subject
Business, 10.12.2019 01:31 widnickab

Essco inc., a calendar year taxpayer, made two asset purchases this year. the first purchase was a machine costing $836,000, and the second purchase was equipment costing $494,000. both assets are 7-year recovery property. essco placed the machine in service on july 21 and the equipment in service on october 14. how many months of macrs depreciation is essco allowed for each asset this year?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:30
How is the architecture career pathway different from the construction pathway? a. architecture involves coordinating with contractors to make sure everyone stays on schedule. b. architecture involves using tools and equipment to build something new. c. architecture involves the design process, considering the function and safety of the project. d. architecture involves evaluating the work of contractors and employees.
Answers: 1
question
Business, 22.06.2019 07:30
Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.
Answers: 1
question
Business, 22.06.2019 15:30
Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false
Answers: 1
question
Business, 22.06.2019 16:50
Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
Answers: 2
You know the right answer?
Essco inc., a calendar year taxpayer, made two asset purchases this year. the first purchase was a m...
Questions
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Biology, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
English, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
World Languages, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
question
Mathematics, 16.09.2020 01:01
Questions on the website: 13722360