User Account

All Pages

Determine the cost recovery for the asset for hazel

Assignment Help Managerial Accounting
Reference no: EM132720069

Problem 1: Hazel purchased a new business asset (five-year asset) on September 30, 2018, at a cost of $100,000. On October 4, 2018, Hazel placed the asset in service. This was the only asset Hazel placed in service in 2018. Hazel did not elect § 179 or additional first-year depreciation. On August 20, 2019, Hazel sold the asset. Determine the cost recovery for 2019 for the asset.

a.$14,250
b.$19,000
c.$38,000
d.None of these choices are correct.

Reference no: EM132720069

Questions Cloud

How did that language impact you the person : Provide an example of a situation where you encountered (or an example on television or friend/family experienced, etc.) hate speech or loaded language.
What is the direct labor rate variance for dreidell corp : What is the Direct Labor Rate Variance? Dreidell Corporation expected to use 4.5 direct labor hours to produce one unit of their product
Find what is the simple rate of return on the investment : The Hinck Corp is purchasing a new machine for $520,000. What is the simple rate of return on the investment to the nearest tenth of a percent?
Find a schedule calculating the balance in blue spruce corp : At January 1, 2020, the credit balance. Find A schedule calculating the balance in Blue Spruce Corp.'s Allowance for Doubtful Accounts at December 31, 2020.
Determine the cost recovery for the asset for hazel : Hazel purchased a new business asset. On August 20, 2019, Hazel sold the asset. Determine the cost recovery for 2019 for the asset.
Find and solve inventory value of the units unsold in hand : Find and Calculate the inventory value of the units unsold in the hands of the consignee at December 31, 2020. On August 15, 2020, Japan Ideas consigned 750
How conducting the gap analysis might have changed : Explain how conducting this gap analysis might have changed the organizational structure at NASA leading up to the Columbia accident and provide two gap.
What the contribution margin per unit for product x would be : What the contribution margin per unit for Product X would be? The selling price, variable cost, and sales mix for the products are presented
What role manager play in each stage of program development : For this journal assignment, assess the role of the manager in program planning, design, and evaluation. What role does the manager play in each stage.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd