A taxpayer can depreciate property under all of the following circumstances except:.A. He or she made a down payment to purchase rental property and assumed the previous owner's mortgageB. He or she bought a new van that he or she will use only for his or her courier business and he or she will be making payments on the van over the next 5 yearsC. He or she bears the burden of exhaustion of the capital investment in a leased propertyD. He or she leases property from someone to use in his or her trade or business or for the production of income

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

Rolston music company is considering the sale of a new sound board used in recording studios. the new board would sell for $27,200, and the company expects to sell 1,570 per year. the company currently sells 2,070 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,890 units per year. the old board retails for $23,100. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,520,000 per year, and fixed costs are $1,420,000 per year.if the tax rate is 35 percent, what is the annual ocf for the project?

Which completes the equation? o + a + consideration (+ = k legal capacity legal capability legal injunction legal corporation