Calculate lenux total depreciation deduction

Assignment Help Accounting Basics
Reference no: EM131941930

Question - In April 2016, Lenus Corp (a calendar year business) purchased $568,000 of new office furniture. Lenus elects Sec.179, Lenus' net income was $3,750,000. Calculate Lenux total depreciation deduction for 2016?

Reference no: EM131941930

Questions Cloud

What is the bus gain or loss on the sale : After claiming depreciation of the truck of $4000, Sarah's business sells the truck for $13,000 several years later. What is the bus's gain or loss on the sale
Analyze a character illness and treatment of psychotherapist : For this assignment please write a 5-7 page (not including the title page and references page) paper. In this paper, please analyze a character's illness.
Compute the amount of property and equipment : Compute the amount of property and equipment that United Parcel wrote off as impaired during the year. (Hint: Set up T-accounts.)
Analyze the integrated business communication : Analyze the integrated business communication. Assess the media richness of the section. Describe how the message is framed. Identify opinion leaders.
Calculate lenux total depreciation deduction : Lenus elects Sec.179, Lenus' net income was $3,750,000. Calculate Lenux total depreciation deduction for 2016
How does the commerce clause limit what congress can do : Are you aware of any cases in which the initial boundaries of the Commerce clause have been stretched?
First two bins of a group data distribution : 1. Suppose the first two bins of a group data distribution are 12.0 to 14.9, and 15.0 to 16.9.
How should the transaction price allocated : Marigold Company manufactures equipment. How should the transaction price of $920,000 be allocated among the service obligations
Identify the claim and warrant in the statement : Share your revised thesis statement and identify the claim and warrant in that statement. Which of the logical appeals might be most useful to emphasize.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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