Walnut company acquires a new machine for $35,000 and uses it in walnut's manufacturing operations. a few months after walnut places the machine in service, it discovers that the machine is not suitable for walnut's business. walnut had fully expensed the machine in the year of acquisition using § 179. walnut sells the machine for $5,000 in the tax year after it was acquired, but held the machine only for a total of 10 months. what was the tax status of the machine when it was disposed of and the amount of the gain or loss?

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals