Given the above stated information, the the correction options is C. Three year loan costs less than 4 year loan.
<h3>What is a the calculations justifying the above answer?</h3>
The computation is executed using excel. Here is the explanation for same:
- There are two loan choices available. We must calculate the total payments for both alternatives and choose the one with the lowest cost.
- The first option is to pay $193.60 per month with 10% interest for 3 years.
- The second option is to pay $158 per month for four years at 12% interest.
- Total cost for option 1 is $969.60.
- Total cost for option 2 is $1584.00.
Hence from
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Full Question:
Please see the attached image
Answer: $5,681
Explanation:
As this is a residential property the Modified Accelerated Cost Recovery System (MACRS) depreciation rate is applicable.
Also as it was sold during the month, the mid month convention is also in effect which states that when an asset is sold during the month, only 15 days of that month are considered for depreciation assuming a 30 day month.
The straight line rate for MACRS after the first year for this residential property is 3.636% per annum.
The asset didn't last the entire year so this needs to be accounted for.
Out of 12 months it lasted 7 months till July and 15 days in August which means it lasted 7.5/12 of the year.
Depreciation for the year is therefore,
= 250,000 * 3.636% * 7.5/12
= $5,681
The answer to the question above is "not everyone benefits from trade" based on the situation shown in the question above. There will be a group of individual who oppose the international trade if that agreement does not give a mutual benefit to the individual. The international trade could lead to a decreasing in jobs for a specific industry.
Bartering is an exchange of goods where money is not involved
Answer:
The recorded balance will be = $445500
Explanation:
We have given that Metlock purchases the land for cash $430000
Property tax = $4600
The title and attorney fee = $2900
The clinic had a land graded for $8000
We have to find the amount the Metlock lnc record as the cost of land
The record will be equal to = $430000+$4600+$2900+$8000= $445500
So the recorded balance will be = $445500
