subject
Business, 19.12.2019 20:31 ashiteru123

Jenny constructed a building for use as a residential rental property. the cost of the building was $82,488, and it was placed in service on august 1, 1994. the building has a 27.5-year macrs life. what is the amount of depreciation on the building for 2018 for tax purposes?

a. $2,250
b. $3,000
c. $6,000
d. $6,547
e. none of the above

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 23:00
Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.
Answers: 2
question
Business, 22.06.2019 12:10
Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?
Answers: 2
question
Business, 22.06.2019 15:20
Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?
Answers: 2
question
Business, 22.06.2019 17:40
Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.
Answers: 3
You know the right answer?
Jenny constructed a building for use as a residential rental property. the cost of the building was...
Questions
question
Mathematics, 08.12.2020 20:00
question
Mathematics, 08.12.2020 20:00
question
Mathematics, 08.12.2020 20:00
question
Mathematics, 08.12.2020 20:00
question
Mathematics, 08.12.2020 20:00
question
SAT, 08.12.2020 20:00
Questions on the website: 13722360