On August 1, 2017, David purchased manufacturing equipment for use in his business. The equipment cost $14,000 and has an estimated useful life and MACRS class life of 7 years. Calculate each of the following: a. Calculate the amount of depreciation on the manufacturing equipment for 2017 using the accelerated MACRS method and no election to expense or use bonus depreciation is made. b. Calculate the amount of depreciation on the manufacturing equipment for 2017 using the accelerated MACRS method and bonus depreciation used but no election to expense. c. Calculate the amount of depreciation on the manufacturing equipment for 2017 using the straight-line MACRS optional method and no election to expense or use bonus depreciation is made. d. Calculate the amount of depreciation on the manufacturing equipment for 2017 for financial accounting purposes using the straight-line method of depreciation.

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Explain the relationship between consumers and producers in economic growth and activity