Cost basis of the new asset for depreciation purposes

Assignment Help Business Economics
Reference no: EM131415897

A new truck was purchased for $180,000 by trading in a similar truck that had a book value of $55,200. Assuming that the trade-in allowance is $46,000, what is the cost basis of the new asset for depreciation purposes?

Reference no: EM131415897

Questions Cloud

What the professional responsibility of genetic counseling : Life-span development psychology question: What is the professional responsibility of genetic counseling? What are some of the difficulties genetic counseling faces
Find the value of range of frequency distribution age : Find the value of range of frequency distribution Age.- in years : 14,15,16,17,18,19,20- No.of.students: 1,2,2,2,6,4
Conceptualize the disorder using the biopsychosocial : Evaluate three peer reviewed research studies using the Research Analysis and conceptualize the disorder using the biopsychosocial or diathesis-stress models.
Why are auditors concerned with management fraud : Briefly explain the role of the board of directors and how such a situation could indicate management fraud. Why are auditors concerned with management fraud?
Cost basis of the new asset for depreciation purposes : A new truck was purchased for $180,000 by trading in a similar truck that had a book value of $55,200. Assuming that the trade-in allowance is $46,000, what is the cost basis of the new asset for depreciation purposes?
Whether the random variable is discrete or continuous : If you know that the number of possible values a random variable can have is finite, do you know whether the random variable is discrete or continuous?
Do you think that mandating offenders to enlist in military : Years ago, judges used to give young offenders the option of enlisting in the military as an alternative to going to jail. While the military now has policies guarding against mandated enlistment instead of incarceration, the discussion has again ..
What four kinds of nonverbal communication : What four kinds of nonverbal communication are important in interpersonal relationships? Define each one of them, and give examples from your personal/professional life or situations that show how they impact communication.
Describes treatment options based on theoretical models : Create a 10- to 15-slide Microsoft PowerPoint presentation on substance-related disorders that includes the following: Describes treatment options based on theoretical models and current research and Explains the behavioral criteria

Reviews

Write a Review

Business Economics Questions & Answers

  Make social user costs different from private user costs

What are some of the factors that could make social user costs different from private user costs in the case of mineral extraction?

  Inflation expectations and required real yields occurred

Suppose that several months of data showed the CPI increasing at a 4 % annual rate due largely to increases in the price of energy and food related commodities following several years when the CPI only increased by 2.2 % per year. What would you expe..

  Make merchandising decisions that support this strategy

Play Around Toys Inc. operates stores in different regions of the country. The senior management of Play Around Toys Inc. has decided to tailor the merchandise selection for each store based on its sales patterns. What types of data are other retail ..

  Country has no financial markets

If the marginal cost of planting and harvesting an acre is $7000 per acre for each of the five acres, how many acres should the farmer plant and harvest.

  Demand the result of summing individual demand curves

Why is market demand the result of summing individual demand curves horizontally as oposed to summing them vertically?

  Coase theorem to produce an efficient equilibrium

A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two met..

  Cause a decrease in the quantity supplied at each price

Assume the supply function for good X can be written as Qs = -100 + 27Px - 5Py - 1.8W, where px=the price of x, Py=the price of good y, and w = wage index for workers in industry x. According to this equation: 1. each one unit increase in price cause..

  Trade balance between china and the u.s.

Consider a couple's decision about how many children to have.Assume that over a lifetime a couple has 200000 hours of time either work or raise children.The wage is RM10 per hour.Raising a child takes 20000 hours of time.

  Another by strong departmental or divisional lines

When units at MNO International are isolated from one another by strong departmental or divisional lines, it refers to

  Firm is said to have excess capacity when

A firm is said to have excess capacity when:

  Globalization eventually change the market structure

It is reasonable to assume that the barriers to entry in market will remain in place despite technological change and competition? Consider newspaper. In most countries there are a fee widely- read newspaper, making this particular section an olipolo..

  Identify where a trademark is registered

Identify where a trademark is registered, what one should do when requesting registration and what the governmental office involved would then do. Identify circumstances under which a trademark will not be accepted for registration.

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