Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on july 10, 2018, ariff places in service a new sp

On July 10, 2018, Ariff places in service a new sports utility vehicle that costs...

90.2K

Verified Solution

Question

Accounting

On July 10, 2018, Ariff places in service a new sports utility vehicle that costs $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2018, assuming Ariff's section 179 business income is $110,000. Ariff does not take additional first year depreciation. a.$2,960 b. $25,000 c. $34,000 d. $70,000 e. None of the above. (The answer IS NOT d).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Let P denote the vector space of all polynomials with real coefficients and Pn be the...

Basic Math
Q

1. A random sample of 28 students at a particular university had a mean age of...

Statistics
Q

A student has 10 tickets to the show but she has 20 friends who want to...

Advance Math
Q

4) Find the volume of the solid formed by the region bounded by the graphs of...

Advance Math
Q

The one-to-one functions g and h are defined as follows. g= {(1, 2), (1, 9),...

Basic Math
Q

Sampling error best fits which of the following descriptions Select the correct answer below the...

Algebra
Q

The East Company manufactures several different products. Unit costs associated withProduct ORD210 are...

Accounting
Q

General Motors Review of Significant Events: List key events from the last five years,...

Accounting
Q

The following selected transactions were completed by Niles Co. during March of the current year:...

Accounting
Q

Fast food is believed to be an inferior good. This means that:a) the quantity of...

Accounting
Q

Tamarisk Corporation has outstanding 2,300 $1,000 bonds, each convertible into 70 shares of $10 par...

Accounting
Q

Required information [The following information applies to the questions displayed below] On November 30, Hernandez...

Accounting