<span>It would be: $3 million ($10 million in cost less $7 million in payment)</span>
Answer:
a) The effect the rental activity has on Adelene's AGI is $0.
b) The total rental income is less than the total expenses for the year, so the reportable rental income is $0.
Explanation:
a)
particulars amount amount
rental income $5,000
property taxes $3,800
mortgage interest $7,500
utilities $3,700
insurance $2,500
repairs $2,100
depreciation $15,000
total deduction $34,600
AGI $0
Therefore, The effect the rental activity has on Adelene's AGI is $0.
b)
particulars amount
Real property taxes $3,800
mortgage interest $7,500
utilities $3,700
insurance $2,500
repairs $2,100
depreciation $15,000
total expenses $34,600
Therefore, The total rental income is less than the total expenses for the year, so the reportable rental income is $0.
Answer:
Dribbling is a technique used in field hockey to move the ball forward using small touches with a hockey stick.
Answer:
OK! TYSM
Explanation:
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Answer:
$43,130
Explanation:
Wala Inc.
Cash disbursements = (Variable selling and administrative cost x Number of direct-labor hours) + (Fixed manufacturing overhead less depreciation)
= (4,100 x $4.00) + ($30,140 - $3,410)
=$16,400+$26,730
=$43,130