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scoundrel [369]
3 years ago
15

Emily purchased a building to store inventory for her business. The purchase price was $760,000. Emily also paid legal fees of $

300 to acquire the building.
In March, Emily incurred $2,000 to repair minor leaks in the roof (from storm damage earlier in the month) and $5,000 to make the interior suitable for her finished goods.

What is Emily’s cost basis in the new building?

Business
1 answer:
lisov135 [29]3 years ago
5 0

Answer:

Please see attachment

Explanation:

Please see attachment

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A text only forum accessed through a bulletin board service (BBS) is known as a ____.
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its B don't listen to stupid people

Explanation:

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3 years ago
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Which of the following statements about transportation in the United States is NOT true?
yaroslaw [1]

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The cost of gasoline is higher in the U.S. than anywhere else in the world.

Explanation:

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3 years ago
Suppose you purchase one share of the stock of Red Devil Corporation at the beginning of year 1 for $42.50. At the end of year 1
kkurt [141]

Answer:

17.76%

Explanation:

The computation of the time-weighted return on your investment is given below

But before that we have to do the following calculations

Year 1 = ($46.50 - $42.50) + 2 ÷ ($42.50) × 100 = 14.12%

Year 2 = ($54.50 - $46.50) + 2 ÷ ($46.50) × 100 = 21.51%

Now the time weighted return is

(1 + t)^2 = (1 + 14.12%) × (1 + 21.51%)

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8 0
2 years ago
Auto Parts is considering a merger with Car Parts. Car Parts market-determined beta is 0.9, and the firm currently is financed w
kvasek [131]

Answer: 9.7%

Explanation:

Given Data

Rf = Risk free return = 6%,

Rpm = Risk premium = 4%,

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= 9.28%

Levered Equity Cost:

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3 years ago
At March 31, the end of the first month of operations, the usual adjusting entry transferring prepaid insurance expired to an ex
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A and B

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