Debbie acquired computer equipment for her business on june

Assignment Help Accounting Basics
Reference no: EM13603905

Debbie acquired computer equipment for her business on June 15, 2009, for $32000. In 2009, Debbie claimed a regular MACRS depreciation deduction and she elected not to claim any bonus depreciation or Section 179 depreciation. However, Debbie decided not to claim any depreciation deductions on her tax returns in 2010, 2011 or 2012. The machine is sold on June 30, 2012. What is the adjusted basis of the machine on the sale date? Round all numbers to the nearest dollar.

Reference no: EM13603905

Questions Cloud

Deschambault inc is working on its cash budget for december : deschambault inc. is working on its cash budget for december. the budgeted beginning cash balance is 14000. budgeted
A single branch closed tube reads 35 cm connected to point : a u manometer reads 20 cm air as operating fluid and a given manometric fluid. a single branch closed tube reads 35 cm
Instead of rolling a die 100 times use statcrunch to : instead of rolling a die 100 times use statcrunch to simulate 100 rolls of a die. use statcrunch to create a random
If upon initial null balance r3 is 1275 ohms and if when r2 : a simple wheatstone bridge as shown in fig. 7.10 is used to determine accurately the value of an unknown resistance r1
Debbie acquired computer equipment for her business on june : debbie acquired computer equipment for her business on june 15 2009 for 32000. in 2009 debbie claimed a regular macrs
Two coupled boxcars are rolling along at 35 ms when they : two coupled boxcars are rolling along at 3.5 ms when they collide with and couple to a third stationary boxcar. a what
For 2010 omaha mechanical has a monthly overhead cost : for 2010 omaha mechanical has a monthly overhead cost formula of 42900 6 per direct labor hour. the firms 2010
Assuming the center-to-center distance of two atoms not : under a stress of 1105 mpa a sample of ag has a modulus of elasticity of 580 gpa. assuming the center-to-center
A 53 kg sprinter starting from rest runs 55 m in 76 s at : a 53 kg sprinter starting from rest runs 55 m in 7.6 s at constant acceleration. what is the magnitude of the

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