Rebekah sold furniture that she used in her business for $30…

Rebekah sold furniture that she used in her business for $30,000. She bought the furniture a few years ago for $78,000 plus $2000 for delivery costs and sales taxes. She has since correctly claimed $40,000 of depreciation deductions. Assuming that this is Rebekah’s only sale of property during the year, what is the amount and character of Rebekah’s gain (loss) on the sale?

Hawthorn Co., a very profitable company, purchased two asset…

Hawthorn Co., a very profitable company, purchased two assets in the current year: a computer (5 year property) and machinery (7 year property). The computer was purchased on January 20 for $15,000, and the machinery was purchased on November 30 for $100,000. Which of the following methods may be available recover the costs of these assets ?

It is the students responsibility to log onto Canvas using C…

It is the students responsibility to log onto Canvas using Chrome and not Safari or Internet Browser to insure Canvas and its applications run effectively. It is also the students responsibility to load and learn to use the applications required for this course. Atomic Learning tutorials are available from USF learning, a computer help lab is also available along with phone help. 813-974-1222