A package delivery truck with a five-year MACRS class purchased at $80,000. It was purchased and placed in service on January 5, 2020. The applicable salvage values would be $40,000 in 2021, $10,000 2023, and $2,000 in 2027.) Compute the gain or loss amounts when the asset is disposed of in:

2021 ________
2023 ________
2027 ________

Answers

Answer 1

Answer:

gain if sold at the end of 2021 = $1,600

loss if sold at the end of 2023 = -$3,824

gain if sold at the end of 2027 = $2,000

Explanation:

MACRS half year convention depreciation rate for 5 year recovery period

year             depreciation %     depreciation expense        book value

0                                                                                               $80,000

2020                   20%                       $16,000                         $64,000              

2021                    32%                       $25,600                        $38,400

2022                   19.20%                   $15,360                        $23,040

2023                   11.52%                    $9,216                          $13,824

2024                   11.52%                    $9,216                          $4,608

2025                   5.76%                     $4,608                         $0

gain if sold at the end of 2021 = $40,000 - $38,400 = $1,600

loss if sold at the end of 2023 = $10,000 - $13,824 = -$3,824

gain if sold at the end of 2027 = $2,000


Related Questions

When the Federal government takes action to change taxes and spending to stimulate the economy such policy is:_________

a. Passive
b. Automatic
c. Discretionary
d. Nondiscretionary

Answers

Answer:

c. Discretionary

Explanation:

The discretionary policy is the policy that depends upon the judgement of the people who made the policy. It also deals in the decision making with respect to the monetary and fiscal policy

So here in the given situation, it is mentioned at the time of taking the action by the federal government with respect to change in the taxes and the spending in order to stimulate the economy

So this situation represents the discretionary policy

therefore the option c is correct

When the character playing Alice in Wonderland signed autographs and had her picture taken with guests at Disneyworld, it was an example of a(n):______

a. Customer action
b. Onstage contact employee action
c. Backstage contact employee action
d. Support process
e. Audience action

Answers

Answer: B. Onstage contact employee action

Explanation:

When the character playing Alice in Wonderland signed autographs and had her picture taken with guests at Disneyworld, it was an example of onstage contact employee action

Onstage visible actions by employees are referred to as the face-to-face contacts that the employees of an organization have with their customers while delivering the products. For the backstage contact employee action, those are not visible to customers.

2. Which of the following was NOT a factor which led to the proliferation of life insurance?

Answers

Answer:

There are no option, for a question of this format theer NEEDS to be options to choose from.

Please put the options in the replies of this answer and I'll gladly answer your question.

Explanation:

May I have brainliest please? :)

Answer: all of the above

Explanation:

I got you

Which of the following best explains how the rise of machinery created an unfriendly relationship between industrialists and their employees?
A. The industrialist earned his income from the work of others.
B. There was a lack of unions.
C. The employees were underpaid.

Answers

Answer:

C

Explanation:

In as much as these are the only options given, then there has to be an answer there. Even though I fancy there being another answer.

But I'd say, the closest to the reason from the aforelisted is that the employees were underpaid. Since the advent of machineries, truth is that there wasn't going to be need for employees. This is because machines tend to have a much better output, better efficiency and won't need to be paid monthly in wages.

Since there isn't need for employees again, the industrialist tend to underpay the employees because they don't see their useful in the first instance

The rise of the use of machine is on the increase. The best explanation as to how the rise of machinery created an unfriendly relationship between industrialists and their employees is the employees were underpaid.

The industrialists did treat their workers bad.  They make sure to keep wages as low as ever. Their attitude towards their employee was like if employee did not like the pay, the long hours and other working conditions he could quit and go to other places.

They were super-rich, living in great homes, living life lavishly abut their employees were paid little sum as if they do not have any choice.

Learn more about Industrialist from

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Countries are better able to negotiate free-trade agreements because of the
existence of the which of the following?
A. World Trade Organization
B. Chicago Mercantile Exchange
C. Internal Revenue Service
D. Securities and Exchange Commission

Answers

A. World Trade Organization

Answer:

World Trade Organization

Explanation:

took the test

Total fixed costs for Diamond Enterprises are $800,000. Total costs, including both fixed and variable, are $890,000 if 120,000 units are produced. What would be the fixed cost per unit at 200,000 units?a) $4.00 per unitb) $7.42 per unitc) $4.45 per unitd) $0.45 per unit

Answers

Answer:

a. $4.00 per unit

Explanation:

Variable costs are those costs that varies with output level e.g labor cost, while fixed costs are those costs that do not change irrespective of output level. eg rent.

Given that ,

Total cost = $890,000

Total fixed cost = $800,000

Variable cost = Total cost - Total fixed cost

Variable cost = $890,000 - $800,000 = $90,000

Number of units = 200,000

Fixed cost per unit = Total fixed cost / Number of units

Fixed cost per unit = $800,000 / 200,000 = $4 per unit

The Hewlett-Packard Company (HP) sells its computer printers in the United States and abroad. What will happen to the equilibrium price and the equilibrium quantity in this country's market for the HP printers in response to a decrease in the price of this product abroad?A. The answer cannot be ascertained without additionalinformation.B. The price will increase and the quantity demanded will increase.C. The price will increase and the quantity demanded will decrease.D. The price will decrease and the quantity will increase.E. The price will decrease and the quantity demanded will decrease

Answers

Answer: A. The answer cannot be ascertained without additional information.

Explanation:

There are different reasons that could explain why the price of the HP Printers would reduce abroad but not in this country. HP could be producing computers abroad for instance and this country charges import duties when HP imports but import duties are not charged abroad.

There also could be a difference in currency value and standard of living influencing how HP prices its goods abroad as well as other factors. More details would therefore be needed to answer this question.

100 points
Think of two methods used to improve productivity in business. Discuss your reasons for choosing these methods.

Answers

Answer:

Improve workplace conditions

Explanation:

environment that’s too hot or too cold distracts from concentration, as employees will spend more time walking around to get their coats or an electric fan. Ensure both heating and air-conditioning systems are in working order for when the relevant season comes around

Answer:

Improve workplace conditions

Explanation:

Find the present value of $9,000 payable at the end of 4 years, if money may be invested at 4% with interest compounded continuously.

Answers

Answer:

the present value is $7,669.294

Explanation:

The computation of the present value is shown below:

As we know that

A = Present value × e^(rate × time period)

$9,000 = Present value  ×  e^(0.04 × 4)

Present value = $9,000 ÷ e^0.16

= $9,000 ÷ 1.1735

= $7,669.294

Hence, the present value is $7,669.294

We simply applied the above formula so that the correct value could come

And, the same is to be considered

If Treasury bills are currently paying 5.75% and the inflation rate is 2.8%, what is the approximate and the exact real rate of interest?

Answers

Answer:

The exact real rate of interest is:

2.95% (5.75% - 2.8%).

Explanation:

The real rate of interest of 2.95% is the interest rate that has been adjusted to remove the effect of inflation of 2.8%.  This implies that the nominal rate is 5.75%.  When inflation rate of 2.8% is removed from the nominal rate, we then obtain the real rate of interest as 2.95%.  It is normally computed as the nominal interest rate minus the expected rate of inflation.

When you add additional forms to a project, you add additional ________, which are stored in their own files.

Answers

classes


hope this helps

As a vice president of a financial services company, you serve many clients, and they sometimes ask your company to contribute to their favorite charities. You recently received a letter from Elliana Larios asking for a substantial contribution to the National Court Appointed Special Advocate (CASA) Association. On visits to your office, she has told you about its programs to recruit, train, and support volunteers in their work with abused children. She herself is active in your town as a CASA volunteer, helping neglected children find safe, permanent homes. She told you that children with CASA volunteers are more likely to be adopted and are less likely to reenter the child welfare system.
You have a soft spot in your heart for children and especially for those who are mistreated. You sincerely want to support CASA and its good work. But times are tough, and you can't be as generous as you have been in the past. Ms. Larios wrote a special letter to you asking you to become a Key contributor, with a pledge of $2,000
Your Task Write a refusal letter that maintains good relations with your client. Address it to Ms. Elliana Larios, 8569 East 39th Street, Phoenix, AZ 85730.

Answers

As a vice president of a financial services company, you serve many clients, and they sometimes ask your company to contribute to their favorite charities. You recently received a letter from Elliana Larios asking for a substantial contribution to the National Court Appointed Special Advocate (CASA) Association. On visits to your office, she has told you about its programs to recruit, train, and support volunteers in their work with abused children. She herself is active in your town as a CASA volunteer, helping neglected children find safe, permanent homes. She told you that children with CASA volunteers are more likely to be adopted and are less likely to reenter the child welfare system.

You have a soft spot in your heart for children and especially for those who are mistreated. You sincerely want to support CASA and its good work. But times are tough, and you can't be as generous as you have been in the past. Ms. Larios wrote a special letter to you asking you to become a Key contributor, with a pledge of $2,000

Your Task Write a refusal letter that maintains good relations with your client. Address it to Ms. Elliana Larios, 8569 East 39th Street, Phoenix, AZ 85730.

Southwest U's campus book store sells course packs for $15 each, the variable cost per pack is $10, fixed costs to produce the packs are $200,000, and expected annual sales are 50,000 What are the pre-tax profits from sales of course packs?A. $72,900.B. $81,000.C. $90,000.
D. $100,000.
E. $110,000.

Answers

Answer:

Pre-tax income= $50,000

Explanation:

Giving the following information:

Selling price per unit=$15 each

Unitary variable cost= $10

Fixed costs= $200,000

Sales in units= 50,000

First, we will determine the unitary contribution margin:

Unitary contribution margin= 15 - 10= $5

Now, the pre-tax income:

Pre-tax income= 50,000*5 - 200,000

Pre-tax income= $50,000

What is the IRR for a project that costs $100,000 and provides annual cash inflows of $30,000 for 6 years starting one year from today

Answers

Answer:

19.91 %

Explanation:

The Internal Rate of Return (IRR) is the Interest rate that will make the present values of cashflows equal to the price of the Initial investment.

Calculation of IRR of Project A using a Financial Calculator :

($100,000) CFj

$30,000         Cfj

$30,000         Cfj

$30,000         Cfj

$30,000         Cfj

$30,000         Cfj

$30,000         Cfj

Shift IRR/YR 19.9054 or 19.91 %

Anna does not have the admission fee to get into and amusement park. She convinces her friend, Steven,

to let her hide in the trunk of his car so that she can sneak into the park. She defends her actions by

saying that the loss to the amusement park is 'intangible" because no one was hurt and because she

did not really take anything of value. She also says that she is just a teenager who doesn't have as much

money as the rich owners of the park. Why is the theft wrong despite Anna's feelings?

Answers

Answer: see explanation

Explanation:

Based on the scenario that has been discussed in the question, the theft is wrong despite Anna's feelings because Anna did not pay the admission fee to get into the amusement park. This ultimately leads to the reduction in revenue on the part of the owner of the amusement park.

Let's take a look at a scenario whereby everyone who got into the amusement park did exactly thesame thing that Anna did,this simply means that no one will pay and the owner of the amusement park might eventually close down due to the fact that he or she will run at a loss. Anna's decision to hide in the trunk and enter the amusement park isn't ethical as well.

The ________ technique fits situations where more recent events carry greater influence. a. dynamic forecasting b. moving average forecasting c. indexing d. static forecasting

Answers

Answer: a. Dynamic forecasting

Explanation:

Dynamic forecasting has to do with when the forecasted value or the predicted value of the dependent variable that us lagged in a research is used rather than using the actual value.

The dynamic forecasting technique fits situations where more recent events carry greater influence.

Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $25. Inventory is salvaged for $5. What is its maximum profit?

a. $10,500
b. $8,500
c. $7,500
d. $6,000

Answers

Answer:

c. $7,500

Explanation:

Profit Maximization is a process in which an entity determines the selling price and cost of the product that results in the highest profit.

Use following formula to calculate the maximum profit

Maximum profit = Mean demand x ( Price per unit - Cost per unit )

Where

Mean demand = 500

Price per unit = $25

Cost per unit = $10

Placing values in the formula

Maximum Profit = 500 x ( $25 - $10 )

Maximum Profit = $7,500

Trevor Ang holds a $400,000 portfolio consisting of the following stocks:

Stock Investment Beta
A $100,000 1.40
B $70,000 1.60
C $30,000 1.10
D $200,000 1.00
Total $400,000

What is the portfolio's beta?

Answers

Answer:

Portfolio beta = 1.2125

Explanation:

The portfolio beta is a function of the weighted average of the individual stocks' betas that form up the portfolio. To calculate the beta of a portfolio, we use the following formula,

Portfolio Beta = wA * Beta of A  +  wB * Beta of B  + ... + wN * Beta of N

Where,

w is the weight of each stock

Portfolio Beta = 100000/400000 * 1.4  +  70000/400000 * 1.6  +  

30000/400000 * 1.1  +  200000/400000 * 1

Portfolio beta = 1.2125

On January 1, 20XA, Tie Company purchased a machine that had a sticker (list) price of $22,000. The seller agreed to allow Tie Company to pay for the machine over a three-year period at 10% interest on the unpaid balance and with equal payments of $8,444 due at the end of 20XA, 20XB, and 20XC. The amount that should be debited to the asset account, Machinery, on the day the contract was initiated is (rounded to the nearest dollar)A) $27,865.B) $25,332.C) $22,000.D) $20,999.E) None of the above is correct.

Answers

Answer:

I cant understand that question

The amount that should be debited to the asset account, Machinery, on the day the contract was initiated is  $22,000. Option C is correct.

What is Machinery?

Land, machinery, vehicles, furniture, computer equipment, buildings, and other equipment are examples of fixed assets. Depending on how a corporation conducts business, fixed assets can vary.

Machinery is a noncurrent asset, often known as a fixed asset. A long-term investment made by your organization that is unlikely to or does not easily convert to cash within an accounting year is referred to as a noncurrent asset.

Therefore if a machinery has been acquired on credit and the payment will be made in three equal installment payable annually then the asset shall be recognized at cost of acquisition i.e. $22000 original cost requiring the asset to bring in it present and current location and condition.

Learn more about Machinery:

https://brainly.com/question/14095132

#SPJ2

Lola is preparing to buy a new home. She just received a promotion at her job
and she always pays her bills on time. Her only issue is she loves to shop,
which often doesn't leave her much money. After meeting with the realtor, it
Hooks like she will have to hold off on purchasing a new home. What area
should she most likely focus on to prepare?
O A. Overspending
B. Late payment fees and interest
C. Discouragement
O D. Credit damage

Answers

Answer:

A. Overspending

Explanation:

We note here that Lola "just received a promotion at her job," which means she is likely to have an increase in pay as a result. However, because of her love for shopping, we are told that she often doesn't have much much money left.

This most likely indicates that Lola overspends (eg on shopping, etc), making it difficult to fulfill other needs she has like buying a new home. Therefore, to prepare she needs to check the area of overspending in other to have enough money for the new home.

Answer:

It's overspending

Explanation:

she spends right as she gets her money and doesn't save anu

what is journal entry is goods return to sanjay​

Answers

Two Types of Goods Return:

Purchases Return or Return outward.
Sales Return or Return inward.
Purchases Return Goods

For Examples :

Purchases goods from Mrs. Kuheli Rs. 2000

At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $16,000. Instructions Journalize and post the adjusting entry for bad debts at December 31, 2020. Journalize and post to the allowance account the following events and transactions in the year 2020. March 1, a $1,900 customer balance originating in 2020 is judged uncollectible. May 1, a check for $1,900 is received from the customer whose account was written off as uncollectible on March 1. Journalize the adjusting entry for bad debts on December 31, 2020. Assume that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,000, and the aging schedule indicates that total estimated bad debts will be $38,300.

Answers

Answer:

a. Journal Entry

December 31, 2020:

Debit Bad Debts Expense $16,000

Credit Allowance for Doubtful Accounts $16,000

To record bad debts expense.

b. Journal Entries:

March 1, 2020:

Debit Allowance for Doubtful Accounts $1,900

Credit Accounts Receivable $1,900

To record the write-off of uncollectible account.

May 1, 2020:

Debit Accounts Receivable $1,900

Credit Allowance for Doubtful Accounts $1,900

To record the reversal of the March 1, 2020 entries.

Debit Cash $1,900

Credit Accounts Receivable $1,900

To record the receipt of check from the customer.

c. Journal Entries:

Debit Bad Debts Expense $40,300

Credit Allowance for Doubtful Accounts $40,300

To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.

Explanation:

a) Adjusting journal entries are recorded at the end of the accounting period to provide for accrued expenses and revenues, expense prepayments, and deferred revenue, including depreciation expense, thereby ensuring that the accounts are reported in accordance with the accrual concept.

Which one of these financial administration tasks or concepts involves
tracking and monitoring revenue and expenses?
O A. Hiring
O B. Bookkeeping
O C. Selling
O D. Investing

Answers

Answer:

B

Explanation:

Bookkeeping

If fruit vendors in India had consumed one less cup of tea per day and invested the money in their business, their income at the end of the day would have been _______ after thirty days.

Answers

Answer: Lesser

Explanation:

Despite it might not looks noticeable but shortage really affects production or business, especially when it's done consistently. The amount of reduction it would experience at the end of the month would be tremendous compared to the thought that it's just a little cup of tea.

40 points Please answer
Discuss how the marketing mix affects your daily life. How might you use what you know about marketing in your career?

Answers

Explanation

I cannot even count the amount of times in our daily lives where we have to make decisions. If you invest a few minutes in analyzing it, the result would be the thought of endless products, services and life decisions being made every day some of them without even much thought

What should I wear

What should I eat

What am I going to do today

What school should I choose

Will I be buying my coffee from Starbucks, McCafe or at my local coffee shop?

In particular, product and services related decisions have turned to be routine answers made automatically every day, they help move the economy of cities, countries and ultimately the world.

A US Multi National Corporation has a contract for a relatively predictable long-term inflow of Japanese yen. The firm decides to hedge the yen exposure by finding a supplier in Japan and paying for these imports in yen. This hedging strategy is known as ________.

Answers

Answer: a natural hedge

Explanation:

Natural hedge is simply a strategy that is used by a company in order to reduce risk and this is done through the investment in the assets that their performance is not positively correlated.

Such companies typically makes revenue in the currency of another country. Since the firm decides to hedge the yen exposure by finding a supplier in Japan and paying for these imports in yen, this hedging strategy is known as natural hedge.

A stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent. What must the beta of this stock be?

Answers

Answer: 0.44

Explanation:

From the question, we are informed that a stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent.

The beta of this stock be calculated as:

= (13.4% - 9%) / 10%

= 4.4% / 10%

= 0.044 / 0.10

= 0.44

Therefore, the beta of the stock is 0.44

When FBLA-PBL was first founded in 1937, it was originally for ____.

A. just college students

B. high school and college students

C. just high school students

D. junior high school students

Answers

The answer is A (sorry if wrong)

Answer:is actually b

Explanation:

What was the economy like before the corona virus??


Please help!!

5-8 lines

Answers

Answer:

BEFORE the virus, the economy was running (not perfectly) but smoothly. You could go to school without the worry of a death sentence. Marriages were more common before the virus. Concerts were available. You could go out and do things. Bears didn't have to leave the mountains for food. Businesses were running easier.

Explanation:

I hope this helps.

If Division Inc. expects to sell 200,000 units in the current year, desires ending inventory of 24,000 units, and has 22,000 units on hand as of the beginning of the year, the budgeted volume of production for the year is 202,000 units. a) True b) False

Answers

Answer:

a) True

Explanation:

Sales = Opening + Production - Closing

$200,000 = $22,000 + Production - $24,000

Production = 202,000 Units

Hence, the answer is a. True

Other Questions
A shoebox holds a number of disks of the same size. There are 5 red, 6 white, and 7 blue disks. You pick out a disk, record its color, and return it to the box. If you repeat this process 250 times, how many times can you expect to pick either a red or white disk? Think about what you learned about effectively communicating with suspects and inmates. What aspect of this type of communication would be the most challenging? Why? Which scenario might produce a new equilibrium interest rate of 5% and a new equilibrium quantity of loanable funds of $150 billion if x=-7 is a root of the equation x^2+kx+49=0, then k= A circular fountain has 132 feet of railing around it. What is the area of the fountain to the nearest square foot? Use 3.14 for . * CORRECTING SENTENCES BY ADDING APOSTROPHES Choose the word that uses the apostrophe(s) correctly. Ifa sentence is already correct, choose correct.This purse is yours, but hers is very similara her'sbhersC. herd correct Solve and explain the steps you would use in solving 2 step problemsPLEASE HELP ASAP Protected Health information (PHI) isO any information about a patient that has to do with a patient's medical history, such as existing conditions andallergies.O any information that could be used to individually identify a patient, such as name and address, aspects of thepatient's unique health history, or certain identification numbers.O any information that could be used to discriminate against a patient, such as details about his or her race or ethnicity.O any information about a patient that has to do with his or her criminal record or any other legal issues. Is nucleus a plant or animals cell what kind of landscapes does winnipeg have? The ratio of the number of stamps owned by Aiman toRazak is 2 : 5. The ratio of the number of stampsowned by Razak to James is 3: 1. Find the ratio of thenumber of stamps owned by Aiman to Razak toJames.Nisbah bilangan setem yang dimiliki oleh Aimankepada Razak ialah 2 : 5. Nisbah bilangan setemyang dimiliki oleh Razak kepada James ialah 3:1.Cari nisbah bilangan setem yang dimiliki olehAiman kepada Razak kepada James.A. 2:15:1B. 15:6:5C. 6:15:5D. 6: 15:1 What happened to food in the small intestine check all that apply Write the equation of the line y=(5)/(6)x+(7)/(6) perpendicular to that passes through the point (-8,7) African-American soldiers served courageously in nearly every battle of the Civil War.true or false how was john marshall's interpretation of the constitution different from that of thomas jefferson's Two kids are roller skating. Amy, with a mass of 55 kg, is traveling forward at 3 m/s. Jenny, who has a mass of 40 kg, is traveling in the opposite direction at 5 m/s. They crash into each other and hold onto each other so that they move as one mass. How fast are they traveling? what was the effect of city growth on women ? What occurred at the great convention in Chicago What system or organ can you check to know if your system is good? Why doesn't Delphine want to take part in the rally in One Crazy Summer ?