Depreciation deductions-accelerated depreciation

Assignment Help Accounting Basics
Reference no: EM1358921

In November 2011, Kendall purchases a computer for $4,000. She does not use Sec. 179. She only uses the most accelerated depreciation method possible. The computer is the only personal property which she places in service during the year. What is her total depreciation deduction for 2011?

A. $200

B. $572

C. $800

D. $1,000

Reference no: EM1358921

Questions Cloud

Calculate the expected value of unit sales : Myers Business Systems is estimating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given below:
Deduction for qualifying five-year equipment : Elaine owns an unincorporated manufacturing business. In 2011, she purchases and places in service $250,000 of qualifying five-year equipment for use in her business. Her taxable income from the business before any section 179 deduction is $70,000..
Business management - the appraisal process : Do you agree with the observation that managers are tempted to just get the appraisal process over with and possibly take care of the appraisal through e-mail?
What is the acceleration of two falling sky divers : What is the acceleration of two falling sky divers. Some European trucks run on energy stored in a rotating flywheel, with an electric motor getting flywheel up to its top speed of 440 π rad/s. One such flywheel is a solid, uniform cylinder with a ..
Depreciation deductions-accelerated depreciation : In November 2011, Kendall purchases a computer for $4,000. She does not use Sec. 179. She only uses the most accelerated depreciation method possible.
Determine the current value of a share : The Foreman corporation earnings and common stock dividends have been growing at an annual rate of 6% over the past ten years and are expected to continue increasing at this rate for the foreseeable future.
Program to overload the addition assignment operator : Overload the addition assignment operator (+=), the subtraction assignment operator (-=), and the multiplication assignment operator (*=).
Industrial-organization psychologist : If you work as an Industrial-Organization psychologist to give advice to electronic industries, what suggestions would you make?
Recognized gross profit on installment sale : Kyle sold land on the installment basis for $100,000. His basis in the land was $70,000. Kyle received a $40,000 down payment and a real estate installment sale contract calling for $60,000 in additional payments in future years.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entry of petty cash

A company established a petty cash fund of $100 on September 1. On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form.

  Costs-saving-discount rates and net present value

A salesperson from a different computer company claims that his machine, which costs $85,000 and has an estimated service life of four years, will generate annual savings for the city of $32,000.

  Write an article

Write an article

  Describe foreign corrupt practices act

Describe Parts I and II of the Foreign Corrupt Practices Act. What is the impact of this act on companies and public accountants? Explain.

  Question on foreign currency

What are the two techniques used to convert trial balances from foreign currencies in U.S. dollars? Explain the situations when you would employ each metod.

  Prepare journal entries for gardener corporation

The following is a list of transactions entered into during the first month of operations of Gardener Corporation, a new landscape service. Prepare in journal form the entry to record each transaction.

  Expenses incurred and retained earnings relationships

Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was paid.

  Nonfinancial information which used to evaluate performance

Discuss the nonfinancial information that may be used to evaluate the performance of a college or university and suggest what information provides the most insight to financial performance.

  Evaluate prepaid expense and unearned revenue

Amounts paid on June 30 for a 1-year insurance policy, Professional fees earned but not billed as of June 30

  Direct and indirect method in quoting foreign currencies

Describe the direct and indirect technique in quoting foreign currencies. Provide some examples.

  Journal entry for bad debt expense

Prepare the adjusting entry that records bad debts expense. Prepare the journal entry that records a write-off of a $700 uncollectible account receivable.

  How cash and working capital will be affected for following

Indicate how each of the following six different transactions that Dynamic Mattress might make would affect (i) cash and (ii) net working capital:

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!

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