subject
Business, 17.12.2021 05:20 mickeyo2003

In February 2021, Patricia acquired a new, lightweight electric passenger car costing $72,000. She used the car 75% in her sole proprietorship business. Assuming Section 179 does not apply, but bonus depreciation does apply, Patricia's maximum depreciation deduction allowable for the car in 2021 will be

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:50
Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship
Answers: 2
question
Business, 22.06.2019 11:10
Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.
Answers: 1
question
Business, 22.06.2019 11:10
Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?
Answers: 3
question
Business, 22.06.2019 11:40
Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?
Answers: 1
You know the right answer?
In February 2021, Patricia acquired a new, lightweight electric passenger car costing $72,000. She u...
Questions
question
Mathematics, 12.12.2020 16:00
question
Mathematics, 12.12.2020 16:00
question
Mathematics, 12.12.2020 16:00
question
Mathematics, 12.12.2020 16:00
question
Mathematics, 12.12.2020 16:00
Questions on the website: 13722362