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NEW QUESTION: 1
Starr, a self-employed individual, purchased a piece of equipment for use in Starr's business. The costs associated with the acquisition of the equipment were:
What is the depreciable basis of the equipment?
A. $58,400
B. $59,125
C. $59,425
D. $55,000
Answer: C
Explanation:
Explanation
Choice "d" is correct. The rules for depreciable basis in tax are generally the same as the GAAP rules for capitalizing an asset. The depreciable basis is the cost associated with the purchase of the asset and with getting the asset ready for its intended use. Further improvements are also capitalized, and the basis is reduced for any accumulated depreciation. In this case, the cost of obtaining the equipment and getting the equipment ready for its intended use includes all the items shown above, as follows:
Choice "a" is incorrect. The costs of delivery charges, installation, and sales tax are all part of the cost of obtaining the asset and getting the asset ready for its intended use. All of these charges are included in the depreciable basis of the equipment.
Choice "b" is incorrect. The costs of delivery charges and installation are both part of the cost of obtaining the asset and getting the asset ready for its intended use. These charges are included in the depreciable basis of the equipment.
Choice "c" is incorrect. The cost of installation is part of the cost getting the asset ready for its intended use. This charge is included in the depreciable basis of the equipment.
NEW QUESTION: 2
Which of the following mobile device sync methods is easiest for the end user but requires more configuration on the part of the technician?
A. Dock sync
B. Wireless sync
C. Wired sync
D. Encrypted wired sync
Answer: B
Explanation:
Reference:http://www.pcworld.com/article/242242/how_to_use_wireless_sync_in_ios_5.html
NEW QUESTION: 3
Which component publishes the configuration parameters required for automatic registration of the Equinox Clients (Thick Clients)?
A. Avaya Aura Session Manager
B. Avaya Aura Communication Manager
C. Avaya Aura Device Services
D. Avaya Multimedia Messaging Service
Answer: D
NEW QUESTION: 4
Which component can be used to determine the RAID configuration for direct attached disks?
A. UEFI
B. Smart Storage Administrator (SSA)
C. Online Diagnostics Utility
D. Centralized Management Console (CMC)
Answer: C
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