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Question - In April of 2019, Shawn purchased and placed in service $70,000 of automobiles (5-year class life) for his business. In August of 2019, he purchased and placed in service $40,000 of trucks (5-year class life) for his business. In November of 2019, he purchased and placed in service $90,000 of furniture (7-year class life) for his business. These are the only assets placed in service during the year. His taxable income (before the 179 deduction) for 2019 is $50,000. Shawn elects to take his full allowable Section 179 deduction but no additional first-year depreciation in 2019. What depreciation convention (half-year mid-quarter, mid-month) will he be required to use under MACRS? Which assets should he allocate his Section 179 deduction to in 2019 in order to minimize his 2019 tax liability? What is Shawn's depreciation deduction for 2019? Show work!
On the first day of the fiscal year, a company issues a $6,800,000, 11%, Journalize the bond issuance
hayase corporation processes sugar beets that it purchases from farmers. sugar beets are processed in batches. a batch
What is the purpose of the management discussion and analysis section (MD&A)? Why is it important for financial statements to receive an unqualified auditor's?
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Find the depreciation expense for the following long term assets - 11/10/18 - Bought 2007 Freight-liner ($21,000) 7 Years Residual Value: $5,500
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Assume you are part of the systems development team at a medium-sized organization. You have just completed the database design por- tion of the systems design phase, and the project sponsor would like a status update.
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