Sam owns a small apartment building. This is the only rental building that Sam owns. During the year, Sam incurs the following e
xpenditures. Discuss the proper tax treatment of each expenditure
Item Amount Expense or Capitalize Basis for your decision
Replace roof and roof underlying structure because of building code requirements $80,000
Repaint the exterior $9,000
Repair door handles and door locks $1,000
Replace broken windows $1,500
Replace crumbling sidewalks and stairs because of building code requirements $47,000
Item Amount Expense or Capitalize Basis for your decision
Replace roof and roof underlying structure because of building code requirements $80,000
Repaint the exterior $9,000
Repair door handles and door locks $1,000
Replace broken windows $1,500
Replace crumbling sidewalks and stairs because of building code requirements $47,000
1 answer:
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Answer:
6 salespersons
Explanation:
A histogram shows the graphical representation of the distribution of numerical data using bars of different lengths.
From the histogram:
The number of salespersons who sold 11 - 12 packages = 1
The number of salespersons who sold 13 - 14 packages = 2
The number of salespersons who sold 15 - 16 packages = 3
Therefore the new agents who sold more than 10 vacation packages = 1 + 2 + 3 = 6 salespersons
