What the depreciation on the computer

Assignment Help Accounting Basics
Reference no: EM133060321

Question - On August 23, 2020, Abbas bought a computer for $75,000 for business use. This was the only purchase for that year. Abbas used the most accelerated depreciation method available but did not elect Sec. 179. Bonus depreciation was not available. Abbas sells the machine in 2021. What the depreciation on the computer for 2021?

A) $2,400.

B) $6,600.

C) $8,000.

D) $12,000.

Reference no: EM133060321

Questions Cloud

Discuss the potential impact of decentralized finance : Discuss the potential impact of Decentralized Finance (DeFi) applications on commercial banks. Relate your answer to the reason why banks exist.
Compute the balance of As Investment in B account : The income is $40,000 and dividends are $20,000 for year 2014. Present clear steps to compute the balance of A's Investment in B account as of 12/31/2014
What is the current price of a european put option : A stock sells for $50 today. Next year there is a 10% chance the stock will sell for $25 and a 90% chance the stock will sell for $75. The one-year risk-free ra
Variation in the strength of institutions : A large portion of the world was colonized at some point throughout the history. Very briefly, why is there so much variation in the strength of institutions ar
What the depreciation on the computer : Bonus depreciation was not available. Abbas sells the machine in 2021. What the depreciation on the computer for 2021
What is the minimum amount of demand deposits : a. Assume that the FI only funds those loans, what is the minimum capital required under Basle III in the adequately capitalized zone?
Explain the concept of market failure : With relevant examples briefly explain the concept of Market failure. four (4) When markets fail, the government often intervenes by regulating an industry.
Describe major functions of the audit working papers : Describe major functions of the audit working papers. Distinguish between the permanent working paper file and the current working paper file
What are the strengths of an irr calculation : a. What are the strengths of an IRR calculation? b. How do we meke a 10-year cash flow projection? c. How do we calculate an IRR?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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