What are his cost recovery deductions

Assignment Help Accounting Basics
Reference no: EM131797736

Question - Zachary purchased a new car on August 1, 2011 for $14,500. His records indicate that he uses the car 45 percent for business and 55 percent for personal use. What are his cost recovery deductions for 2011 and 2012?

a. $653; $1,305

b. $1,377; $2,205

c. $1,305; $2,088

d. $798; $1,595

Reference no: EM131797736

Questions Cloud

Calculate present value of stock using constant growth model : You are analyzing Jillian's Jewelry (JJ) stock for a possible purchase. JJ just paid a dividend of $1.50 yesterday.
Prepare the financial statements in accordance : Prepare the following financial statements in accordance with requirements of international standards
Distribution of scores with a mean : In a distribution of scores with a mean of 35 and a standard deviation of 4, which event is more likely: that a randomly selected score will be between
Our product is high quality with lower price : "Times are tough and money is low" Our product is high quality with a lower price!" this advertisement is capitalizing on which of marketing forces listed below
What are his cost recovery deductions : Zachary purchased a new car on August 1, 2011 for $14,500. What are his cost recovery deductions for 2011 and 2012
Examinations for the positions of school counselor : After taking the state merit examinations for the positions of school counselor and social worker, you receive the following information on the tests
Series of questions to measure job satisfaction : You have developed a series of questions to measure job satisfaction for bus drivers in New York City. A random sample of 100 drivers has an average score
How much is the dollar value of the ending inventory : Lenat Company produced 50,000 units during the year. How much is the dollar value of the ending inventory using full costing
What number of times bond interest charges were earned : Based on the data presented above, what is the number of times bond interest charges were earned

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture 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