On September 14, 2014, Jay purchased a passenger automobile that is used 75 percent in his accounting
Question:
a. Calculate Jay’s depreciation deduction for 2014. $ _________________
b. Assuming the same business percentage (75 percent) in 2015, calculate Jay’s depreciation deduction for 2015. $ __________________
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
a 2595 3460 x 75 limit is l...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Question Posted:
Students also viewed these Accounting questions
-
On September 14, 2015, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $43,000, and Jay uses the...
-
On September 14, 2013, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $35,000, and Jay uses the...
-
On September 14, 2012, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $35,000, and Jay uses the...
-
Built-Tite uses job order costing. The T-account below summarizes Factory overhead activity for the current year. Factory Overhead Debit Credit 16,200 106,600 25,200 60,200 1. Compute total applied...
-
Some people believe human resource management is an area reserved for those who cant do anything else. Why do you think this belief has emerged? Is there any factual basis for it?
-
Langley Company is considering two capital investments. Both investments have an initial cost of $6,000,000 and total net cash inflows of $14,000,000 over 10 years. Langley requires a 20% rate of...
-
How might the behaviour of firms differ during periods of negative and positive output gaps?
-
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to repurchase 100 shares at a cost of $38 per share. Record...
-
How does ERP enable real-time visibility and tracking of goods in transit?
-
In the fiscal year that ended September 30, 2008, there were 24,584 age-discrimination claims filed with the Equal Employment Opportunity Commission, an increase of 29% from the previous year (The...
-
On February 2, 2014, Alexandra purchases a personal computer for her home. The computer cost $3,000. Alexandra uses the computer 80 percent of the time in her accounting business, and the remaining...
-
During 2014, Palo Fiero purchases the following property for use in his calendar year-end manufacturing business: Palo uses the accelerated depreciation method under MACRS, if available, and does not...
-
In a landmark U.S. Supreme Court case, Price Waterhouse, CPAs v. Hopkins, a senior accountant was denied a promotion to partner at a major CPA firm because, according to one evaluation, she needed to...
-
What is a forecasting error? How can a manager use this information?
-
Which statement is most accurate with regard to seasonal demand? Seasonal demand can be met by maintaining enough manufacturing capacity to meet demand in any period. Seasonal demand can be met by...
-
Predictable variability is change in demand that can be forecast. change in demand that cannot be forecast. change in demand that has been planned. change in demand that has been scheduled.
-
What are some strategic, planning, and operational decisions that must be made by H&M, a Swedish apparel retailer?
-
Dominicks supermarket chain sells Nut Flakes, a popular cereal manufactured by the Tastee cereal company. Demand for Nut Flakes is 1,000 boxes per week. Dominicks has an annual holding cost of 25...
-
A degree-day is a unit used to measure the fuel requirements of buildings. By definition, each degree that the average daily temperature is below 65F is 1 degree-day. For example, an average daily...
-
A firm has the following balance sheet: Assets Cash Accounts receivable Inventory Plant and equipment $ 15,000 150,000 92,000 170,000 $427,000 Liabilities and Equity Accounts payable Long-term debt...
-
(One Temporary Difference, Future Taxable Amounts, One Rate, Beginning Deferred Taxes) Brennan Corporation began 2010 with a $90,000 balance in the Deferred Tax Liability account. At the end of 2010,...
-
(Three Differences, Compute Taxable Income, Entry for Taxes) Havaci Company reports pretax financial income of $80,000 for 2010. The following items cause taxable income to be different than pretax...
-
(Two Temporary Differences, One Rate, Beginning Deferred Taxes) The following facts relate to Alschuler Corporation. 1. Deferred tax liability, January 1, 2010, $40,000. 2. Deferred tax asset,...
-
Identify how the discount charged for discounting notes is reported on the income statement. Deducted from income from opertaions. in the other income and expenses section. as a nonoperating expense....
-
Identify and include your personal responsibilities and accountabilities Identify any barriers to fulfilling task requirements and include ways to manage these Produce a final schedule for...
-
Explain the following terms using the MitchReads data to illustrate your answer di) Independent Events dii) Mutually Exclusive diii) Complement div) Conditional Probability dv) Collectively Exhaustive
Study smarter with the SolutionInn App