Saul owns and operates a sports agency. In 2020, he purchased and placed the following new assets into service for his business: (1) March 7, a $1,500 phone system; (2) June 1, a $900 desk; (3) September 24, a $3,000 computer. What is the total 2020 depreciation for the desk, assuming he did not opt out of bonus depreciation? $129 $900 $1,029 $2,810

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?