Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on september 15, 2021, harriet sold a vehicle she

On September 15, 2021, Harriet sold a vehicle she had initially purchased in January 2018...

70.2K

Verified Solution

Question

Accounting

On September 15, 2021, Harriet sold a vehicle she had initially purchased in January 2018 for use in her business. This was the only asset she purchased that year, and she elected not to claim the Section 179 deduction or the special depreciation allowance. Harriet used the vehicle 100% for business purposes each year that she owned it. What convention will she use to figure her depreciation deduction for the year of sale?

Half-year.

Mid-month.

Mid-quarter.

Short-year.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

The ground state energy of hydrogen atom is 13 6 eV If the electron jumps...

Finance
1.2K views

Assume a corporation is expecting the following cash flows in the future: $-8 million in year...

Physics
1.2K views

A steel ball of mass 0.770 kg is fastened to a cord that is 38.0 cm...

Basic Math
1.2K views

The following table shows ceremonial ranking and type of pottery sherd for a random sample of...

Physics
1.2K views

A worker pulls a box of mass 110 kg with constant velocity for 50 m...

Basic Math
1.2K views

A retailer who sells backpacks estimates that by selling them for a dollars each, he...

Algebra
1.2K views

5 Solve ex 5e 6 0

Algebra
1.2K views

4 Graph the image of rectangle STUV after a dilation with a scale factor of...

Accounting
1.2K views

Main Street Bakery offers its employees the option of contributing up to 5% of their...

Accounting
1.2K views

On January 1, 2013, Canseco Plumbing Fixtures purchased equipment for $40,000. Residual value at the...

Accounting
1.2K views

14)While performing the monthly bank reconciliation, the bookkeeper for Avon Company made the journal entry...

Accounting
1.2K views

please correct, i thinks its the stockout cost/return cost/other carrying cost (maybe a combo of...