Friday
March 6, 2015

Homework Help: finance

Posted by Elizabeth on Saturday, July 2, 2011 at 8:21am.

On June 26, 2004, Elaine purchased and placed into service a new computer system costing $8,000. The computer system was used 80 percent for business and 20 percent for personal use in both 2004 and 2005. Elaine claimed only regular MACRS depreciation. In 2006, the computer system was used 45 percent for business and 55 percent for personal use.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - On June 26, 2004, Elaine purchased and placed into service a new ...
finance - Your company will generate $45,000 in cash flow each year for the next...
microeconomics - Sam Johnson started a small machine shop, Machines, Inc., in ...
accounts - 1. On January 1, 2004 PEN PENNY received a Utility Bill from BEC for...
business - You are a technical writer in a large company who is working on a ...
CIS 105 - As you have discovered, there are a variety of computers available, ...
IFSM - The chief information officer recommends that a new computer and software...
math - between 1998 and 2004, the number of college freshman who planned to get ...
Economics - You have opened your own word-processing service. You bought a ...
ECO 550 - 1) You have opened your own word-processing service. You bought a ...

Members