If a new luxury automobile is used 100% for business and placed in service in 2018, the maximum MACRS depreciation on the vehicle for 2018 is $18,000.
Answer the following statement true (T) or false (F)
True
Listed property has additional requirements due to the potentially personal-use nature of the property. Bonus depreciation allows the first year amount to be increased from $10,000 to $18,000.
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Intangible assets do not include:
A. Copyrights. B. Patents. C. Trademarks. D. Goodwill. E. Land held as an investment.
Farmer Company purchased equipment on January 1, Year 1 for $96,000. The machines are estimated to have a 5-year life and a salvage value of $13,000. The company uses the straight-line method.At the beginning of Year 4, Farmer revised the expected life to eight years. What is the annual amount of depreciation expense for each of the remaining years in the machine's life?
A. $4150 B. $6640 C. $9240 D. $5775
Comment on the following statement: "If an interest-rate model allows the possibility of negative interest rates, then it is not useful in practice."
What will be an ideal response?
Which approach can be used to test for autocorrelation?
a. regression coefficient b. correlation coefficient c. Durbin-Watson statistic d. F-test or t-test