subject
Business, 19.08.2019 23:30 lol6998

On june 1, 2018, cork oak corporation purchased a passenger automobile for 100 percent use in its business. the auto, with a cost basis of $22,000, has a 5-year recovery period.. how much depreciation should be taken for 2018, assuming cork oak corporation uses the accelerated depreciation method under macrs but does not choose to make the election to expense or take bonus depreciation?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 18:30
Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake
Answers: 2
question
Business, 22.06.2019 05:40
Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?
Answers: 1
question
Business, 22.06.2019 21:30
Which is the most compelling reason why mobile advertising is related to big data?
Answers: 1
question
Business, 22.06.2019 23:00
Consider a consumer who is contemplating a new automobile purchase. she has narrowed her decision down to two brands, honda accord and ford taurus. she has identified gas mileage, price, warranty, and styling to be important attributes to consider in her decision
Answers: 1
You know the right answer?
On june 1, 2018, cork oak corporation purchased a passenger automobile for 100 percent use in its bu...
Questions
question
Mathematics, 24.02.2020 01:38
question
English, 24.02.2020 01:39
Questions on the website: 13722366