Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 442 Weeks Ago, 1 Day Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 26 Apr 2017 My Price 2.00

acob purchased business equipment for

33.              Jacob purchased business equipment for $56,000 in 2012 and has taken

$35,000 of regular MACRS depreciation. Jacob sells the equipment in 2015 for

$26,000. What is the amount and character of Jacob’s gain or loss?

 

Answers

Alpha Geek
(8)
Status NEW Posted 26 Apr 2017 10:04 AM My Price 2.00

-----------

Attachments

file 1493201228-1401164_1_636287293823139252_1401164.xlsx preview (66 words )
Ja-----------cob----------- pu-----------rch-----------ase-----------d b-----------usi-----------nes-----------s e-----------qui-----------pme-----------nt -----------for----------- $5-----------6,0-----------00 -----------in -----------201-----------2 a-----------nd -----------has----------- ta-----------ken-----------$35-----------,00-----------0 o-----------f r-----------egu-----------lar----------- MA-----------CRS----------- de-----------pre-----------cia-----------tio-----------n. -----------Jac-----------ob -----------sel-----------ls -----------the----------- eq-----------uip-----------men-----------t i-----------n 2-----------015----------- fo-----------r$2-----------6,0-----------00.----------- Wh-----------at -----------is -----------the----------- am-----------oun-----------t a-----------nd -----------cha-----------rac-----------ter----------- of----------- Ja-----------cob-----------’-----------s g-----------ain----------- or----------- lo-----------ss?-----------Cos-----------t o-----------f t-----------he -----------equ-----------ipm-----------ent-----------Dep-----------rec-----------iat-----------ion----------- Ta-----------ken-----------Adj-----------ust-----------ed -----------Bas-----------isS-----------ell-----------ing----------- Am-----------oun-----------tGa-----------inS-----------inc-----------e, -----------the----------- am-----------oun-----------t o-----------f g-----------ain----------- ($----------- 5,-----------000-----------) i-----------s l-----------ess----------- th-----------an -----------the----------- de-----------pre-----------cia-----------tio-----------n a-----------lre-----------ady----------- ta-----------ken----------- ($----------- 35-----------,00-----------0),----------- th-----------e n-----------atu-----------re -----------of -----------gai-----------n i-----------s a-----------n o-----------rdi-----------nar-----------y g-----------ain----------- un-----------der----------- 12-----------45 -----------dep-----------rec-----------iat-----------ion-----------
Not Rated(0)