Total cost recovery for 2012

Assignment Help Finance Basics

Reference no: EM13214209

Olga is the proprietor of a small business. In 2012, the business income, before consideration of any cost recovery or § 179 deduction, is $250,000. Olga spends $600,000 on new seven-year class assets and elects to take the § 179 deduction on them. She elects not to take additional first-year depreciation. Olga's cost recovery deduction for 2012, except for the cost recovery with respect to the new seven-year assets, is $95,000. Determine her total cost recovery for 2012 with respect to the seven-year class assets and the amount of any § 179 carryforward.

Reference no: EM13214209

Questions Cloud

What effect system will have on total quantity of garbage : Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are allowed to put out as many cans as they wish. The average household disposes of three cans of garbage per week under this plan.

Define what is the value of kf for acetic acid : What is the value of Kf for acetic acid, given that its freezing temperature is 16.6 C and its density is 1.049 g/mL? Experiments show that a solution prepared by dissolving 5.00 grams of water

What is firms total revenue if it produces four units output : 1. Suppose the inverse demand curve facing a firm is given by the linear equation P=64-8Q. What is the marginal revenue of the firm's 4th unit of output 2. Suppose the inverse demand curve facing a firm is given by the linear equation P=64-8Q.

Explain combination reaction to produce calcium hydroxide : Calcium oxide reacts with water in a combination reaction to produce calcium hydroxide: CaO(s) + H2O(l) --> Ca(OH)2(s). In a beaker, 1.45 g of H2O is added to 1.50g of CaO

Total cost recovery for 2012 : Determine her total cost recovery for 2012 with respect to the seven-year class assets and the amount of any § 179 carryforward.

Explain furan and hexachlorobenzene : What functional groups can you identify within the coumpounds; dioxin, Furan, Hexachlorobenzene, what structural features

Determine who is more likely to attend the game : You and your friend Joe have identical tastes. At 2 p.m., you go to the local Ticket master outlet and buy a $30 ticket to a basketball game to be played that night in Syracuse, 50 miles north of your home in Ithaca. Joe plans to attend the same g..

Explain what is the molarity of the solution : Commercial concentrated aqueous ammonia is 28% by mass and has a density of 0.90 .What is the molarity of this solution?

Explain the sample aliquot is oxidized in acidic persulphate : Can someone please draw the scheme of Selenium: "A sample is preserved in the field at 4oC. The sample aliquot is oxidized, in acidic persulphate

User Account

All Pages