Business, 02.04.2020 02:59 AngstyGroot

Andre acquired a computer on march 3, 2017, for $2,800. he elects the straight-line method for cost recovery. andre does not elect immediate expensing under § 179. he does not claim any available additional first-year depreciation.

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His cost recovery deduction for the computer is $for 2018 and $ for 2019. For 2018: $2,800 x 10% (Exhibit 8.5) = $280. For 2019: $2,800 x 20% (Exhibit 8.5) = $560

Answer from: mpatel12

US GAAP allows computers to be depreciated using the straight line method for useful life periods ranging from 3 to 5 years. Depending on the useful life we select, the cost recovery per year will vary:

useful life 5 years useful life 3 years

2017* = $2,800 / (5/2) = $280 = $2,800 / (3/2) = $467

2018 = $2,800 / 5 = $560 = $2,800 / 3 = $933

2019 = $2,800 / 5 = $560 = $2,800 / 3 = $933

2020 = $2,800 / 5 = $560 = $2,800 / (3/2) = $467

2021 = $2,800 / 5 = $560

2022 = $2,800 / (5/2) = $280

total recovery $2,800 $2,800

*Since the purchase was made on March, we can recover only half year during 2017

Answer from: Quest

they work in some type of way

Answer from: Quest

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.

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Andre acquired a computer on march 3, 2017, for $2,800. he elects the straight-line method for cost...

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