Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7 9 10% 11 12 13 14 15 100 21 220 Moving to another question will save this response. Question 9 Question 9 of 22

7 9 10% 11 12 13 14 15 100 21 220 Moving to another question will save this response. Question 9 Question 9 of 22 5 points Save Ana George Michael purchased a delivery truck in 2021 for $18,000. He uses it for his furniture business Monday through Friday. He also uses the truck as his personal vehicle after hours and on weekends. He estimates that the business use is approximately 70%. What is the depreciation on George Michael's truck using the half-year depreciation convention, ignoring $179 expense and bonus depreciation? 557 Oa. $1,929 O b. $2,520 Oc. $2,700 Od. $3,600 Moving to another question will save this response. 10 tv NAO Question 9 of 22 on comp 50 8 9 11 12 13 15 21 226 Moving to another question will save this response. Question 11 Question 11 of 22 5 points Save Ans Marshall LLC placed new equipment (7-year property) in service in April 2021. The original basis was $1,600,000. Marshall LLC uses the half-year convention. Assuming no limitations apply, calculate the maximum total depreciation expense including the $179 expense (but ignoring bonus expensing). Assume Marshall LLC elects to utilize the maximum $179 expense available in 2021. O a. $78,595 Ob. $228,640 Oc. $1,128,595 Od. $1,600,000 Moving to another question will save this response. 10 tv 2 A Question 11 of 2 Moving to another question will save this response. Question 9 Question 9 of 22 5 points Save Answe George Michael purchased a delivery truck in 2021 for $18,000. He uses it for his furniture business Monday through Friday. He also uses the truck as his personal vehicle after hours and on weekends. He estimates that the business use is approximately 70%. What is the depreciation on George Michael's truck using the half-year depreciation convention, ignoring $179 expense and bonus depreciation? a. $1,929 Ob. $2,520 Oc. $2,700 d. $3,600 OCT 10 tv MacBook Air NA E 565 7 12 130 140 150 160 Moving to another question will save this response. Question 11 Question 11 of 22 5 points Save Answer Marshall LLC placed new equipment (7-year property) in service in April 2021. The original basis was $1,600,000. Marshall LLC uses the half-year convention. Assuming no limitations apply, calculate the maximum total depreciation expense including the $179 expense (but ignoring bonus expensing). Assume Marshall LLC elects to utilize the maximum $179 expense available in 2021. a. $78,595 Ob. $228,640 Oc. $1,128,595 Od. $1,600,000 DOD 10 #tv MacBook Air 40 Dil DD 19 10

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Custom Publication

Authors: Belverd E. Needles

7th Edition

0618681922, 978-0618681921

More Books

Students also viewed these Accounting questions