Since 9 is over 5 it rounds up: 40,000
There is no depreciation schedule provided along with your question.
Assuming that the question makes us of the <span>Modified Accelerated Cost Recovery System (MACRS), which provides that </span>the useful life for non-residential real property is 39 years. Depreciation is straight line using the mid-month convention.
The mid-month convention means that the month of acquisition is calculated as half month irrespective of the date of acquisition.
Given that <span>Richard purchased and placed in service an office building costing $753,000, including $134,000 for the land in August 2016, the depreciable part is only the building, hence the depreciable cost is given by:
$753,000 - $134,000 = $619,000
</span>
<span><span>The depreciation charge for each year of the estimated life of the building is given by:
$619,000 / 39 = $15,871.79
</span>The depreciable period in 2016 is 4.5 months (i.e. September, October, November and December with August treated as half month).
</span>Therefore, the <span>amount of depreciation Richard may claim in 2016 is</span> given by:
(4.5 / 12) x $15,871.79 = $5,951.92.
Answer:
Step-by-step explanation:
21
Answer:
a10 = 25
Step-by-step explanation:
I'm not certain that I have interpreted the question in the way it was intended; however, if I have:
a
10 = 3
(10
) − 5 =
30 − 5 = 25
Step-by-step explanation:
after 60% reduction he paid 40% of its price=224
224×100=40×?
?=560
