Business, 10.05.2021 20:00 natalie2sheffield
For each item, enter the appropriate amounts in the associated cells.
Scenario Amount Adjusted Gain Gain Sec. 1245 Sec. 1231
realized basis realized recognized recapture gain
Jim exchanged an old machine used
in his trade or business for a new
machine plus $50,000 cash. Jim
purchased the old machine for $345,000
and deducted $45,000 of depreciation on
the old machine. The new machine has a
fair market value of $450,000.
Jerry purchased a new machine for $100,000.
A few years later, Jerry sold the machine for
$90,000. Before selling the machine,
Jerry claimed $40,000 in depreciation.
Answers: 3
Business, 22.06.2019 06:40
Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.
Answers: 3
Business, 22.06.2019 13:30
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
Business, 22.06.2019 16:30
Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.
Answers: 3
Business, 22.06.2019 21:30
True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.
Answers: 1
For each item, enter the appropriate amounts in the associated cells.
Scenario Amount Adjusted Gai...
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