1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oksian1 [2.3K]
4 years ago
12

Alice purchases a rental house on August 22, 2019, for a cost of $174,000. Of this amount, $100,000 is considered to be allocabl

e to the cost of the home, with the remaining $74,000 allocable to the cost of the land. What is Alice's maximum depreciation deduction for 2019 using MACRS?
Business
1 answer:
Vlada [557]4 years ago
6 0

Answer:

$1,364

Explanation:

According to the MACRS a rental house is classified as the 27.5 year residential property. It is the first year after purchase and August is the 8th month of 2019 and so according to the MACRS depreciation table for the residential property the rate applicable for this property is 1.364%. Maximum depreciation deduction for the year 2019 is

Cost of House = $174,000

Cost of Land = $74,000

Cost of Building = $100,000

As depreciation on land is not applicable because it does not depreciate. The depreciation will be calculated using Building value

Depreciation = $100,000 x 1.364% = $1,364

You might be interested in
Nathan buys a new microwave for $200. The microwave’s label bears a disclaimer that the manufacturer is not liable for consequen
Rainbow [258]

Answer:

Option (c) $200

Explanation:

Data provided in the question:

Cost of the microwave = $200

Cost of repairs in the kitchen = $2,000

Now,

The damage caused in the kitchen is due to the malfunctioning of the microwave.

But the disclaimer on the microwave’s label already mentioned that the manufacturer is not liable for consequential damages.

here,

The damage in the kitchen is consequential damage to microwaves.

Hence,

the manufacturer of the oven will only give $200

Option (c) $200

5 0
3 years ago
What part of your social media strategy is working against your goals?
Maslowich
What are you try to ask
8 0
3 years ago
Compare the two terms increasing marginal returns and diminishing marginal returns describe
Darya [45]
Increasing marginal returns is the increase of output when there is an addition of variable input aside from the fixed input over a short period. Diminishing returns is the decrease of output when there is an incremental increase of one production factor while other factors remained constant. 

4 0
3 years ago
an organization that seeks to operate efficiently and effectively to achieve its goals without focusing on profit as a motive
Likurg_2 [28]

Answer: A non profit organization

Explanation: A non profit organization is an establishment created to perform efficiently and effectively, without necessarily making profit as its aim.

They most times function in the area of humanitarian needs, health and medicine, financially empowering the unemployed in communities.

The non profit organization are most times sponsored by government of nations, international bodies ( such as UN, WHO, UNESCO).

6 0
3 years ago
Under Armour uses its website to sell its products, but Nathan Shriver, art director of Interactive, believes that what the webs
Vlad1618 [11]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Friendlier to the customer

b) Recognizable in retail stores

c) Seem special compare to off-label gear

d) Part of the consumer's daily life

e) Seem of higher quality than Nike

And the correct answer is the option D: Part of the consumer's daily life.

Explanation:

To begin with, when Nathan Shriver says that he believes that the website and advertising of the company does is to make the brand more part of the consumer's daily life refers that in the end it is that action what truly makes the company to increase its sales due to the fact that thanks to the marketing campaigns now the brand is more important in the life of the consumers and more due to the fact that those advertising make them understand that the use of Under Armour's products is essential to every day training and movement that the clients might face.

7 0
3 years ago
Other questions:
  • Rock cracks and shift when
    8·2 answers
  • What type of personal property includes all movable wealth which is visible and the value of which can easily be assessed (for e
    12·1 answer
  • Sights Unseen, Inc., (SUI) sells telescopes with distinctively designed lenses and mirrors. Later, without SUI’s permission, Tel
    7·1 answer
  • A store has issued two different coupons for its customers to use. One coupon gives customers $20 off their purchase price, and
    12·1 answer
  • A company's current LIFO inventory consists of 5,000 units purchased at $6 per unit. Replacement cost has now fallen to $5 per u
    6·2 answers
  • Can i have one sentence on how you would describe your favorite icecream
    6·2 answers
  • Explain the role of the board of directors in a public company.provide four points​
    6·1 answer
  • As you move through your career and begin to seek promotions, it is helpful to ______. A. Target and train for specific career p
    5·1 answer
  • True or false: The primary function of financial accounting is to provide useful financial information to users who are internal
    11·1 answer
  • bovee, courtland l. and john v. thill. business communication essentials. 7th/8th ed. upper saddle river, n.j.: pearson educatio
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!