Solution-Calculate the decline in value of assets

Calculate the decline in value of assets

Assignment Help Supply Chain Management

Reference no: EM133266532

Penelope is a writer. She purchased a new sit-stand desk for $3,000 on 1 June. The desk is used 100% for work purposes. The Commissioner has determined that the effective life of a sit-stand desk is 3 years. Penelope uses the prime cost method to calculate the decline in value of her assets.

How much can Penelope claim for the decline in value of the desk in the year that she purchased it? You may assume that it is not a leap year and that the desk does not qualify for an immediate deduction.

Reference no: EM133266532

Questions Cloud

Risks of biometric technologies in health care : HIA 650 Ashford University what are the differences between biometric and natural language technologies. Determine how biometric technologies improve health

Why litigation may not be as cost efficient : Describe in detail why litigation may not be as cost efficient as other methods of dispute resolution. Also, discuss in detail New Testament biblical principles

What do you think are some important and vital methods used : PH 255 Monroe College What do you think are some important and vital methods used by programs for health promotion. Why do you think the use of these methods

Analyze the dormant commerce clause hypothetical : Surfco, a manufacturer of surfboards in Califonia, patented a new coating for surfboards that repels sharks. Due to an increase in shark attacks causing injurie

Calculate the decline in value of assets : Penelope is a writer. She purchased a new sit-stand desk for $3,000 on 1 June. The desk is used 100% for work purposes.

What does the ability to receive and integrate feedback say : Responding to Constructive Feedback - What does the ability to receive and integrate feedback say about you as a scholar-practitioner-leader

How much protein is lucy consuming : EXSC 330 Maryville University How much protein is Lucy consuming and is that enough to meet her needs? Justify your answer by showing your calculations.

Do you think the 2012 supreme court ruling will lead : BIOLOGY 123 Saint Cloud State University Do you think the 2012 Supreme Court ruling will lead to widespread promotion of off-label uses by manufacturers?

Differences between reform judaism and orthodox judaism : Explore the differences between Reform Judaism and Orthodox Judaism. Are these differences in practice and doctrine? Remember to use examples

User Account

All Pages

Calculate the decline in value of assets

Reference no: EM133266532

Reference no: EM133266532

Questions Cloud

Reviews

Write a Review

Supply Chain Management Questions & Answers

Supply chain network design for cwc

Criteria when making new location decisions

Draw the project network

Compare and contrast economic - market, and relevancy

Brushing up on inventory control

Supply chain strategy

What is the economic order quantity for fans in units

What factors reduce the capacity of the organization

What is the total annual cost

Supply chain management questions

Explain the supply chain management concept

How warehouses can add value in the supply chain

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT