Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

which one is section 1245 property? a. an office buikding depreciated using the regular MACRS method b. machinery used in a business and held for

which one is section 1245 property?

a. an office buikding depreciated using the regular MACRS method

b. machinery used in a business and held for 2 years

c. machinery used in a business and held 11 months

d. inventory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Management Accounting For Business

Authors: Colin Drury, Mike Tayles

8th Edition

1473778808, 978-1473778801

More Books

Students also viewed these Accounting questions

Question

★★★★★

In 1984 and 1985, the small Latin American country of Bolivia experienced hyperinflation. Below are some key macroeconomic data from those years: a. Do the money supply, price level, and exchange...

Answered: 1 week ago

Question

★★★★★

Tim and Monica Nelson are married, file a joint return, and are your newest tax clients. They provide you with the following information relating to their 2022 tax return: 1. Tim works as a...

Answered: 1 week ago

Question

★★★★★

Is the faculty member a member of a professional organization? If so, which one(s)?

Answered: 1 week ago

Question

★★★★★

Review Microsoft Corp.s financial reports for the last three years, and perform a ratio analysis of them. In one paragraph, discuss the companys financial situation. What databases and subdatabases...

Answered: 1 week ago

Question

★★★★★

A business received an offer from an exporter for 20,000 units of product at $ 15 per unit. The acceptance of the offer normal production or domestic sales prices. The following data are available:...

Answered: 1 week ago

Question

★★★★★

Miranda goes to a dealership to purchase a new car. Marc approaches her and is wearing a uniform with the dealership s logo on it . He introduces himself as an employee of the dealership. He asks...

Answered: 1 week ago

Question

★★★★★

Q2a) Better Health Hospital- Income Statement (2018/19 Financial Year) *Note: All figures in $'000* Q2b) Better Health Hospital- Balance Sheet (2018/19 Financial Year) *Note: All figures in $'000*...

Answered: 1 week ago

Question

★★★★★

50 units @ $106 60 units @ $118 20 units @ $126 70 units @ $130 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory...

Answered: 1 week ago

Question

★★★★★

During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $5.00 per unit, fixed costs of $90,000, and net income of $20,000. Use this information to determine the number of...

Answered: 1 week ago

Question

★★★★★

[Combinatorics, Conditional Probability and Beyond] Consider a game with n = N participants which are somehow ordered (P1, P2, ..., Pn). The game starts with the first numbered player (P1) tosses a...

Answered: 1 week ago

Question

★★★★★

Corruption has been a significant problem in Iraq. Opening and running a business in Iraq usually requires paying multiple bribes to government officials. We can think of there being a demand and...

Answered: 1 week ago

Question

★★★★★

=+5. Where would you rather shopWalmart/Sams Club or Costco? If you answered Walmart based on the price of its products, would you be willing to pay a higher price if you knew that the extra money...

Answered: 1 week ago

Question

★★★★★

=+4. Is it a good idea for companies to apply a pay-scale ratio whereby the highest and lowest wage levels within an organization are kept within a certain ratio (such as in the Whole Foods example...

Answered: 1 week ago

Question

★★★★★

=+What does this say for the future of the business case for CSR?

Answered: 1 week ago

Previous Question Next Question