What is the total amortization amount Daschle may deduct

Assignment Help Accounting Basics
Reference no: EM132569720

Question - Daschle LLC completed some research and development during June of the current year. The related costs were $70,200. If Daschle wants to capitalize and amortize the costs as quickly as possible, what is the total amortization amount Daschle may deduct during the current year?

a. $0.

b. $7,605.

c. $8,190.

d. $14,040.

e. None of the choices are correct.

Reference no: EM132569720

Questions Cloud

Constructed a fixed income portfolio for client : In January 2020, you have constructed a fixed income portfolio for your client (according to his needs) with two bond investment funds:
What is the amount and character of Butte gain or loss : Butte bought the machine for $54,100 several years ago and has claimed $12,050 of depreciation expense on the machine. What is the amount and character
Research the effects of interrupted sleep on cognition : Begin by selecting a topic in nursing or medicine that is of interest to you. Next, use PICOT to format possible research questions about that topic.
How to prepare the journal entries to record income taxes : How to Prepare the journal entries to record income taxes for 2020. (To record current tax expense.), (To record deferred tax expense.)
What is the total amortization amount Daschle may deduct : Daschle LLC completed some research and development during June of the current year. What is the total amortization amount Daschle may deduct
What you found while exploring the health care application : Share what you found while exploring this health care application. How can you utilize this application in your professional nursing practice?
What amount is investment at time zero : What amount is your investment at time zero? It's 'sharktank Charlotte' and YOU are an enterprising young venture capitalist considering
What is the most that the controller should pay now : What is the most that the controller should pay now for this opportunity? Suppose the company can earn 3% in a riskfree T-Bill alternative
What price are you paying for the high yield bond : You feel it's early in an economic, If face value is $1,000 with a 10% coupon and a two year term, what price are you paying for this High Yield bond?

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