3 Answered Questions for the topic Depreciation
The local hardware store has a discount sale. Articles are offered for sale at 25% off the recommended retail price.
Employees can also claim a further 10% price reduction on the sale price of all goods. During this sale an employee buys an article with a recommended retail price of $200.-what price will the... more
U.S. Taxes: Can you deduct or depreciate equipment that was both bought and sold in the same year?
Assume there is equipment used for a for profit endeavor that will be deducted from earnings. That equipment is also sold in the same year, for less than or equal to the purchase price. How does... more