Business, 30.10.2020 17:00 TrueKing184
Song Company, a calendar year taxpayer, purchased a total of $2,474,400 tangible personalty in 2020. How much of this cost can Song elect to expense under Section 179?
a. -0-
b. $139,000
c. $54,400
d. none of above
Answers: 2
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Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
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Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.
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You are in the market for a new refrigerator for your companyâs lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase
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Business, 22.06.2019 21:10
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Song Company, a calendar year taxpayer, purchased a total of $2,474,400 tangible personalty in 2020....
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