The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which expenses an asset over a single year because capital acquisitions must be expensed in the year purchased. is required by the SEC. is used for tax purposes. must be used for financial statement purposes.

Answers

Answer 1

The Modified Accelerated Cost Recovery System (MACRS) is used for tax purposes.

What is depreciation?

Depreciation refers to the devaluation in the value of the tangible assets after a particular period of time. When the depreciation value of the assets becomes zero or negative. It becomes outdated or obsolete.

Modified Accelerated Cost Recovery System is the system introduced by the United States which is the tax depreciation system used to estimate the value of the assets depreciated.

Initially, it was introduced to attract the investors to invest in the depreciating assets. the benefit of this system is that it gets higher tax exemptions.

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Related Questions

Withdrawing money from an ATM is a good example of how a ______ works. Select your answer, then click Done.

Answers

Withdrawing money from an ATM is a good example of how a transaction processing works.

What is money?

It should be noted that money simply means a medium of exchange or a means of payment that can be used to carry out a particular transaction.

In this case, withdrawing money from an ATM is a good example of how a transaction processing works.

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Kevin and Maria Rossi live in Swarthmore, PA. Maria's father, Rajiv, lives in Sweden.For each of the following transactions, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.Note: A product’s inclusion in one category does not necessarily imply that it is excluded from other categories.Transaction C I G X MThe state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Kevin's employer upgrades all of its computer systems using U.S.-made parts. Maria gets a new video camera made in the United States. Rajiv in Sweden orders a bottle of Vermont maple syrup from the producer's website. Kevin buys a sweater made in Guatemala.

Answers

The component of the GDP includes consumption, investment, government purchases, exports, imports.

The drop-down for the given list includes:The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - Government Purchase.

Kevin's employer upgrades all of its computer systems using U.S.-made parts. - Investment.

Maria gets a new video camera made in the United States. - Consumption.

Rajiv in Sweden orders a bottle of Vermont maple syrup from the producer's website. - Exports.

Kevin buys a sweater made in Guatemala. - Consumption & Imports.

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The discounted payback period Blank _____ account for the time value of money, and the payback period Blank

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The discounted payback period does account for the time value of money, and the payback period does not.

What is discounted payback period?

A method of capital budgeting used for determining a project's profitability is known as discounted payback period. This will be done by recognizing the time value of money and by discounting cash flows of the future.

The payback period is the amount of time it takes for an asset's net cash flows to pay back the amount invested in it. It's a quick and easy technique to assess the risk of a given project.

The advantage of this method is utilized in selecting the projects as this method helps to determine the profitability of any project by identifying measures to reach the break-even point in any project.

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Positive economics ______ value judgments, tries to establish ______ statements about economic behavior, and deals with ______ economic events. Multiple choice question. avoids; scientific; actual avoids; normative; actual encourages; scientific; potential encourages; scientific; actual encourages; normative; potential

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Positive economics avoids value judgments, tries to establish scientific statements about economic behavior, and deals with actual economic events.

What is positive economics?

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.

For example, when the price of a good increases, it is expected that if the good is a normal good, the quantity demanded would decline. This is an example of positive economics.

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Understanding where to locate your business, who your target market is, and how to reach them, can be accomplished through Multiple choice question.

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Understanding where to locate your business, who your target market is, and how to reach them, can be accomplished through Market research.

What is market research?

This can be referred to as all activities that are geared towards finding it the target market for which a product would be developed.

It helps to know the would be consumers of the product that is being created and also to know the needs of the market.

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Advertising, fashion trends, and new product introductions serve to.

Answers

Answer:

Create consumer demand.

Explanation:

Advertising helps promote your product so people will want to buy it.

A couple advises a banker that their total income includes both salary and disability payments. How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.

Answers

The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:

The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.

How do you calculate disabilities?

In the calculation of how much a person can receive as your disability benefit, there is the use of SSA via the use of the average amount a person have earned per month over the timeframe of their adult years, and one adjusted for inflation.

One can do so by entering your typical annual income. and this income will be adjusted to know the wage growth over a person's career.

Note that The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:

The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.

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Have a clearance of how many inches in the left side of a vehicle

Answers

5-9 inches is optimal for most cars and trucks

why are medical related profession and human resources important

Answers

With the theatrical max of 26 you’ll equal 55.

The key provisions of the sarbanes-oxley act include.

Answers

The Sarbanes Oxley act is related to the reform of corporate financial reporting and the accounting profession. This act is also known as SOX.

What are the Key provisions of SOX?

Following are key provisions of SOX:

certify the accuracy of their company's financial statements by the corporate executive.through assessing internal controls to prevent wrong, misleading, or fraudulent financial data.There are criminal penalties for misleading shareholders and altering documents to impede an investigation.

Thus, the SOX act is related to the reforms for corporate financial reporting and the accounting profession.

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Closing entries Group of answer choices need not be journalized if adjusting entries are prepared need not be posted if the financial statements are prepared from the end-of-period spreadsheet are not needed if adjusting entries are prepared must be journalized and posted

Answers

In Financial accounting, closing entries: D. must be journalized and posted.

What are closing entries?

Closing entries can be defined as journal entries that are made at the end of an accounting period and it involves the transfer of financial data from temporary accounts to permanent accounts.

In Financial accounting, it is a general rule that all closing entries must be journalized and posted at the end of an accounting period.

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What is the first step you should take when you want to open a savings account?
A. Make your initial deposit.
B. Present your photo ID to the bank
representative.
C. Review the different savings account options
that your bank offers.
D. Go to the bank and fill out an application.

Answers

The first step that you should take when you want to open a savings account is go to the bank and fill out an application form.

What is saving account?

A saving account refers to a bank account that includes a limited number of withdrawals, lack of cheque and linked debit card facilities.

The first step you should take when you want to open a savings account is go to the bank and fill out an application.

Therefore, D is the correct option.

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is coke and pepsi a duopoly

Answers

Answer:

Rivalry between Coca-Cola and PepsiCo is not a form of warfare: it is a competitive oligopoly. We might even say it’s a duopoly because the two firms control almost the entire market for soda-flavoured colas.

Explanation:

Andre completed a job interview two days ago. He thought it went really well, but he hasn’t heard back from the company. Thinking back to the final moments of the interview, Andre tries to recall whether the interviewer gave him a timeline of when he could expect an answer. Explain how Andre might express his interest without indicating that he has forgotten some of the conversation.

Answers

Answer:

It would be best if he were to call the company and ask for an update on his employment from the interviewer that he had. Even if they gave him a timeline, it still looks good on him. He could also tell them that he had forgotten that piece as well, if he wanted. Employers want hard-working, dedicated, and HONEST workers. Honesty will always take you a long way.

Your creditworthiness is measured by a number called a.

Answers

Credit score is the term.

Equipment with a book value of $82,000 and an original cost of $169,000 was sold at a loss of $36,000. Paid $106,000 cash for a new truck. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000. Stock investments were sold for $95,600 cash, yielding a gain of $14,000. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)

Answers

The net cash flow from investing activity is equal to $450,600.

What is Investing Activity?

The investing activity is regarding the purchase and sale of long-term assets. The sale of long-term assets is added to the cash flow, on the other hand, the purchase of fixed assets is deducted from the cash flow.

Cash flow from Investing activity:

Sale proceeds from equipment (Book Value - loss)      $46,000

Purchase of new truck                                                   -$106,000

Sale of land                                                                     $415,000

Sale of Stock investments                                               $95,600

Net cash flow from investing activity                         $450,600

hence, the net cash flow from investing activity is equal to $450,600.

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Human services management includes grant writers, executive directors, program directors, and _____.
A. development directors
B. budget writers
C. disaster scene directors
D.support staff

Answers

Answer:

Your answer is A. development directors

Hope this helps!

________ is a companywide effort to continuously improve the ways people, machines, and systems accomplish work.

Answers

An effort to improve the ways people, machines, and systems accomplish work is known as total quality management.

What is TQM?

TQM is defined as a system of management in which is a firm has focused on the customer in which all employees participate in continuous improvement. It integrates quality into the culture and brings improvement through strategy, data, and effective communication.

It helps to reduce the cost of activities by improvising them effectively with techniques. This will leads to an increase in the productivity of workers. When the productivity is high, the deadlines will be achieved completely resulting in optimum utilization of resources.

It helps in formulating strategies for improvement and works for effective decision-making to transform the process of business. It will help to effectively communicate with the employees to improve their efficiency and boost their morale.

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Amari and his four best friends decided they would save up and get tickets to see their favorite basketball team play in a nearby city for spring break of their senior year of high school. during his junior year, he started saving money for the big trip. what type of financial goal is this?

a) short term goal
b) mid-term goal
c) long-term goal
d) emergency expense

Answers

B) mid term goal I would think

During his junior year, he started saving money for the big trip. This type of financial goal is called a mid-term goal. Thus, option B is correct.

What is a financial goal?

A financial goal can be defined as the target or how the money will be managed. It is dependent on the money you earn, expenses, saving, or investing. A person form or an individual can set his or her own financial goal depending upon their requirement of a financial goal is pension planning.

As Amari and his friends decided that they needed money for their future plan that is not in the immediate time but would take some months that means that they're planning a midterm goal.

Even though they might take more time to actually accomplish relatively brief targets, midterm goals frequently have a smaller schedule than long-term aims. Therefore, option B is the correct option.

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Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of hamburgers?.

Answers

It is likely that the increase in the price of hamburgers is related to the fact that demand is greater than supply.

What is the law of supply and demand?

It is an economic approach to understanding the economic factors that influence the quantity of a product supplied in a market and its price.

Therefore, when there is more demand than supply for a good available in the economy, it means a situation of scarcity, which makes prices rise.

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Wells technical institute (wti) provides training to individuals who pay tuition directly to the school. wti also offers training to groups in off-site locations. wti initially records prepaid expenses and unearned revenues in balance sheet accounts. its unadjusted trial balance as of december 31 follows, along with descriptions of items a through h that require adjusting entries on december 31.

Answers

Wells Technical Institute's method of recording unearned revenues and prepaid expenses into its balance sheet accounts is known as an accrual method of accounting.

What is accrual method?

A method of accounting in which the payments and the receipts for a business are recorded in the books of accounts at the time they are due, but not yet received, is known as the accrual method of accounting.

Hence, the significance of accrual method is given above.

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Many coffee shops will offer a 10-cent discount on coffee purchases if you bring in a reusable cup. This shows an example of

Answers

Many coffee shops will offer a 10-cent discount on coffee purchases if you bring in a reusable cup. This shows an example incentives.

What are incentives?

incentives serve as those items or actions that motivates or encourages people to do something.

Therefore, some sellers give incentives to customers to encourage them to buy more.

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On july 1, a company receives an invoice for $800 with term 1/10, net 30.

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The payment to be made on the invoice for $800 with term 1/10, net 30 will be $800, as the discount period has lapsed on the date of payment.

What is payment?

The dues, which are liable to be cleared off by the borrower or the buyer to the seller or owner of the goods being exchanged, are known as payments.

When discount is offered on payment for an invoice with terms of 1/10, the discount on payment shall lapse after 10 days and thus, full amount has to be paid on July 15, which is 14 days after the receipt of invoice.

Hence, the payment to be made is explained as above.

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Interview a business owner/manager on the Crisis experienced in the workplace. Attach an interview schedule as part of your oral presentation.

Answers

There are several crises experienced by employees during recent pandemic. So, in an interview with a business owner regarding the crisis experienced, one can ask about how can businesses deliver better outcomes in times of a crisis.

What is an interview?

An interview is a meeting or a formal consultation at which information is obtained (as by a reporter, television commentator, or pollster) from a person.

It is a conversation in which you and an employer exchange information. The main features of the interview are conducted in the form of conversation, which is shaped by certain guidelines and questions between the researcher and the respondent. It is used in surveys and participant observation methods.

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An airport wants to make its luggage-handling process faster and simpler for travelers. A data analyst examines and evaluates how the process works currently in order to achieve the goal of a more efficient process. What methodology do they use

Answers

To make the baggage handling process faster and simpler for travelers, a data analyst uses a gap analysis.

What is a  gap analysis?

Corresponds to a performance evaluation technique, where a professional is responsible for evaluating the way processes are being carried out in an organization, to determine their efficiency, developing an analysis of needs to increase quality.

Therefore, a gap analysis aims at the continuous improvement of processes through environmental assessment, in order to achieve total quality.

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____________________________________ tries to welcome participation by all organizational members and to view each person as valuable to the organization instead of focusing primarily on productivity. Systems Perspective Bureaucratic Management Scientific Management Human Resources

Answers

Human Resources Management welcomes participation by all organizational members and views each person as valuable to the organization instead of focusing primarily on productivity

What is Management?

This refers to controlling and organizing people and things for better and more effective productivity or output.

Hence, we can see that there are different types of management, and based on this, they have varied characteristics, but the kind of management that focuses on individuals, rather than productivity is human resources.

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Macie has $25 in her checking account when her electronic funds transfer system (EFTS) card and personal identification number (PIN) are stolen. If Macie notifies her bank tomorrow, the day after the theft of her card, her loss is limited to: Group of answer choices

Answers

Macie's loss is restricted to the amount in his checking account if she doesn't notify her bank the day after her card is stolen. Limited amount checking account notifies next day card stolen.

What should a person do when his cards are stolen?

Consumers must inform the loss of an ATM card, PIN number, or online banking password within two days of receiving their bank statement that reflects the crime.

Therefore, consumers that misuse their credit cards are only liable for $50 in losses.

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Assume straight-line depreciation and equal cash flows. A company plans to purchase equipment for $25,000. The equipment will have $0 salvage value and increase income by $7,500 annually during its 5-year life. The accounting rate of return is

Answers

Based on the purchase price of the equipment and the increase in annual income, the accounting rate of return is 60%.

What is the accounting rate of return?

This can be found by the formula:

= Average annual income - Average investment

The average investment is:

= Purchase price / 2

= 25,000 / 2

= $12,500

The accounting rate of return is:

= 7,500 / 12,500

= 60%

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What it the present value of $2,000 that you expect to receive in 3 years assuming you could invest the money today and earn a 5% annual return?.

Answers

A present value of $2,000 that you expect to receive in 3 years, the future value is mathematically given as

F=2315.24

What is the Future value of $2,000?

Generally, the equation for the present value is mathematically given as

P= fv*1/(1+r)n

Therefore

2000=F *1/(1+0.05)^3

F=2315.24

In conclusion, the Future value

F=2315.24

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Drag each tile to the correct box
determine the type of risk each investment is likely to incur
business risk
call risk
liquidity risk
taxability risk
lee purchased municipal bonds
issued by a government entity.
valerie bought bonds that include
a feature to pay the bonds back
earlier than the maturity date.
brian used most of his savings to
purchase the stock of a big
company
aj invested all of his savings in
a rental home.

Answers

The kind of risk that the given investments might incur are:

Lee purchased municipal bonds issued by a government entity - Liquidity risk. Valerie bought bonds that include a feature to pay the bonds back earlier than the maturity date - Call risk. Brian used most of his savings to purchase the stock of a big company - Business risk. Aj invested all of his savings in a rental home - Taxability risk.

Which risks do these investments face?

Municipal bonds are usually illiquid which means that buying them comes with liquidity risk. Buying stock comes with business risk because the stock might lose value if the company performs poorly.

Call risk occurs when the issuer of a bond can pay back the bond before it matures.

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Answer:

C. B. A. D.

expiation:

in that order

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