john purcharses a new car in 2023 for a price 37000. if he claim first year bonus depreciation, what is the greatest allowable depreciation deduction he may claim for the vehicle in 2023

1. Josh is a builder and helping Greg at weekend to build his shed, Greg promised Joshto give him his old caravan (which cost him $12,000 on 1’st July 2000 when he boughtit). Assume the shed was done on 1’st July 2020 when Greg handed over the Caravanto Josh. (Assume the value of Josh’s works was for $15,000, and the market value ofthe caravan was for $16,000)Discuss whether Josh needs to declare it as an ordinary income or not?   please put 3 references

If Kim buys a car for $30,000 with an estimated life of 5 years, with a residual value of $5,000, what is the book value at the end of year 4?  Assume straight-line depreciation.

please answer within 30 minutes..

Given the correct option

H2.

After a bad accident Anton receives a large sum in compensation. He is thinking about using it to invest in a stretch limousine to hire out for special occasions. The cost of the limousine is £100,000. Anton is due to retire in six years, at which stage he thinks he will be able to sell the limousine for £40,000. The net cash inflows for the venture, after allowing for the driver's wages and other direct expenses are: End of year Net cash flow (£) 1 10,000 2 15,000 3 20,000 4 20,000 5 20,000 6 15,000 (a) Find the payback period for this venture. (b) Calculate the net present value using a discount rate of 8%.

Brief Exercises BE6.7 (LO2) Jose Garcia's lifelong dream is to own a fishing boat to use in hisretirement. Jose has  recently come into an inheritance of $400,000. He estimatesthat the boat he wants will cost $300,000 when he retires in 5 years. How much ofhis inheritance must he invest at an annual rate of 8% compounded annually) tobuy the boat at retirement? BE6.8 (LO2) Refer to the data in BE6.7. Assuming quarterly compounding of amountsinvested at 8%, how much of Jose Garcia's inheritance must be invested to haveenough at retirement to buy the boat?

Peter's Records purchases a new Record-Pressing Machine for $77,000, on the 1st January 2020 The machine is expected to have a useful life of 5 years, and a residual value of $1,000. The machine is capable of printing 200,000 vinyl records during its lifetime. Peter applies the Units-of-Production depreciation method to all his machinery The quantity of vinyl records Peter will make in the future is fixed at: 1st Year 53,000 units 2nd Year 34,500 units 3rd Year 32,900 units 4th Year 47,200 units 5th year 32,400 units The correct journal entry to record the depreciation for the 3rd Year would be: Select one: а. Debit Depreciation Expense $12,502 Credit Accumulated Depreciation $12,502

If a passenger auto that costs $50,000 and weighs 5,000 pounds is placed in service in 2018, the maximum depreciation that can be taken is: $0 $18,000 $25,000 $50,000