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a_sh-v [17]
3 years ago
7

If a finance lease contains a bargain purchase option, the lessee should amortize the leased asset: Multiple Choice Over the ter

m of the lease. Without reference to the economic life of the asset. Over the economic life of the asset. Without reference to the term of the lease.
Business
1 answer:
Finger [1]3 years ago
3 0

Answer:

Over the economic life of the asset.

Explanation:

An asset obtained under a financial lease must be depreciated in the same way as the company would depreciate any other similar fixed asset. E.g. a leased truck should be depreciated similarly to other trucks owned by the company.

In a financial lease, the lessor amortizes the asset's value, while the lessee depreciates the assets as common fixed assets (a lessee doesn't amortize).

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Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1234.00 and have not been paid
Tems11 [23]

Sally is buying a home and the closing date is set for April 20th. the annual property taxes are $1234.00 and have not been paid yet. The answer is $368.51.

Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365 days = $3.38.

Step 2: Seller will credit buyer from January through midnight the day before closing. Calculate the exact number of days; January 31 + February 28 + March 31 + April 19 = 109 days Step 3: Multiply the daily rate ($3.3808219178) x Number of days (109) = $368.51

Property tax is the sum that a landowner must pay to the local government or municipal body in their area. Every year, the tax is due and payable. Real estate assets include real estate, commercial real estate, and residential real estate that is rented to third parties.

Owners of real estate must pay property taxes that are computed by the municipal authority where the asset is situated.

Property tax is calculated based on the value of the property, which can be a tangible personal property or real estate in various countries.

Learn more about property taxes here:

brainly.com/question/11544476

#SPJ4

6 0
2 years ago
1. The two primary goals of the progressive movement, as a whole, were to a. restore business competition and stimulate entrepre
Vinil7 [7]

Answer:

improve the quality of urban life and help immigrants adjust to American life.

Explanation:

The progressive movement was a period when the was social activism and political reforms accross America. It occurred between the 1820s to the 1920s.

Mainly the movement was aimed at resolving problems of industrialisation, urbanisation, immigration, and corruption.

This was the basis for direct democracy, and also they requested for regulation of monopolies through anti trust laws that promotes equality in competition.

5 0
3 years ago
ason owns a small landscaping business called GreenScapes. When buying a new pickup truck for his landscaping business, Jason ne
Tomtit [17]

Answer: reciprocity

                       

Explanation: In simple words, reciprocity refers to the agreement in which two parties exchange goods or services in such a way that both of them will gain benefit from such agreement.

In business it can achieved in many ways, for example by combining the efforts and resources or by providing each other some service in exchange for service from the other side.

In the given case, Jason made a deal with dodge to provide service to him in exchange for service by him. Hence we can conclude that the given case depicts reciprocity.

4 0
3 years ago
Jessica is a U.S. Army Reservist and in 2019 traveled 130 miles each way to serve duty at a local military installation. She was
faust18 [17]

Answer:

Jessica's for AGI deduction for these costs is:

b. $14.00.

Explanation:

The aggregate gross income (AGI) can be defined as the total amount of income that an individual earns and is used in calculating the amount of income tax that an individual is liable to pay. The AGI can be expressed as follows;

AGI=T×N×W

where;

AGI=aggregate gross income

T=toll amount per way

N=number of times she reported

W=number of way

In our case;

AGI=unknown, to be determined

T=$1.75

N=4

W=2

Replacing;

AGI=(1.75×4×2)=$14.00

Jessica's for AGI deduction for these costs is:

b. $14.00.

4 0
3 years ago
Holders of common stock receive certain benefits, such as a residual claim, which is the
Elenna [48]
<span>right to share in any remaining assets after creditors have been paid off, should the company cease operations. A residual claim is one benefit that common stock holders can receive. This claim takes effect once the company itself is liquidated. The assets that are left upon liquidation are divided evenly, and the common stock holders receive a proportional part of the assets at liquidation. Among this, common stock holders receive dividends.</span>
7 0
3 years ago
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