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3 years ago

The capitalized cost of land excludes:

Business

1 answer:

svet-max [94.6K]3 years ago

4 0

Answer:

(D) Property taxes for the first year owned.

Explanation:

Capitalized cost is an added expense of a fixed asset. This is not the price paid for an asset but an additional expense incurred overtime in the form of depreciation or amortization. Excluded in this cost is the property taxes for the first year owned. It is included in the cost basis of the asset.

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The answer to this? Thanks

Veseljchak [2.6K]

The answer is B I believe

3 0

3 years ago

7. Choose if the product is a Good, a Service, or Both.

Papessa [141]

Answer:

1 buying a bicycle it's a good

2 getting a back message it's a service

3 getting the plumbing fixed in your house it's a service

4 use of a smartphone app it's a service

5 buying a new Ac unit for your house it's a service

6 buying a hamburger it's a good

7 getting your taxes completed by a tax firm it's both

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2 years ago

Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated to the land on which the buil

Alex_Xolod [135]

Answer:

$4872

Explanation:

Given: Purchase price of an office building= $220000.

Out of cost building, $30000 was allocated to the land.

Remember, As per current US Tax code, commercial building can be depreciated over 39-year straight-line for commercial property.

Now, calculating the current year depreciation deduction.

We know, land is not depreciable.

∴ Cost of building= $Purchase\ price\ of\ building - cost\ of\ land$

⇒ Cost of building= $\$ 220000 - \$ 30000$

∴ Cost of building= $\$ 190000$

Next calculating depreciation using straight line method ignoring salvage value.

Depreciation deduction= $\frac{\$ 190000}{39}$

∴ Depreciation deduction= $\$ 4872$

Hence, The corporation's current year depreciation deduction for the building is $4872

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3 years ago

Howat Corporation earned $360,000 during a period when it had an average of 100,000 shares of common stock outstanding. The comm

Lyrx [107]

Answer:

The answer is:

A. Yes

B. 3.6

C. 3.43

Explanation:

A. Yes, the warrants is dilutive because the average market price($15) is higher than option price($10).

B. Since there is no preferred shares or preferred dividends, the basic earnings per share is:

Net income ÷ weighted average shares

= $360,000 ÷ 100,000 shares

= 3.6

C. First we need to find the incremental shares. The formula is:

[(average market price - option price) ÷ average market price]x number of shares

[($15 - $10) ÷ $15] x 15,000 shares

$0.33333 * 15,000 shares

5,000 shares

Total number of shares is now 105,000shares(100,000 shares + 5,000)

Therefore, diluted shares is now

$360,000 ÷ 105,000 shares

3.43

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3 years ago

Which organization provides leadership for the federal reserve system? board of governors congress department of the treasury fe

Setler79 [48]

<span>It is the organization, the Board of Governors, a federal government agency, which provides to the Federal Reserve System its leadership. The Board of Governors is made up of seven members which have been U.S.President-appointed as well as confirmed by the United States Senate.</span>

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3 years ago