payable account is used for recording inventory purchases only; all other current liabilitie..
gentry inc. acquired 100 of gaspard farms on january 5 2010. during 2010 gentry sold gaspard farms for 625000 goods
david systems manufactures automated test systems that perform quality inspections during and at the completion of the
What decisions can business owners make that have an impact on personal finance? For example, contributing to retirement plans? Or flow through entities?
What happens to the long-run demand curve for labour if the demand for the firm's output increases and what happens to the long-run demand curve for labour if the price of capital increases?
GEH is in the business of owning and running hotels with an 'eco' theme - meaning they must be environmentally and socially responsible, but capable of making a good profit in the medium to long term.
Prepare a 2011 balance sheet for Cornell Corp. based on the following information: cash = $136,000; patents and copyrights = $630,000; accounts payable = $215,000;
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