Luxury Auto Limitations. Tracy acquires an automobile (MACRS 5-year recovery) on March 1, 2013. He uses the automobile 70% of the time in his business and 30% of the time for personal use. The automobile cost $36,000, and no amounts are expensed under Sec. 179 or bonus depreciation. a. What is depreciation for 2013-2018 and any subsequent years?b. How would your answer to Part a change if the vehicle were a SUV with a gross vehicle weight rated (GVWR) of over 6,000 pounds and Tracy elected to expense the SUV under Sec. 179?c. What is the amount deductible in 2013 and 2014 if the taxpayer elects to take advantage of bonus depreciation? Additional Requirements Level of Detail: Show all work Other Requirements: Please answer in high detail and relate with CFR or regulations on Word doc.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Lutz Corporation is currently producing 120,000 units, and has the ability to make 150,000 units. If the company received a special order at a special price (below its regular price) what is the highest number of units that can be included in the special order and still allow Lutz to ignore fixed overhead costs?

Choices are 0, 120000, 96000, 150000, or none of the above.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

What is your conclusion about the fairness of the recorded balance in accounts payable for Pinnacle Manufacturing as it affects the income statement and balance sheet? How does this affect your assessment of control risk as being low for all transaction-related audit objectives? Assume you decided that tolerable misstatement for accounts payable as it affects the income statement is $230,000.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

M Corp. has an employee benefit plan for compensated absences that gives employees 15 paid vacation days. Vacation days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days. At December 31, 2009, M’s unadjusted balance of liability for compensated absences was $30,000. M estimated that there were 200 vacation days available at December 31, 2009. M’s employees earn an average of $150 per day. In its December 31, 2009, balance sheet, what amount of liability for compensated absences is M required to report

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

please solve thanks thanks thanksthanksthanksthanksthanks

—m—_E_ Transfer payments tn huueeh ulds frum gevernment m “—m—m—_—m Table-1: Data for the country ef Buwieland fer the year 2016 T. Table-1: Grass neflenal product fer Efllfi is A $545B $4451‘: $495D None at" the eheve

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"