Calculate Alexandras maximum depreciation deduction

Assignment Help Accounting Basics
Reference no: EM132521153

Question - On February 2, 2019, Alexandra purchases a personal computer. The computer cost $5,480. Alexandra uses the computer 85 percent of the time in her accounting business, and the remaining 15 percent of the time for various personal uses. Calculate Alexandra's maximum depreciation deduction for 2019 for the computer, assuming half-year convention and she does not make the election to expense or take bonus depreciation.

Reference no: EM132521153

Questions Cloud

Internet systems technologies comparison : Pine Valley Furniture wants to use Internet systems to provide value to its customers and staff. Explain how these technologies can bring value to PVF.
Describe any cultural aspects of your parenting : Create a parenting slide(s) for your final project outlining what kind of parents you had (authoritarian, authoritative, permissive, rejecting/neglecting).
Make General Journal entries o record the events : Use this information to General Journal entries (without explanation) required to record the events for December 31, 2018
Find an expression for c such that the total charge : Find an expression for C such that the total charge of the annulus is Q. Include the SI units for C next to your answer. Do the units make sense?
Calculate Alexandras maximum depreciation deduction : The remaining 15 percent of the time for various personal uses. Calculate Alexandra's maximum depreciation deduction for 2019 for the computer
Define the concept of an integrated physician model : Demonstrate an understanding of the dynamics of and controversies surrounding accountable care organizations and alternative approaches
Draw a fbd of the enterprise at rest near the rod : On its mission to explore the UNIVERSE, the USS Enterprise ( mE=100,000[kg ] ) discovers an infinite length rod in an otherwise empty region of space
Calculate how much time it would take a driver : calculate how much time it would take a driver to reach 73.3 ft/s while accelerating at a rate of 10.2 ft/s/s. please show the work.
Prepare a trial balance at the end of December : July 1: Purchased some supplies to be used during the rest of the year for SR 1,000 on account. Prepare a trial balance at the end of December, 2019

Reviews

Write a Review

Accounting Basics Questions & Answers

  What amount will be reported in cost of goods sold

Using the LIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold

  Calculation of profit using completed contract method

Kiner, Inc. began work in 2012 on a contract for $12,600,000. Other data are as follows: This problem related to Basics Accounting and calculation of profit using completed contract method

  Compare the total of the schedule with the balance of the ca

Posting to an accounts payable ledger Selected entries from the purchases, cash payments, and general journals for Healthy Nutrition, a health food store.

  Stock-holders equity at the end of the year

At the beginning of the year, Gal Company had liabilities of $50,000 and stockholders' equity of $96,000. If assets increased by $40,000 and liabilities decreased by $30,000, what was the stockholders' equity at the end of the year?

  Purchase of the bonds between interest dates

An early extinguishment of bonds payable, which were originally issued at a premium, is made by purchase of the bonds between interest dates. At the time of reacquisition:

  Review problem related to ra corporation

Ray and Arnold form RA Corporation, an C Corporation, by contributing $50,000 for a 50% interest and taking out a working capital loan in the amount of $25,000.

  Prepare a schedule starting with pretax financial income

Product warranties were estimated to be $50,000 in 2010. Actual repair and labor costs related to the warranties in 2010 were $10,000. The remainder is estimated to be paid evenly in 2011 and 2012.

  Corporation sold merchandise costing

During 2010, Vaughn Corporation sold merchandise costing $1,500,000 on an installment basis for $2,000,000. The cash receipts related to these sales were collected as follows: 2010, $800,000; 2011, $700,000; 2012, $500,000.

  Explain why unlimited liability is an advantages of a

explain why unlimited liability is an advantages of a corporation. what are some other advantages and disadvantages of

  Discuss daniel should choose which option and why

Daniel has a 33% marginal tax rate and wants to maximize his after-tax earnings. Daniel should choose which option and why?

  What the noncontrolling interest share of sparis net income

Net income for Sparis was $912,000 during 2011. What was the noncontrolling interest's share of Sparis' net income for 2011

  Explaining why a difference is bad debts expense

Write a one-page memorandum to him explaining why a difference is bad debts expense and the allowance for doubtful accounts is not unusual. The company estimates bad debts expense as 2% of sales.

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