Answer:
a. Xit is said to be autocorrelated
Explanation:
Correlation is the mutual connection between two or more variables. These variables can be dependent or independent but there should be random variables. When there is correlation of Xit with Xis then values of s and t are said to be auto correlated since there is relation existing between them.
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.)
Date of Note Principal Interest Rate Term
a. August 5 $6,000 8% 130 days
b. May 10 16,800 7% 100 days
c. October 20 24,000 9% 55 days
d. July 06 4,500 10% 70 days
e. September 15 9,000 8% 85 days
Maturity Date
Month Day Interest
a. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer $Answer
b. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer Answer
c. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer Answer
d. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer Answer
e. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer Answer
Answer:
Maturity Dates and Interests of Notes Receivable:
Date of Note Principal Interest Term Maturity Date
Rate Month Day Interest
a. August 5 $6,000 8% 130 days December 13 $173.33
b. May 10 16,800 7% 100 days August 18 326.67
c. October 20 24,000 9% 55 days December 14 330.00
d. July 06 4,500 10% 70 days September 14 87.50
e. September 15 9,000 8% 85 days December 9 170.00
Total $60,300 $1,087.50
Explanation:
a) Data and Calculations:
Date of Note Principal Interest Term Maturity Date
Rate Calculations
a. August 5 $6,000 8% 130 days Dec. 13(26+30+31+30+13)
b. May 10 16,800 7% 100 days Aug. 18 (21+30+31+18)
c. October 20 24,000 9% 55 days Dec. 14 (11+30+14)
d. July 06 4,500 10% 70 days Sept. 14 (25+31+14)
e. September 15 9,000 8% 85 days Dec. 9 (15+31+30+9)
Calculation of Interests:
a. = $173.33 ($6,000 * 8% * 130/360)
b. = $326.67 ($16,800 * 7% * 100/360)
c. = $330.00 ($24,000 * 9% * 55/360)
d. = $87.50 ($4,500 * 10% * 70/360)
e. = $170 ($9,000 * 8% * 85/360)
RCS, Inc. Gross fixed assets 284,950 Inventory 136,500 Accrued expenses 11,850 Accumulated depreciation 82,310 Notes payable 32,570 Preferred stock 8,000 Retained earnings 89,280 Current portion of L-T debt 4,080 Long-term debt 134,300 Accounts receivable 105,770 Additional paid-in capital 71,600 Accounts payable 50830 Common stock ($0.20 par) 60,000 Cash 17,600 Referring to the above balance sheet accounts for RCS, Inc. for the year ending Dec 31, 2016, the number of common shares issued by the company is closest to:_____.
a. 658,000
b. 12,000
c. 300,000
d. 26,320
Answer:
The correct option is c. 300,000.
Explanation:
The number of common shares issued by the company can be calculated as follows:
Common stock each at par =$0.20
Common stock total value at par = $60,000
Number of common shares issued = Common stock total value at par / Common stock each at par = $60,000 / $0.20 = 300,000
Therefore, the number of common shares issued by the company is closest to: c. 300,000.
You're considering a project with an initial cost of $6400, what is the payback period for this project if the cash inflows are $900, $1350,$2800, $1350 & $500 a year over the next five years
What conclusion can be drawn about managers?
They work in all industries.
o They are primarily skilled in a specific industry.
O They are paid less than customer service representatives.
They are paid more than customer service representatives.
Answer:
they are paid more than customers service representatives
Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system.
The following transactions have been selected for analysis:
a. Sold merchandise for cash (cost of merchandise $160,750) $294,300
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for a cash refund (original cost of merchandise $930) 1,730
c. Sold merchandise (costing $13,050) to a customer on account with terms 2/10, n/30 29,000
d. Collected half of the balance owed by the customer in (c) within the discount period 14,210
e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid 1,980
Required:
1. Compute Sales Revenue, Net Sales, and Gross Profit for Campus Stop
a merchandiser's multistep income statement.
2. Compute the gross profit percentage.
Answer:
Campus Stop, Inc.
Partial Income Statement
Sales revenue $323,300
Sales returns ($1,730)
Sales discounts and allowances ($2,270)
Net sales $319,300
Cost of goods sold ($172,870)
Gross profit $146,430
Gross profit margin = $146,430 / $319,300 = 45.86%
17. Functions of a business. Name and explain
Answer:
Glossary
Explanation:
Business functions are the activities carried out by an enterprise; they can be divided into core functions and support functions
A lumber company purchases and installs a wood chipper for $204,000. The chipper is classified as MACRS 7-year property. Its useful life is 10 years. The estimated salvage value at the end of 10 years is $25,000. Using MACRS depreciation, compute the first-year depreciation.
Answer:
the first year depreciation using MACRS depreciation is $28,580
Explanation:
The computation of the first year depreciation using MACRS depreciation is given below:
Here the depreciation rate is 14.29% for the first year
And, the cost of the wood chipper is $204,000
So, the first year depreciation expense is
= $204,000 × 14.29%
= $28,580
Hence the first year depreciation using MACRS depreciation is $28,580
please help I will mark brainlyest
Answer:
Can you send me the notes that you guys used to figure out the five interest elements?
Explanation:
Personal financial planning is the process of creating and achieving financial goals.
OA. True
OB. False
Most consumers and investors today want the firms they do business with to look beyond just the profit motive. In fact, they want firms that behave legally and ethically while also giving back to their communities via philanthropic activities. The framework that attempts to reconcile these wants is known as
Answer:
corporate social responsibility.
Explanation:
In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.
Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).
Generally, most consumers and investors today want the firms they do business with to look beyond just the profit motive. In fact, they want firms that behave legally and ethically while also giving back to their communities via philanthropic activities. Thus, the framework that attempts to reconcile these wants is known as corporate social responsibility.
g An university using benefit segmentation and targeting students who want to get a degree quickly while still working full time would focus on Group of answer choices providing classes at convenient times and offering online courses. discount pricing for students taking more than twelve credit hours. the higher average salaries earned by college graduates. the great variety of classes offered. the number of Nobel Prize winners on the faculty.
Answer:
providing classes at convenient times and offering online courses.
Explanation:
The university who use the benefits segmentation and then target the students to received the degree quickly while working full time focused on providing the classes at the convenient times and offered them for online courses so that the courses would be completed as soon as possible
Therefore the first option is correct
Mrs. Jonas believes strongly that it is important that workers' rights be respected, and that one of the more important ways of doing this is to ensure that all workers be properly documented. She is supervising a contracting company that is building a new warehouse for her company. While doing this she discovers that many of the workers employed by the contractor are undocumented aliens working for well below minimum wage. In this situation Mrs. Jonas has a(n) ________ that is in conflict with a(n) ________.
Answer: behavior; attitude
Explanation:
From the situation given in the question, we can infer that Mrs. Jonas has a behavior that is in conflict with an attitude.
This can be seen in the information given that Mrs. Jonas believes strongly about the importance of workers' rights be respected, which can be done through proper documentation but then while supervising a contracting company, she then discovers that many of the workers employed by the contractor are undocumented aliens that were working for well below minimum wage.
This is your first week in your new job at Safety Zone, a leading producer of IT modeling software. Your prior experience with a smaller competitor gave you an edge in landing the job, and you are excited about joining a larger company in the same field.
So far, all is going well and you are getting used to the new routine. However, you are concerned about one issue. In your initial meeting with the IT manager, she seemed very interested in the details of your prior position, and some of her questions made you a little uncomfortable. She did not actually ask you to reveal any proprietary information, but she made it clear that Safety Zone likes to know as much as possible about its competitors. Thinking about it some more, you try to draw a line between information that is OK to discuss, and topics such as software specifics or strategy that should be considered private.
This is the first time you have ever been in a situation like this. How will you handle it?
Answer:
Explanation:
The best thing to do in this situation would be to simply answer the questions to the best of your ability without divulging any proprietary information of your previous employer. This will allow you to be honest and maintain a legal boundary between you and your previous employer. Since the hiring manager has not specifically asked you for such proprietary information you should be fine if you think carefully about what you are saying in your answers. Aside from this, staying firm with your answers and protecting the integrity of your previous employers proprietary information shows to your new employer that you are trustworthy and are able to keep such information safe and to yourself.
The economy is populated by 100 agents. Each agent has to divide 1 unit of time
between work and leisure given the wage rate w paid on the labor market. In addition
to the salary, he or she also receives dividend a income of π = Π/100 (the total profit
of the firms Π is distributed equally among all the consumers in form of dividends)
Suppose that the government does not incur expenditures, so G=0.
The agent’s utility function depends on consumption (c) and leisure (l), and it is assumed
to satisfy u(c, l) = 0.5 ln(c) + 0.5 ln(l). On the other side of the market, there are
firms who hire workers and produce output. The representative firm operates with
a Cobb-Douglas production technology Y = zK^0.5N^0.5
, where z denotes the total
factor productivity, and K = 100 is a fixed amount of capital. Each of the firm’s
employees receives wage w, i.e. the total labor cost of the firm is equal to wN^d
Suppose that initially z = 1 (so the competitive equilibrium is the one we calculated
in class), but the economy is hit by a pandemic, which we can model as a decrease
in TFP: so z goes down to z = 0.5.
(a) What are the effects of this negative TFP shock on the equilibrium allocations
and prices? To obtain full credit, compute the value of all the endogenous
variables determined in equilibrium
(b) Does our model predict that the pandemic would cause a recession? What are
the effects of the pandemic in the level of employment? (ignore the fact that
some workers may get sick for the moment).
Now, suppose that the pandemic only affects the productivity of labor. This
can be modeled by letting z = 1 as in part a, but assuming that labor is less
productive,
Y = zK^0.5[ωN]^0.5
Assuming that the value of ω = 0.5, re-compute (a) and compare the new results
with your previous answer, providing some intuition.
Answer:
I dont know i just wanot th points for answering lol
Explanation:
In 2020, Neighbor Co-Op Inc. sells 1,000 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold. As of December 31, 2020, a total of 800 glass bottles were returned and deposits on 120 bottles were forfeited because it is the company's policy that a deposit must be claimed within 30 days. The remaining 80 bottles are still with customers within the 30-day claim period.
Required:
a. Record the collection of deposits in 2020.
b. Record the return of glass bottles in 2020.
c. Record the forfeiture of deposits in 2020 assuming that the cost of each bottle is $0.80.
Answer:
a.
Date Account Title Debit Credit
Dec, 31. 2020 Cash $1,000
Customer Deposits $1,000
b.
Date Account Title Debit Credit
Dec, 31. 2020 Customer deposits $800
Cash $800
c.
Date Account Title Debit Credit
Dec, 31. 2020 Customer deposits $120
Breakage Revenue $120
Cost of goods sold(0.8 * 120) $ 96
Inventory $ 96
Behavioral segmentation addresses the knowledge of, use of, response to, and attitude toward a product. Which of these is an example of behavioral segmentation? Group of answer choices a retail shoe store targeting customers within a geographic twenty-mile radius a deodorant company targeting boys between the age of 12–18 an airline targeting customers with over 500k miles of travel on its airline
Answer:
an airline targeting customers with over 500k miles of travel on its airlineExplanation:
Note, the focus of behavioral segmentation is to identify and separate the marketing strategy used on clients/customers based on mainly their behavior, and not on demography (age, gender, etc) or geography.
Hence, the best scenario from the above options is that of an airline that targets customers with over 500k miles of travel on its airline. In other words, their traveling behavior (distances covered) is the basis why they are targeted, without consideration of demography or their geography.
At the end of the current year, using the aging of receivable method, management estimated that $18,000 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $450. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense
Answer:
Dr Bad Debt Expense $18,450
Cr Allowance for Doubtful Accounts
$18,450
Explanation:
Preparation of the appropiate adjusting journal entry that the company should make at the end of the current year to record its estimated bad debts expense
Dr Bad Debt Expense $18,450
Cr Allowance for Doubtful Accounts
$18,450
($18,000+Debit balance$450)
(Being to record estimated bad debts expense)
Equipment was purchased for $45,000 plus $2,000 in freight charges. Installation costs were $1,500 and sales tax totaled $1,000. Hiring a special consultant to provide advice during the selection of the equipment cost $3,000. What is this asset's depreciable basis
Answer:
Asset's depreciable basis = $49,500
Explanation:
Given:
Equipment purchased cost = $45,000
Freight charge = $2,000
Installation costs = $1,500
Sales tax = $1,000
Consult fee = $3,000
Find:
Asset's depreciable basis
Computation:
Asset's depreciable basis not include consultation fee.
Asset's depreciable basis = Equipment purchased cost + Freight charge + Installation costs + Sales tax
Asset's depreciable basis = $45,000 + $2,000 + $1,500 + $1,000
Asset's depreciable basis = $49,500
An allowance received from a creditor will __________ column of the creditor's account. Multiple Choice increase the creditor's account balance and be posted to the debit increase the creditor's account balance and be posted to the credit decrease the creditor's account balance and be posted to the debit decrease the creditor's account balance and be posted to the credit
Answer: decrease the creditor's account balance and be posted to the debit
Explanation:
Allowances are reductions in the money owed to creditors and they include things like sales returns or sales discounts. When recorded, they should therefore reduce the amount in the creditor's account to show that less cash is owed to the creditor.
As Creditor accounts are liabilities, they are credited when they increase and debited when they decrease. They will therefore have to be debited in this instance.
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $126,000 to $162,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $420,000 and current break-even units are 4,200. If Forrester purchases this new equipment, the revised break-even point in units would:
Answer:
150 units decrease
Explanation:
The computation of the revised break even point in units is shown below:
As we know that
Break even point in units is
= Fixed costs ÷ (Selling price - variable cost)
= $162,000 ÷ ($100 - $60)
= 4,050
And, the Current Break even point is 4,200
So, BEP will reduce by
= 4,200 - 4,050
= 150 units
Shipping cost at Junk Food Imports is a mixed cost with variable and fixed components. Past records indicate total shipping cost was $18,000 for 16,000 pounds shipped and $22,500 for 22,000 pounds shipped. Assuming that this activity is within the relevant range, if the company plans to ship 18,000 pounds next month, the expected shipping cost is:
Answer:
$18,500
Explanation:
Calculation to determine what the expected shipping cost is:
First step is to calculate the Variable using this formula
Variable =Change in total cost /change in units
Let plug in the formula
Variable=(22,500-18,000)/(22,000-16,000)
Variable=$0.75 per pound
Now let calculate the expected shipping cost
Expected shipping cost=$0.75 per pound *18,000 pound
Expected shipping cost=$18,500
Therefore The Expected shipping cost is $18,500
Phoebe is meeting with a client to present her ideas. What is recommended as the best way to present her ideas to the client?
Show at least two to three different comps.
Describe your ideas over the phone
Send one comp over email
Show the finished product.
because the 2 is describe which is good so they can understand itthe 3 is good to because ypu can send it on ther email that they can see it
hope it help :)
In 2014, Lena assigned a paid-up whole life insurance policy to an Irrevocable Trust for the benefit of her three children. Lena died in 2018, and the face value of the whole life insurance policy of $2,000,000 was paid to the Irrevocable Trust. Regarding this transfer, how much is included in Lena’s gross estate at her death? A. $0 B. $45,000 C. $2,000,000 D. $1, 955,000
Answer: A. $0
Explanation:
By current tax rules, any transfers of life insurance policies within three years of the death of the owner of the policy should be included in their gross estates.
As Lena's policy was transferred in 2014 which was 4 years before he death in 2018, it does not qualify to be included in the gross estate so the answer is $0.
Answer:
A. $0
Explanation:
Hope this helps
2.1.3. Briefly explain the term Gross Domestic Product.
Answer:
it is the total value of goods produced and services provided in a country during one year.
Explanation:
You just bought a motorcycle for $8,000. You plan to ride the motorcycle for two years, and then sell it for $3,200. During this two-year period, you expect to ride the motorcycle 10,000 miles each year, and you expect the motorcycle to get 50 miles per gallon of gasoline. The annual cost of insurance is $960, registration costs are $80 (good for two years), and the price of gasoline is $2.50 per gallon. During this same two-year period, you will need to service your motorcycle five times, at $240 per service check, and obtain five oil changes. Each oil change costs $35. You will also need to replace your tires once during this two-year period, for a total cost of $400.
a. Calculate the total fixed cost, total variable cost, and cost per mile for the two-year period, .
b. Suppose you want to lower the cost per mile. You should focus on:
i. variable costs, because they represent a majority of the total costs.
ii. fixed costs, because they must be paid.
iii. variable costs, because they can be avoided.
iv. fixed costs, because they represent a majority of the total costs.
Answer:
Total fixed costs = $6,800
b. Total variable cost = $2,775
c. = $0.48 per mile
2. iii variable costs, because they can be avoided.
Explanation:
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
Depreciation + Insurance + cost of registration
Depreciation = Cost - salvage = 8,000 - 3,200 = $4,800
Insurance = 960 x 2 = 1920
Total fixed cost = 4,800 + 1920 + 80 = $6,800
Total variable cost
Gasoline + Service + Oil change + tire replacement
Gasoline = 10,000/ 50 = 2000 x 2.5 x 2 = 1000
= (1000 + (240 * 5) + (35 * 5) + 400
= 1,000 + 1,200 + 175 + 400 = $2,775
Total cost / Number of miles
= (6,800 + 2,775) / (10,000 * 2 years)
= $0.48 per mile
The following information pertains to Seda Co.'s pension plan:
Actuarial estimate of projected benefit obligation at January 1, 2017 $72,000
Assumed discount rate 10%
Service costs for 2017 $18,000
Pension benefits paid during 2017 $15,000
If no change in actuarial estimates occurred during 2017, Seda's projected benefit obligation at December 31, 2017 was:___________.
a. $75,000
b. $79,200
c. $82,200
d. $64,200
Answer:
c. $82,200
Explanation:
Calculation to determine what Seda's projected benefit obligation at December 31, 2017 was:
Actuarial estimate of projected benefit obligation at January 1, 2017 $72,000
Add Interest cost $7,200
Add Service costs for 2017 $18,000
Less Pension benefits paid during 2017 ($15,000)
Projected benefit obligation at December 31, 2017 $82,200
Theretore Seda's projected benefit obligation at December 31, 2017 was:$82,200
Suppose Burger King has run a major advertising campaign in the hopes of increasing monthly sales. To investigate the effectiveness of this campaign, Burger King randomly selected six restaurants and recorded the monthly sales before and after the advertising. The following data represents these sales figures in thousands of dollars.
Restaurant 1 2 3 4 5 6
After $123 $122 $145 $156 $160 $134
Before $107 $110 $143 $168 $145 $125
Assuming that the sales for both restaurants does not follow the normal probability distribution, perform a hypothesis test to investigate the effectiveness of the advertising campaign using a=0.05
Answer:
140
i think
Explanation:
We cannot rule out the null hypothesis since the computed t-value of 1.49 is less than the crucial value of 2.571. In order to draw the conclusion that the advertising effort had a major impact on sales, we lack adequate evidence.
An explanation for a phenomena is offered in the form of a hypothesis, or hypotheses. According to the scientific method, a hypothesis must be testable in order to qualify as a scientific hypothesis.
Typically, scientists build their hypotheses on prior findings that provide room for doubt on the validity of the existing body of knowledge.
Despite the fact that the terms "hypothesis" and "theory" are sometimes used interchangeably, a scientific hypothesis differs from a scientific theory conclusion.
Learn more about hypothesis , from :
brainly.com/question/29576929
#SPJ2
Graham, Inc.'s April bank statement shows an April 30 balance of $5,120. Prior to reconciliation, its books show a cash balance of $5,510. ThIs information pertains to Graham, Inc.: Deposits in transit $800; Checks outstanding $465; Bank service charge $10; Error in Graham's records understating cash disbursement $180; Check of another company charged erroneously against Graham's bank account $115; Bank statement shows bank collected a note receivable and interest income for Graham $250. The reconciled cash balance at April 30 on the bank reconciliation should be:
Answer:
$5,570
Explanation:
The purpose of a bank reconciliation statement is to reconcile the difference between Cash Book balance and Bank Statement balance. Also it is used to check accuracy of Cash Book and the accuracy of Bank Statement.
Graham, Inc.'s April bank reconciliation statement is prepared as :
Graham, Inc.
Bank reconciliation statement as at April 30
Balance as per Bank Statement $5,120
Add outstanding lodgments $800
Add back error at the bank $115
Less unpresented checks ($465)
Balance as per Cash Book $5,570
therefore,
The reconciled cash balance at April 30 on the bank reconciliation should be $5,570.
Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $100 for the suit:
Question Completion:
Store Travel Time Each Way Price of a Suit
(Minutes) (Dollars per suit)
Local Department Store 15 100
Across Town 30 88
Neighboring City 60 63
Juanita makes $16 an hour at work. She has to take time off work to purchase her suit, so each hour away from work costs her $16 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.
Answer:
Juanita and Opportunity Cost:
1. Opportunity cost of Juanita's time and the total cost of shopping at each location:
Store Opportunity Cost Price of a Suit Total Cost
of Time (Dollars) (Dollars per suit) (Dollars)
Local Department Store $16 (1 * $16) $100 $116
Across Town 24 (1.5 * $16) 88 112
Neighboring City 40 (2.5 * $16) 63 103
2. Juanita will minimize the cost of the suit if she buys it from the Neighboring City.
Explanation:
a) Data and Calculations:
Juanita's wages per hour = $16
Total Time Juanita Spent Traveling and Shopping:
Store Travel Time Shopping Total
To and From Time Time
(Minutes) (Minutes) (Hours)
Local Department Store 30 (15*2) 30 1.0 hr (30 + 30)
Across Town 60 (30*2) 30 1.5 hrs (60 + 30)
Neighboring City 120 (60*2) 30 2.5 hrs (120 + 30)
On November 4, 2018, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2018 and 2019, respectively, Blue deducted $642 and $5,128 of cost recovery. These amounts were incorrect; Blue applied the wrong percentages (i.e., those for 39-year rather than 27.5-year assets). Blue should have taken $910 and $7,272 cost recovery in 2018 and 2019, respectively. On January 1, 2020, the asset was sold for $180,000.
A. The adjusted basis of the asset at the end of 2019 is $____.
B. The cost recovery deduction for 2020 is $____.
C. The____on the sale of the asset in 2020 is $____.
Answer:
A. $191,818
B. $303
C. Loss; $11,515
Explanation:
A. Calculation to determine what The adjusted basis of the asset at the end of 2019 is
Cost of asset $200,000
Less Greater of allowed and allowable cost recovery:
2018 $910
2019 $7,272 ($8,182)
($910+$7,272=$81,82)
Adjusted basis of the asset at the end of 2019 $191,818
($200,000-$8,182)
Therefore the Adjusted basis of the asset at the end of 2019 will be $191,818
B. Calculation to determine what The cost recovery deduction for 2020 is
Cost recovery deduction for 2020= ($200,000 x .03636 x 0.5 / 12)
Cost recovery deduction for 2020=$303
Therefore The Cost recovery deduction for 2020 is $303
C. Calculation to determine what The____on the sale of the asset in 2020 is
Based on the information given we would be using 0.3636 as the percentage for 27.5-year assets.
Cost of asset $200,000
Less Greater of allowed and allowable cost recovery:
2018 $910
2019 $7,272 ($8,182)
($910+$7,272=$81,82)
Adjusted basis of the asset at the end of 2019 $191,818
($200,000-$8,182)
Less Cost recovery for 2020 $303
($200,000 * .03636 * 0.5 / 12)
Basis on date of sale $191,515
($191,818-$303)
Loss on sale of asset ($11,515)
($180,000 – $191,515)
Therefore The LOSS on the sale of the asset in 2020 is $11,515