Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Taxation

08/10/2020 Client: murali Deadline: 7 Days

 


Please use the following fact pattern to complete a C-Corporation Tax Return for the 2018 tax year using the ProConnect Tax software. Please give us Depreciation Schedule for the following.


Assets & Depreciation


For purposes of determining any book depreciation, assume BB takes a full year of depreciation in the first and last year on a straight line basis with no salvage value and uses the same class life for book and tax.


Assets Place into Service in 2016: BB purchased furnishings and other equipment in 2016 for $571,755 that were all 7 year property and the half-year convention applied. BB elected not to take bonus depreciation or 179 deductions on those assets, because its taxable income was negligible in that year. BBs total combined MACRS depreciation from this equipment in 2016 and 2017 was $221,726 and its book depreciation was $163,359.


Assets Placed into Service in 2018: BB anticipates increasing its revenues substantially in future years, particularly 5 years from now when a current distribution agreement for its training materials expires. Consequently, BB does not want to take bonus depreciation on any newly acquired assets with class lives longer than 5 years, but bonus depreciation may be taken on any assets with class lives of 5 years or less that qualify.


BB purchased and placed into service the following business assets in 2018. BB purchased an inventory management system that consists of computer hardware costing $500,000 (5 year class life) and an order processing machine that cost $2,800,000 (7 year class life for book and tax). These assets were placed into service on March 1st.


Trade-In of Vehicle: BB also traded in its old delivery truck for a new delivery truck (both 5 year class life assets) on November 1st and immediately placed the new truck into service. The new truck cost $35,000, but BB received $10,000 of credit on the trade-in of the old vehicle and paid the remaining $25,000 in cash. The old vehicle was a 5 year asset that was acquired in the first quarter of 2017 and its original basis was $30,000. BB used the mid-quarter convention in 2017 and the total tax depreciation on the old vehicle from prior years was $18,300.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Buy Coursework Help
Instant Assignments
Online Assignment Help
Top Grade Essay
Financial Hub
Quality Homework Helper
Writer Writer Name Offer Chat
Buy Coursework Help

ONLINE

Buy Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$142 Chat With Writer
Instant Assignments

ONLINE

Instant Assignments

Good day dear client, I am a full-time freelance writer with years of experience. My strongest strengths are strong dedication to duty, reliability, quality and excellence. I am going to do an outstanding job for you, kindly PM me and let us commence. Thank you so much in anticipation of your positive response. Thank you very much.

$135 Chat With Writer
Online Assignment Help

ONLINE

Online Assignment Help

Hi dear, I am ready to do your homework in a reasonable price.

$135 Chat With Writer
Top Grade Essay

ONLINE

Top Grade Essay

Working on this platform from a couple of time with exposure of dynamic writing skills gathered with years experience on different other websites.

$142 Chat With Writer
Financial Hub

ONLINE

Financial Hub

Hey, I have gone through your job posting and become very much interested in working with you.I can deliver professional content as per your requirements. I am a multi-skilled person with sound proficiency in the English language for being a native writer who worked on several similar projects of content writing and can deliver quality content to tight deadlines. I am available for both online and offline writing jobs with the promise of offering an incredibly responsive and supreme level of customer service. Thanks!

$135 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

Hi dear, I am ready to do your homework in a reasonable price.

$142 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Smedegaard pressurisation unit manual - Benefits of twisted pair cable - Small Buisness Management Discussion - Pick one of the following terms for your research: collaboration, divisional structure, functional structure, horizontal structure, matrix structure, outsourcing, reengineering, teams, vertical linkages, or virtual team. - What is the difference between innuendo and a downplayer - Mixer tap hose connector toolstation - Coffee's for closers speech - Costco wholesale corporation case study - Lead ii nitrate plus potassium iodide - Poem Analysis / Summary - Marion church of christ - Language as a way of knowing - Media ethics issues and cases philip patterson lee wilkins pdf - Chc vs pnp live stream - Mastering physics introduction to static equilibrium - En itn skills assessment student training exam - Mach 1 fight club joondalup - Deshawn has five base ten blocks - How big should the hole in a parachute be - Building Innovation into the Outsourcing Relationship: A Case Study - Sola sdn 10 24 100c manual - 1984 first chapter summary - Shoebox diorama book report instructions - Brannigan foods strategic marketing planning - Netball league south africa - Jessica lynn graham ucsd - Jd edwards implementation guide - Coriolis effect lab activity - Thickness measurement using lvdt - LDR531 Week 4 - Signature Assignment - Mindtap homework answers microeconomics - 248 woolooware road burraneer - Statistics case study assignment - Houston based energy company 2001 scandal - Hp openview operations agent - Jane eyre study guide questions and answers - Discussion: Technology and Homeland Security - How to install hwic card in cisco router - The sixth extinction reading guide answer key - Australian treatment outcome profile - Outline the stages of a health promotion project - The blast in centralia no 5 - Shipwreck cafe menu - Pwc saratoga human capital metrics - STATE FIREFIGHTERS ASSOCIATION CASE STUDY - Research Method and Design - Diabetic ketoacidosis concept map - University of toronto writing centre - Bsbrsk501 manage risk assessment - Woolworths insurance contact number - Clinical Pharma (Peer replies) - An electrician's side-cutting pliers could properly be used to - How to draw orbitals - Confronting inequality paul krugman analysis - Telstra accessory repayment option - Explain the biblical mandate for apologetics - Human body research project - Becoming a master manager a competing values approach pdf - Read and answer, business article - Alpha bravo charlie echo - HSA 599 WEEK 7 DISCUSSION - Www accesspay com au - American History up to 1865 - Cogg hill camping equipment company practice set - Https owl english purdue edu owl resource 545 01 - Public Administration - How does teamwork influence innovation at ideo - How to properly apply proactive - Drink more water persuasive speech - Literary genre crossword clue - I need 650 words critical review of an article - Lewis dot diagram for n2h2 - All summer in day - How to use color in film pdf - Social psychology aronson 6th edition pdf - Function of ammonia chamber in chromatography - Pcdna 3.1 v5 his topo ta expression kit - Dynamic sitting balance activities occupational therapy - Sandlands vineyards case chegg - 2 replies - FIN/571: Corporate Finance - Help- 6 pages excluding citations - John smartt osteopath sydney - 39 rm williams drive walkley heights - Tae40110 teach out period - Week 5 Written Assignment - Business law case study essay - Angle between two planes example - Hess's law virtual lab answers - Mazda capital services overnight payoff address - Ergon energy solar connection - Blockchain technology - Essay - Speaking Anxiety Journal Assignment - Analysis of copper in a brass sample - What does twice removed mean - Walt disney swot analysis 2019 - Checking out me history poem analysis - The handsomest drowned man in the world characters - Article summary