User Account

All Pages

Debbie acquired computer equipment for her business on june

Assignment Help Accounting Basics
Reference no: EM13603905

Debbie acquired computer equipment for her business on June 15, 2009, for $32000. In 2009, Debbie claimed a regular MACRS depreciation deduction and she elected not to claim any bonus depreciation or Section 179 depreciation. However, Debbie decided not to claim any depreciation deductions on her tax returns in 2010, 2011 or 2012. The machine is sold on June 30, 2012. What is the adjusted basis of the machine on the sale date? Round all numbers to the nearest dollar.

Reference no: EM13603905

Questions Cloud

Deschambault inc is working on its cash budget for december : deschambault inc. is working on its cash budget for december. the budgeted beginning cash balance is 14000. budgeted
A single branch closed tube reads 35 cm connected to point : a u manometer reads 20 cm air as operating fluid and a given manometric fluid. a single branch closed tube reads 35 cm
Instead of rolling a die 100 times use statcrunch to : instead of rolling a die 100 times use statcrunch to simulate 100 rolls of a die. use statcrunch to create a random
If upon initial null balance r3 is 1275 ohms and if when r2 : a simple wheatstone bridge as shown in fig. 7.10 is used to determine accurately the value of an unknown resistance r1
Debbie acquired computer equipment for her business on june : debbie acquired computer equipment for her business on june 15 2009 for 32000. in 2009 debbie claimed a regular macrs
Two coupled boxcars are rolling along at 35 ms when they : two coupled boxcars are rolling along at 3.5 ms when they collide with and couple to a third stationary boxcar. a what
For 2010 omaha mechanical has a monthly overhead cost : for 2010 omaha mechanical has a monthly overhead cost formula of 42900 6 per direct labor hour. the firms 2010
Assuming the center-to-center distance of two atoms not : under a stress of 1105 mpa a sample of ag has a modulus of elasticity of 580 gpa. assuming the center-to-center
A 53 kg sprinter starting from rest runs 55 m in 76 s at : a 53 kg sprinter starting from rest runs 55 m in 7.6 s at constant acceleration. what is the magnitude of the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate basic pay-overtime pay-bonus pay

Calculate the gross wages of each worker for Week 4. Show clearly the basic pay, overtime pay and bonus pay; Using the answer in (a), analyze the total gross wages of the workers into Direct Wages and Indirect Wages;

  Evaluate the strengths and weaknesses of smith''s reasons

Jessica Boland works for Sea Biscuit Co. She and Farah Smith, her manager, are preparing adjusting entries for annual financial statements. Boland computes depreciation and records it as: How should depreciation be recorded? Do you support Boland o..

  You must evaluate a proposed spectrometer for the rampd

you must evaluate a proposed spectrometer for the rampd department. the base price is 240000 and it would cost another

  A a 1000 bond has a 75 percent coupon and matures after 10

a. a 1000 bond has a 7.5 percent coupon and matures after 10 years. if current interest rates are 10 percent what

  Determine the rate of return earned on the fund

If the amount awarded each year is $15,000, determine the rate of return earned on the fund.

  Mathews guitar company makes high-quality customized

mathews guitar company makes high-quality customized guitars. mathews uses a job order costing system. because the

  Money inc has no debt outstanding and a total market value

money inc. has no debt outstanding and a total market value of 193500. earnings before interest and taxes ebit are

  During february 2010 its first month of operations the

during february 2010 its first month of operations the owner of schwenn enterprises invested cash of 25000. schwenn had

  Importance of food cost labor and sales

Describe the importance of food cost, labor and sales in a food and beverage operation. Support your description with concepts addressed in the materials provided in this course.

  Compare and contrast proprietary fund reporting

Compare and contrast proprietary fund reporting under GASB No.34 with GAAP financial reporting for non-governmental entities. Examine why GASB requires the direct method for cash flow statements in the proprietary funds instead of allowing the dir..

  Did any differences lead to different conclusions or auditon

Problem , Did any differences lead to different conclusions or auditor decisions?

  Abc company began operations on june 1 of the current year

abc company began operations on june 1 of the current year. during this time the company produced 370000 units and sod

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd