User Account

All Pages

Modified accelerated cost recovery system

Assignment Help Accounting Basics
Reference no: EM13764757

In January 2011, JIM, purchased $350,000 of new MACRS (Modified Accelerated Cost Recovery System) 5-year property in the United States. This equipment was placed in service May 1, 2011. JIM wants to take as much depreciation in 2011 as possible. 

  • Calculate the depreciation for 2011

Reference no: EM13764757

Questions Cloud

How each quality supports true multicultural education : explain what each of these interpersonal skills entails and how each Quality  supports true multicultural education in the context of building caring, responsive, and collaborative communities.
How and why certain outcomes might have been improved : Lastly, consider and speculate how and why certain outcomes might have been improved by higher quality decision making and robust interagency collaboration
What do you consider the most pressing safety problems : Describe what do you consider the most pressing safety problems in aviation today? Your paper should fully describe each problem and why it is a serious safety problem. It may be easier to pick two related problems,
Project design proposal : Prepare a detailed design document for the user interface for your project. Your design document should be based on your Project Requirements and Scope document and your Project Design proposal.
Modified accelerated cost recovery system : In January 2011, JIM, purchased $350,000 of new MACRS (Modified Accelerated Cost Recovery System) 5-year property in the United States. This equipment was placed in service May 1, 2011. JIM wants to take as much depreciation in 2011 as possible.
Job discrimination within the police department : Write research paper on Job Discrimination within the Police Department
Describe the history and evolution of health care economics : Describe the history and evolution of health care economics and the timeline of health care funding, usingthe defined terms. Includetwo outside resources.
Discuss the defenses that an employer may raise : Define and discuss the defenses that an employer may raise to an OSHA citation. Give some examples of case law in your response
Problem related to vitamin : Using the DRI table what is your daily requirement for vitamin A and have you met it? Why or why not? Should you be overly concerned? Why or why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Management discussion and analysis

Define the management's discussion and analysis. Describe in a memo, the major items disclosed in this section of the financial report.

  Evaluate depreciation for each of the five years

Calculate depreciation for each of the five years using the declining balance method at twice the straight-line rate.

  Assumptions that underlie dvp analysis

What are the four (4) assumptions that underlie DVP analysis?

  Bear corporations payroll taxes expense on each employee

bear corporations payroll taxes expense on each employee includes 7.65 oasdi and hi taxes on the first 87000 earned 0.8

  Kinkaid co is incorporated at the beginning of this year

kinkaid co. is incorporated at the beginning of this year and engages in a number of transactions. the following

  When a company receives notice from the bank that a check

when a company receives notice from the bank that a check is nsf explain the process required by the accountant of the

  Determining selling and administrative expense budget

The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be:

  Miles ltd has two divisions jericho and jackson each of

miles ltd has two divisions jericho and jackson. each of these is regarded as a separate cash-generating unit. at 31

  Approximate total ordering cost

Her purchase price is $6 for each box of discs and she has determined that storage costs for one year are 25 percent of thepurchase price. What is her approximate total ordering cost?

  How does the total contribution margin unit contribution

1. how does the total contribution margin unit contribution margin x total number of units sold differ from the gross

  A four-year investment is expected to produce the cash

a four-year investment is expected to produce the cash flows shown below. an investor is willing to pay a price of

  Use the following data to prepare a flexible budget for

use the following data to prepare a flexible budget for possible production levels of 5000 5500 and 6000 units. assume

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