Herelt Inc., a calendar year taxpayer, purchased equipment for $383,600 and placed it in service on April 1, 2020. The equipment was seven-year recovery property, and Herelt used the half-year convention to compute MACRS depreciation. Required:
a. Compute Herelt’s MACRS depreciation with respect to the equipment for 2010 and 2011.
b. Compute Herelt’s adjusted basis in the equipment on December 31, 2011.
c. Compute Herelt’s MACRS depreciation for 2012 if it disposes of the equipment on February 9, 2012.

You manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%. the rate on treasury bills is 6%. your client chooses to invest $60,000 of her portfolio in your equity fund and $40,000 in a t-bill money market fund. what is the expected return and standard deviation of return on your client’s portfolio?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.