Answer:
The amount of income tax payable on December 31, 2017 amounts to $48,000
Explanation:
The income tax payable amount is computed as below:
Income tax payable = Taxable Income for the year × Tax rate for the year
= $120,000 × 40%
= $48,000
Therefore, the $48,000 will be reported as the amount of income taxable payable on December 31, 2017.
Answer:
$11,125
Explanation:
The total annual cost of renting is the total amount the tenant spends to be able to rent the apartment which includes the annual rent, the security deposit, the interest lost on the money used for the security deposit and the insurance cost.
Annual cost of renting= ($860*12)+$700+($700*3%)+$84
Annual cost of renting= $10,320+$700+$21+$84
Annual cost of renting= $11,125
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
B) we don't have authorisation to upload excel
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
A
Explanation:
Obsolescence is the loss in value of a property.
there are different types of obsolescence
They include :
1. External obsolescence is the loss in value of a property as a result of factors external to the property. Such factors include economic, social or environmental.
Loss in value due to safety concerns qualifies as external obsolescence
2. Physical obsolescence
3. Functional obsolescence
