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Question - Mr. D purchased an automobile for use in his business for $10,000 in 2013. For the years 2015 through 2019, he used the maximum standard mileage rate to figure his car expense deduction. What would Mr. D's car expense deduction be in 2020, using the standard mileage rate, if the auto was driven 20,000 miles for business use, and the business mileage from prior years is 100,000 miles?
1 the normal selling price of the jousting equipment is 325000 and the cost of the asset to kingdom leasing inc. was
Why do some accountants believe that it should offset the year-end inventory balance with a fund balance-non-spendable when no comparable fund balance is required for cash, taxes receivable, or most other assets?
You want to buy a $210,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. How much is the loan amount going to be
simpson construction entered into a contract to construct a floating bridge across a lake. the contract price for the
Fixed selling and administrative $ 62,100, What is the net operating income for the month under variable costing
If Mona elects to opt out of special depreciation for the new fence, what is the amount of current depreciation for this asset
Both the $700 and $950 checks cleared the next year. How much does Sarah have to include in her gross income for 2015?
Required: Determine the present value, assuming that he is able to invest funds at a 8% rate, which alternative should John choose
Prepare an income statement for the year ended December 31, 2011. Include only the realized gross profit in the incomestatement.
How do you calculate the interest and principal payments for Straight Line Amortization method
Assume that the Town of Boonsville maintains an Agency Fund for its employees, insurance with-holdings, another for its employees, income tax withholdings, and a third for its employees, pension contributions.
What should be the balance of the Discount on Notes Payable account on the books of Jefrey at January 1, 2005 after the first payment is made, assuming that the effective interest method is used?
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