User Account

All Pages

Harry purchases a 7 year business asset not listed property

Assignment Help Accounting Basics
Reference no: EM13570830

Harry purchases a 7 year business asset (not listed property) on july 30, 2011, at a cost of $100,000. harry did not elect to expense under section 179 nor did he elect straight line cost recovery. harry sold the asset on february 11, 2013. Assuming the macrs percentage in 2013 is 12.49%, what is harry's csot recovery for 2013?

Reference no: EM13570830

Questions Cloud

Forvarious reasons a corporation may issue warrants to : forvarious reasons a corporation may issue warrants to purchase shares of its common stock at specified prices that
Project using the country andor period given for the topics : i chose this for my individual project topic is uk polices of 1970s and 1980sproject using the country andor period
The target capital structure of qm is 37 common stock 13 : the target capital structure of qm is 37 common stock 13 preferred stock and 50 debt. if the cost ofo common equity for
Ponzi corporation has bonds on the market with 125 years : ponzi corporation has bonds on the market with 12.5 years to maturity a ytm of 7.30 percent and a current price of
Harry purchases a 7 year business asset not listed property : harry purchases a 7 year business asset not listed property on july 30 2011 at a cost of 100000. harry did not elect to
The investment will produce cash flows of 250000 in year 1 : your firm is considering an investment that will cost 750000 today. the investment will produce cash flows of 250000 in
A us government bond with a face amount of 10000 with 8 : a u.s. government bond with a face amount of 10000 with 8 years to maturity is yielding 3.5. what is the current
On january 20 2014 steffi graf inc sold security a for : at december 31 2013 the available-for-sale equity portfolio for steffi graf inc. is as follows.securitycostfair
John campbell an employee of manhattan construction company : john campbell an employee of manhattan construction company claims to have injured his back as a result of a fall while

Reviews

Write a Review

Accounting Basics Questions & Answers

  When applying overhead to products in an activity-based

when applying overhead to products in an activity-based costing system a. cash or a liability is debited and

  Analysis of rate of return

Create a formula to calculate your rate of return for each year. What is your overall return over the life of your investment? What is the average annual return over the life of the investment? Use the geomean function.

  Journal entry for sale

Orbit Airways purchased a baggage-handling truck for $41,000. Suppose Orbit sold the truck on December 31, 2008, for $28,000 cash, after using the truck for two full years and accumulating a depreciation of $16,000.

  Percentage increase or decrease in net sales

Compute the percentage increase or decrease in net sales and also in net income (net loss) from 2005 to 2007. Which item grew faster during this two-year period, net sales or net income (net loss)? Can you offer a possible explanation for these ch..

  Corporation report as inventory

What amount should Mateo Corporation report as inventory in its December 31, 2011, balance sheet?

  Find two or three articles that address financial reporting

find two or three articles that address financial reporting practices and ethical standards in health care finance

  Compute the ending inventory

Using the retail method (this method estimates lower-of-average-cost-and-market), compute the ending inventory at cost as of January 31, 2005. Make sure your answer is in good form with clearly labelled amounts.

  Compute each projects payback period

Compute each projects payback period, indicating the mostdesirable project and the least desirable project using thismethod.

  Adjusting journal entries for balance in allowance account

Prepare adjusting journal entries for the following and note the year-end balance in the allowance account. The allowance for uncollectible accounts has a $740 credit balance prior to adjustment.

  Complete the following responsibility income statement for

hal-marts inc. has two sales departments equipment andclothing. during february these two departments reported the

  Net present value of the investment

The net present value of the investment, excluding the intangible benefits, is -$326,237. To the nearest whole dollar how large would the annual intangible benefit have to be to make the investment in the aircraft financially attractive?

  Journalize all transactions affecting christines dyeing

cougar carpet manufactures broadloom carpet in seven processes spinning dyeing playing spooling tufting latexing and

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