Augie purchased one new asset through the year 5 year asset

Assignment Help Cost Accounting
Reference no: EM13370269

Augie purchased one new asset through the year (5 year asset) on 11/10/2013, cost 750k. She made the 179 election. The income from the business before the cost recovery deduction and 179 deductions was 810k. She takes additional first year depreciation. Evaluate the cost recovery deduction with respect to the asset for 2013.

Reference no: EM13370269

Questions Cloud

Riposte corporation manufactures a computer chip called xd1 : riposte corporation manufactures a computer chip called xd1. manufacturing cost of one xd1 chip excluding rework costs
You are the assistant accountant of a small manufacturing : you are the assistant accountant of a small manufacturing company. your manager who is not an accountant is regarding
Global co had the subsequent at the end of the : global co had the subsequent at the end of the year-department a department b plant totaldirect material cost 338000
A c corporation gets a machine for 100000 and placed it in : a c corporation gets a machine for 100000 and placed it in service on august 15 2007. the corporation elected s
Augie purchased one new asset through the year 5 year asset : augie purchased one new asset through the year 5 year asset on 11102013 cost 750k. she made the 179 election. the
How do you judge a businesss well-being from examining its : how do you judge a businesss well-being from examining its capital structure? does it make a difference who you are
Red blue white and magenta have taxable income as : red blue white and magenta have taxable income as givencorporation taxable amountblue 91000white 320000red
Lizzie shoes experience gift cards that have not been : lizzie shoes experience gift cards that have not been redeemed within 12 months are not probable to be redeemed. lizzie
Show the proper accounting treatment of the 273000 714000 - : show the proper accounting treatment of the 273000 714000 - 441000 by which the cost of first machine exceeded the cost

Reviews

Write a Review

Cost Accounting Questions & Answers

  What is the amount of unrestricted cash and investments

What is the amount of unrestricted Cash and Investments at 9/30/15 and what is the total amount of Net Position at 9/30/15?

  Questiontrasky company is trying to decide whether it

questiontrasky company is trying to decide whether it should purchase or lease a new automated machine to be used in

  Budgeting process in your for-profit company

Eliminated completely for next year's budget and fundraising efforts-despite an increase in expenses-did not improve at all.

  How many pounds of material does midwest inc plan

How many pounds of material does Midwest Inc. plan to purchase in July and what is the budgeted August 31 finished goods inventory balance (in dollars)?

  Compute the manufacturing overhead rate

What is the amount of under- or overapplied overhead at December 31 and compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.)

  Eveluate the margin of safety - percentage of sales

Cost-volume-profit analysis cannot be used if which of the following occurs and eveluate the margin of safety expressed as a percentage of sales?

  Use to provide system documentation

Andrew is considering the method he will use to provide system documentation. Andrew has in the past provided User Manuals in hardcopy documents and he has also written them so they are integrated as part of the system (online).

  Evaluate the manufacturing cost per unit

Evaluate the manufacturing cost per unit for each product produced in July 2011.

  Stigler''s theory

Stigler's 'private interest theory' proposes that regulatory bodies (including accounting standard setters) are made up of individuals who are self-interested, and these individuals will introduce regulation that best serves their own self-interest.

  Q we spent a considerable amount of time in discussing the

q we spent a considerable amount of time in discussing the payment and taxation of corporate dividends. some of this

  Duffy enterprises declares bankruptcy

Duffy Enterprises declares bankruptcy and it is evaluated that the receivable of €1,200 from Duffy is not collectible.

  Tax consequences of the liquidation distribution

Discuss the similarities and differences between the tax consequences of the operating distribution and the tax consequences of the liquidation distribution.

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