Fariq purchases and places in service in 2020 personal property costing $2,611,000. The taxpayer plans to apply the Sec. 179 deduction, but not bonus depreciation. What is the maximum Sec. 179 deduction that Fariq can deduct, ignoring any taxable income limitation

Answers

Answer 1

The maximum deduction that Fariq can deduct is $1,019,000

Solution

In the year 2020, the Sec 179 deduction expense is given as 1040000 dollars. This the deduction expense given that the qualifying personal property has a worth that is greater than 2590000 dollars.

Then the phase out would be the difference between the amount of investment and property cost

Phase out = 2611000 - 2590000

= 21000 dollars

Maximum Sec. 179 deduction = $1,040,000 - 21000

= $1,019,000

The maximum deduction that Fariq can deduct is therefore $1,019,000

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Related Questions

3 advantages of etools it for digital marketing

Answers

Answer:

10 Advantages Of Digital Marketing Over Traditional Marketing

Low cost: Marketing and advertising cost is one of the biggest financial burdens that businesses have to bear. ...

Huge return on investment: ...

Easy to measure: ...

Easy to adjust: ...

Brand development: ...

Easy to share: ...

Precise targeting: ...

Global:

In pricing models, elasticity of demand is an input with specifies the: a. range of demand b. sensitivity of demand to changes in price c. level of demand d. sensitivity of price to changes in demand

Answers

yes because it is the one that it s

In pricing models, elasticity of demand is an input with specifies the sensitivity of price to changes in demand. Thus, option D is correct.

What is elasticity of demand?

The degree to which demand reacts to a change in an economic component is known as elasticity of demand. The most prevalent economic component considered when calculating elasticity is price. Income level and the accessibility of substitutes are further considerations.

Elasticity gauges how demand changes in response to shifting economic conditions. Demand is said to be inelastic when it is unaffected by price changes. "The responsiveness of the quantity required of a good to changes in one of the variables on which demand depends is known as elasticity of demand. In other words, it is the ratio of the percentage change in the quantity demanded to the percentage change in one of the factors that affect demand.

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Universal Bank pays 7% interest, compounded annually, on time deposits. Regional Bank pays 6% interest, compounded quarterly. Based on effective interest rates, in which bank would you prefer to deposit your money?

Answers

Rate Assumptions: 500,000 Loan, 60% Loan-To-Value, Rate and Term Refinance, 740+ Credit Score, 180-month loan term, Rate Lock of 30 days. All closing costs are rounded to the nearest discount point. Request a quote to find out what you’re eligible for. We do not require a credit check for a written quote.

A country needs to build new power plants to meet the increasing demand for electric power. One possibility is to build coal-fired power plants, which cost $1300 per kW to construct and have an efficiency of 38 percent. Another possibility is to build clean-burning Integrated Gasification Combined Cycle (IGCC) plants where the coal is subjected to heat and pressure to gasify it while removing sulfur and particulate matter from it. The gaseous coal is then burned in a gas turbine, and part of the waste heat from the exhaust gases is recovered to generate steam for the steam turbine. The construction of IGCC plants costs about $1500 per kW, but their efficiency is about 48 percent. The average heating value of the coal is about 28,000,000 kJ per ton (that is, 28,000,000 kJ of heat is released when 1 ton of coal is burned). If the IGCC plant is to recover its cost difference from fuel savings in five years, determine what the price of coal should be in $ per ton. Consider the power generation capacity to be 150,000 MW

Answers

The price of coal is 64.69 $ per ton.

From the question, the differences in their masses can be seen when you find the total energy spent, their given efficiencies, and their heating value, as described in the equation below:

  m =mcoal - mIGGC

Note that, the total amount of energy (Etot) equals the given simple payback period (E. SPP)            

= Etot ÷ qHV ((1÷ηcoal) - (1÷ηIGCC))

= E. SPP ÷ qHV ((1÷ηcoal) - (1÷ηIGCC))

The amount of money saved using the IGCC is:

ΔM = (MIGCC - Mcoal) E

So to determine what the unit price of coal should be, we must consider the money saved, and the mass difference

Munit = ΔM ÷ Δm

(MIGCC - Mcoal) E  ÷ ((E. SPP ÷ qHV) (1÷ηcoal) - (1÷ηIGCC))

= qHV (MIGCC - Mcoal) ÷ spp ((1÷ηcoal) - (1÷ηIGCC))

The price of coal in $ per ton should be:

= 28 Х 10^6 (1500 - 1300) ÷ ( 5(1 ÷ 0.38) - (1 ÷ 0.48) x (365 x 24 x 60 x 60))

  = 28,000 000 X 200 ÷ (5( 2.632 - 2.083) (31,536 000))

= 64.69 $ per ton

In a summary, the answer is 64.69 $ per ton.

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What would you do if you found out that you wrote a cheque of $78 but it was recorded as $98 in check register?

Answers

dont do anything because ur getting money

QUESTION 10 of 10: You have been promoted to buyer for a mall-based fashion retailer. With your promotion, you will earn an additional
$4,000 per year. If you previously earned $58,000, what is the percentage increase in your salary?

Answers

6.9% or 14.5%

Explanation:

I did the math

I belive 6.9% is the correct answer tho

Make a list of information areas that the individuals who join foreign employment should know or understand.​

Answers

Answer:

Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. People who went overseas to work can learn different skills and technologies which can be beneficial for the development of our own country. Foreign employment reduces the unemployment problem of a country. It may help to develop international relations with other countries because the country has to do labour contract with other countries and embassies has to be established there.

what is meant by operational management?

Answers

Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization

Mark Brainliest please

Walt Disney reports the following information for its two Parks and Resorts divisions. U.S. International Current Year Prior Year Current Year Prior Year Hotel occupancy rates 87 % 83 % 79 % 78 % Assume Walt Disney uses a balanced scorecard and sets a target of 85% occupancy in its resorts. (1) Which division(s) exceeded the occupancy target during the current year

Answers

The division that exceeded the occupancy target during the current year was the United States because it had 87% occupancy.

A balanced scorecard is a management model that groups together various data to evaluate the result of a strategy related to the objectives.

A balanced scorecard works through indicators that allow aligning the behavior of the organization's members with the company's strategy.

Based on the above and the chart, the only resort that exceeded the occupancy target (85%) during the current year was the United States resort (87%)

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why it is so difficult to compare unemployment rates in the United States with unemployment rates in poorer countries?

Answers

Answer:

The unemployment rate isn't an accurate measure of joblessness simply because it doesn't consider everyone who doesn't have a job

Discussion Questions
If someone owes you money, and that person or business goes into bankruptcy, why
would it make a difference if you were a secured or unsecured creditor?
>
o First define secured and unsecured creditor then explain.

Answers


Hi how was your day mine was fine

A company wants to cultivate brand ambassadors for their new product so that others will follow their trail. They should go after:

Answers

A company that wants to cultivate brand ambassadors for its new product so that others will follow in its wake should go after celebrities and digital influencers who use social media to generate publicity and engagement for a product.

It's a marketing technique called celebrity endorsement, which is a strategy to reach a larger number of people through a certain celebrity's fan audience.

This is an advantageous strategy capable of increasing the brand equity, generating greater identification, engagement and influence over a product and service.

Therefore, it is necessary for the company to use celebrity endorsements by choosing ambassadors who have a profile aligned with the target audience and brand values.

In this way, influence marketing has the potential to generate trust and admiration in the consumer, thus increasing your advertising, positioning and profitability.

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The video title refers to a pay cut for the CEO. What prompted the board of directors to take this action

Answers

The thing that resulted in the board of directors taking the action regarding the pay cut for the CEO is due to A. Unethical actions in regard to a whistleblower's identity.

A whistleblower simply means an individual who can also be an employee for an organization or a government agency that discloses information to the public for wrongdoing.

Based on the complete information, it should be noted that the information illustrated was about Barclay's case study. Based on the information, the pay cut for the CEO wasn't due to the investigation by the Financial conduct authority but rather, due to unethical actions in regard to a whistleblower's identity.

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Malcolm (37) is a U.S citizen

Answers

Answer: good for him

Explanation:

If P(A) = .62, P(B) = .47, and P(A U B) = .88; then P(AN B) =

Answers

Answer:

197............................

Home Decor has a debt-equity ratio of .54. The cost of equity is 15.7 percent, the pretax cost of debt is 6.8 percent, and the tax rate is 22 percent. What will be the cost of equity if the debt-equity ratio is revised to .65

Answers

If the debt-equity ratio is revised from 0.54 to 0.65, the cost of equity will be 11.95%.

Data and Calculations:

Debt-equity ratio = 0.54

Weight of equity = 0.46 (1 - 0.54)

Cost of equity = 15.7%

Pretax cost of debt = 6.8%

Tax rate = 22%

Post-tax cost of debt = 5.3% (6.8% (1 - 22%)

Revised debt-equity ratio = 0.65

Revised weight of equity = 0.35 (1 - 0.65)

Thus, if the cost of equity is 15.7% when equity ratio is 0.46, then the cost of equity will be 11.95% (15.7%/0.46 x 0.35) when the equity ratio revises to 0.35.

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The cost of equity would 16.43% if the debt equity is revised to 0.65

Solution

The debt equity ratio = 0.54

To get the cost of the debt post tax:

= 6.8%*(1-0.22)

= 0.068*0.78

= 0.05304

= 5.304%

Next we are to get the WACC

[tex]WACC= 15.7percent*\frac{1}{1+0.54} *5.304percent*\frac{0.54}{1+0.54}[/tex]

WACC = 0.157*0.6494+0.05304*0.3506

= 0.1205

= 12.05%

Since the Debt equity ratio is revised to 0.65 and WACC stays the same

We would have

[tex]12.05percent = Ke*\frac{1}{1+0.65} +5.304percent*\frac{0.65}{1+0.65}[/tex]

0.1205 = Ke*0.606+0.05304*0.3939

0.1205 = 0.606Ke + 0.02089

We collect like terms

0.1205-0.02089 = 0.606Ke

0.09961 = 0.606Ke

Ke = 0.1643

= 16.43 percent

The cost of equity would 16.43% if the debt equity is revised to 0.65

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During the implementation stage, the Fallon creative team works with Fallon media buyers to select and schedule the media. Because Fallon Worldwide offers a number of services including research, media, copy, artwork, and production, it would be classified as a(n)

Answers

Due to the fact that Fallon Worldwide offers a number of services including research, media, copy, artwork, and production, it would be classified as a full service agency.

A full service agency simply means a fully integrated advertising and marketing agency that provides a complete set of services. Such an agency can handle all the marketing aspects of a business.

In this case, since Fallon Worldwide offers a number of services including research, media, copy, artwork, and production, then it would be classified as a full service agency.

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Culture clashes frequently happen when ________ within an organization interpret rules differently based on their levels within the organization

Answers

Based on sociological research study, culture clashes frequently happen when subcultures within an organization interpret rules differently based on their levels within the organization.

This is because subculture is a term that is used to describe a group of individuals within a large group, usually within an organization, who share the same characters such as problems and experience that is peculiar to them.

Culture clashes occur when this group of people with similar identity or functions interpret rules or objectives differently based on their statuses within the organization.

Hence, in this case, it is concluded that the correct answer is "Subculture."

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What could an article in a financial publication tell you about a company that
a prospectus can't?
A. How much profit the company has produced for shareholders
B. What major losses the company has suffered
C. What improvements have been made to improve employee morale
D. What the company's assets and liabilities are

Answers

The thing that an article in a financial publication can tell one about a company that the prospectus won't is C. What improvements have been made to improve employee morale.

A prospectus simply means a formal legal document that is designed to provide information about an investment of a company to the public.

The prospectus can contain information such as the profit the company has produced for shareholders, the major losses the company has suffered, and the company's assets and liabilities.

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Answer:C

Explanation:just got it right

When Mexico suffered from capital flight in 1994, Mexico's net capital outflow a. and net exports decreased. b. and net exports increased. c. increased while net exports decreased. d. decreased while net exports increase

Answers

Answer:

B. and net exports increased

Explanation:

Firms that use Groupon to communicate their products are actively engaged in Multiple Choice viral marketing. advertising. product placement. infomercials. personal selling.

Answers

The term that describes what the Firms engage in by using Groupon to communicate their products is Advertising.

Advertising can be regarded as attempt to influence the buying behavior of customers as well as clients.

It involves using means such as radio, television or internet to communicate about ones product to the consumer.

Therefore, advertising is correct term.

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what are the source of law ?

Answers

Sources of law are the origins of laws, the binding rules that enable any state to govern its territory. The term "source of law" may sometimes refer to the sovereign or to the seat of power from which the law derives its validity.

hope it helps

Assume that the following data describes the condition of the banking system

Answers

Answer:

what's the data?,so I can answer the question.

Which statement is a reason for using our unconventional reserves if they were more difficult to obtain

Answers

Unconventional resources are the resources that make use of specialized extraction to obtain fuel from the deposit.

Your information is incomplete. Therefore, an overview of an unconventional reserve will be given. An unconventional reserve makes use of specialized extraction to obtain fuel from the deposit.

The resources that can be extracted from conventional petroleum reserves are natural gas, crude oil, and condensate. It should be noted that the products that can be refined are petrol, diesel, asphalt base, kerosene, etc.

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can someone solve this case?
TIA

Answers

Answer:

a

Explanation:

If there is a planned order release of 120 units in week 5 and the lead time is 2 weeks, 120 will show up in week 7 under ________.

Answers

Considering the situation described above, the 120 units will appear in week 7 under "Scheduled Receipts."

This is because Scheduled Receipts are type receipts in supply management that document the order of items expected to be received in a given date or assigned due period.

Unlike planned order receipts, that document order that is yet to be released, Scheduled Receipts document order that has been released.

And given that the lead time is 2 weeks, and the record is in week 7, while we are in week 5 thus, it is expected that the order must have been received by then. Therefore the 120 units would be under Scheduled receipts.

Hence, in this case, it is concluded that the correct answer is "Scheduled receipt."

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A company failed to record unrealized gains of $37 million on its available for sale debt security investments. Its tax rate is 25%. As a result of this error, comprehensive income would be:

Answers

Answer:

Question #1

A company failed to record unrealized gains of $32 million on its available for sale security investments. Its tax rate is 35%. As a result of this error, comprehensive income would be:

a) Understated by $20.80 million

b) Overstated by $11.20million

c) Understated by $32.00 million

d) Unaffected

Question #2

A company failed to record unrealized gains of $21 million on its trading security investments. Its tax rate is 40%. As a result of this error, total shareholders' equity would be:

a) Understated by $12.60 million

b) Understated by $21.00 million

c) Understated by $8.40 million

d) Unaffected

PLEASE show me your entire work for full credit. Thanks!!

The following information relates to the acquisition of the assets of Quine Corporation by Armstrong Inc. for Year 5. Fair value of Quine GW, January 1, Year 5 60,000 Fair value of Quine GW, December 31, Year 5 55,000 When the assets were originally purchased by Armstrong on January 1, Year 1, the goodwill of the Quine business was determined to be $100,000 and would last 10 years. During Year 5, Armstrong also spent $36,000 to enhance the brand image of Quine's products and it is expected that the enhancement will have to be done again in four years. What is the amount of expense to be shown on the income statement of Armstrong Inc.

Answers

The amount of expense that Armstrong Inc. must show on its income statement is $24,000.

This amount represents the Amortization of the Brand Image Enhancement ($9,000), the Impairment Loss in the Fair Value of the acquired assets ($5,000), and the Goodwill Impairment ($10,000).

Data and Calculations:

Fair value of Quine Corporation on January 1, Year 5 = $60,000

Fair value of Quine Corporation on December 31, Year 5 = $55,000

Goodwill (acquired) on January 1, Year 1 = $100,000

Duration of Goodwill = 10 years

Cost of Brand Image Enhancement in Year 5 = $36,000

Estimated useful life of Brand Image = 4 years

Annual amortization of Brand Image = $9,000 ($36,000/4)

Impairment Loss of Fair Value of Assets = $5,000 ($60,000 - $55,000)

Goodwill Impairment = $10,000 ($100,000/10)

Total expenses = $24,000 ($9,000 + $5,000 + $10,000)

Thus, $24,000 expense will be shown on Armstrong, Inc.'s Income Statement in Year 5.

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On November 1, 2019, Davis Company issued $30,000, six-year, 7% bonds for $29,340. The bonds were dated November 1, 2019, and interest is payable each on May 1 and November 1. Davis uses the straight-line method of amortization. How much is the book value of the bonds after the November 1, 2020 interest payment was recorded using the straight-line method of amortization

Answers

Answer:

29,700 dollars is your answer

Explanation:

Type the correct answer in the box. Spell all words correctly.
At which stage of advertising is the customer motivated to take action?
The customer is motivated to take action at the stage of ………advertising.

Answers

Answer:

motivated to take action at the product purchase stage of advertising.

Explanation:

The customer is motivated to take action at the stage of growth or early maturity advertising.

What is advertising?

The term “advertising” refers to the part of the promotion in the market. Advertising informs the consumer about the product and services available. These are the primary goals for attracting the target audience. There are the based on the marketing promotion. The advertising is the target audience.

The customer is motivated to take action during the "growth or early maturity" stage of advertising. Persuasive advertising is a type of communication that encourages customers to take action. During the expansion stage, pricing and product or service quality should be maintained, and more features and support services may be offered.

As  a result, the customer is motivated to take action at the stage of growth or early maturity advertising.

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