subject
Business, 16.03.2020 21:16 meganwintergirl

Orange Corporation acquired new office furniture on August 15, 2019, for $130,000. Orange does not elect immediate expensing under § 179. Orange claims any available additional first-year depreciation. If required, round your answer to the nearest dollar. Click here to access Exhibit 8.1 and the depreciation tables in the textbook. a. Determine Orange's cost recovery for 2019. The office furniture is classified as seven-year class of property for MACRS. If bonus depreciation is elected, Orange's deduction is $ 130,000 b. Determine Orange's cost recovery for 2019 if Orange decided to only use $52,000 of bonus depreciation and normal MACRS on the balance of the acquisition cost.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:00
Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.
Answers: 3
question
Business, 22.06.2019 09:30
When you hire an independent contractor you don't have to pay the contractors what
Answers: 3
question
Business, 22.06.2019 10:00
How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.
Answers: 1
question
Business, 22.06.2019 18:00
Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.
Answers: 2
You know the right answer?
Orange Corporation acquired new office furniture on August 15, 2019, for $130,000. Orange does not e...
Questions
question
History, 31.05.2020 12:57
question
Mathematics, 31.05.2020 12:57
question
Mathematics, 31.05.2020 12:57