Depreciation deductions-accelerated depreciation

Assignment Help Accounting Basics
Reference no: EM1358921

In November 2011, Kendall purchases a computer for $4,000. She does not use Sec. 179. She only uses the most accelerated depreciation method possible. The computer is the only personal property which she places in service during the year. What is her total depreciation deduction for 2011?

A. $200

B. $572

C. $800

D. $1,000

Reference no: EM1358921

Questions Cloud

Calculate the expected value of unit sales : Myers Business Systems is estimating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given below:
Deduction for qualifying five-year equipment : Elaine owns an unincorporated manufacturing business. In 2011, she purchases and places in service $250,000 of qualifying five-year equipment for use in her business. Her taxable income from the business before any section 179 deduction is $70,000..
Business management - the appraisal process : Do you agree with the observation that managers are tempted to just get the appraisal process over with and possibly take care of the appraisal through e-mail?
What is the acceleration of two falling sky divers : What is the acceleration of two falling sky divers. Some European trucks run on energy stored in a rotating flywheel, with an electric motor getting flywheel up to its top speed of 440 π rad/s. One such flywheel is a solid, uniform cylinder with a ..
Depreciation deductions-accelerated depreciation : In November 2011, Kendall purchases a computer for $4,000. She does not use Sec. 179. She only uses the most accelerated depreciation method possible.
Determine the current value of a share : The Foreman corporation earnings and common stock dividends have been growing at an annual rate of 6% over the past ten years and are expected to continue increasing at this rate for the foreseeable future.
Program to overload the addition assignment operator : Overload the addition assignment operator (+=), the subtraction assignment operator (-=), and the multiplication assignment operator (*=).
Industrial-organization psychologist : If you work as an Industrial-Organization psychologist to give advice to electronic industries, what suggestions would you make?
Recognized gross profit on installment sale : Kyle sold land on the installment basis for $100,000. His basis in the land was $70,000. Kyle received a $40,000 down payment and a real estate installment sale contract calling for $60,000 in additional payments in future years.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Requirements of sarbanes-oxley act

Which of the following is a requirement of the Sarbanes-Oxley Act?

  Money market hedge

Explain the steps to take for a money market hedge. You need to describe clearly the amounts which are related to the actions to take.

  Determine the quantity of spoiled units

Explain the product and the production process. Describe how you would find out the quantity of spoiled units that are normal versus abnormal. Explain how you would determine the cost of good units, normal spoilage and abnormal spoilage.

  Change in accounting estimate

A change in an accounting estimate is: how much depreciation expense should the company recognize on December 31, 2010?

  Capm and venture capital

CAPM and Venture Capital

  Meaning of a favorable variance and an unfavorable variance

Prepare a memorandum - Does Cost of Goods Sold decrease or increase when concluding a favorable variance? Does gross margin increase or decrease when a favorable variance is closed to Cost of Goods Sold? Describe.

  Trade between buyer and seller

Suppose that the terms of trade between a buyer and a seller are free on board (FOB) destination. What document provides evidence that a liability exists and might be unrecorded?

  Bond journal entries

Crow Co. issued 493,000 of 10%, 20 yr. bonds on Jan, 1, 2010, at face value. Interest is payable annually on Jan. 1. Prepare journal entries to record the last of the following events:

  Determine the eliminating entries

Determine the eliminating entries necessary for the 20X9 consolidated financial statements. Provide correct eliminating entries necessary for the 20X9 consolidated financial statements.

  Managerial accountancy based true false questions

Setting discount rates are too high due to fear of future rates tends to bias decisions against making strategic investments.

  Gross income with respect to bonds

Hugo was planting a tree when he unearthed 100,000 certificates of ITT bearer bonds, with a current value of $4 million.

  Gaap-acconting equation

The framework used to record and summarize the economic activities of a business enterprise is referred to as the accounting equation. State the basic accounting equation and define each of its major components. How are business transactions and f..

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