Find third-year depreciation using macrs for fleet of taxis

Assignment Help Mathematics
Reference no: EM131628143

Question: 1. Jones' Automotive purchased equipment for $195,000 and takes the maximum section 179 deduction. What is the first year's depreciation on the 7-year property if the property is placed in service in July 2011?

2. Find the third-year depreciation using MACRS for a fleet of taxis (5-year property) that is purchased and placed in service at midyear. The price of the fleet is $154,971 and the maximum $125,000 section 179 deduction was elected when the fleet was placed in service.

Reference no: EM131628143

Questions Cloud

Find the depreciation that can be taken for the horse : Kentucky Thoroughbred Farms has a racehorse that is just over 2-years old. The racehorse, a 3-year property, is being placed in service midyear.
Define the course material preferably from ebscohost : Use at least two references from outside the course material, preferably from EBSCOhost. but are not counted toward the two reference requirement.
Investment in portfolio : Describe specific aspects of each type of fund that an investor needs to consider before including the investment in their portfolio.
Examine workplace privacy as it relates to emails : From the second e-Activity, examine workplace privacy as it relates to emails and Internet communication.
Find third-year depreciation using macrs for fleet of taxis : Find the third-year depreciation using MACRS for a fleet of taxis (5-year property) that is purchased and placed in service at midyear.
Describe a challenging workplace situation : Describe a challenging workplace situation that you have encountered in the past or are anticipating in the future.
Explain the accumulated depreciation : A Western Star over-the-road tractor is purchased for $132,895 and placed in service in July 2010. The owner elects to depreciate this 3-year property.
Identify in which box each piece of data relates : Identify in which box each piece of data relates, and justify why. How well does the model work in this situation?
Examine ethical issues and dilemmas in business : Analyze scenarios to determine the ethical character of decisions made and the related impact on the organization.

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

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