Vermont Company acquires a used machine (ten-year property) on January 15, 2018. at a cost of $400,000. Vermont also acquires another used machine (seven-year property) on November 5, 2018 at a cost of $80,000. No election is made to use the straight-line method. The company does not make the 5 179 election. Determine the total deductions in calculating taxable income related to the machines for 2018.
a) $48,000
b) $100,000
c) None of the above
d) $51.432
e) $480,000
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 23:30, trinitieu66
Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.
Answers: 3
Business, 22.06.2019 21:00, mattsucre1823
Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.
Answers: 2
Business, 22.06.2019 22:20, ciara180
Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic. b. a tax burden falls more heavily on the side of the market that is less elastic. c. a tax burden falls more heavily on the side of the market that is closer to unit elastic. d. a tax burden is distributed independently of the relative elasticities of supply and demand.
Answers: 1
Business, 22.06.2019 23:30, lucycbrumby3150
Which external factor has enabled addition of special effects in advertisements and tracking of responses of customers over websites?
Answers: 3
You know the right answer?
Vermont Company acquires a used machine (ten-year property) on January 15, 2018. at a cost of $400,0...
Questions in other subjects:
Social Studies, 20.12.2021 23:00
Mathematics, 20.12.2021 23:00
Mathematics, 20.12.2021 23:00
English, 20.12.2021 23:10
Mathematics, 20.12.2021 23:10
Chemistry, 20.12.2021 23:10
