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KengaRu [80]
3 years ago
9

On June 1 of the current year, Jack and Angie purchased a rental beach house for $900,000 and rented it right away. Of that amou

nt, $600,000 was for the land value. How much depreciation deduction can Jack and Angie take in the current year? (You may need to refer to the depreciation tables.) a. $5,910 b. $10,909 c. $11,820 d. $17,730
Business
1 answer:
nalin [4]3 years ago
7 0

Answer:

a. $5,910

Explanation:

The computation of the deduction amount for depreciation is shown below:

= (Rental beach house - the amount of the land value) × depreciation rate

= ($900,000 - $600,000) × 1.97%

= $300,000 × 1.97%

= $5,910

Refer to the depreciation table and we assume the year would be 1 and the recovery period is 19 years is 1.97%

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A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely
slega [8]

Answer:

management has not explained its business purpose

Explanation:

Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.

Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements

So it would be suspicious because the purpose of the business could not be explained

4 0
3 years ago
If the steady-state rate of unemployment equals 0.125 and the fraction of unemployed workers who find jobs each month (the rate
kodGreya [7K]
The fraction of the employed workers who lose their jobs each month or the rate of the job separation must be 0.07

Steady-state rate of unemployment multiply to the fraction of unemployed workers who find jobs each month.
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6 0
3 years ago
What term is used to describe a technical, physical, or administrative process designed to reduce risk?
kvv77 [185]

Answer:

Control

Explanation:

Control in management as well as organization is very essential, it is very crucial for organization to achieve their goals. Control helps in the area of taking corrective measures whenever the needs arrises. It involves using technical as well as physical method in regulation of activities within an organization which will later reduces risk. It should be noted that control is

used to describe a technical, physical, or administrative process designed to reduce risk.

6 0
3 years ago
Free trade agreements (FTAs) led most directly to which of the following outcomes?
Yakvenalex [24]
I think it's most likely to be A (better working conditions), free trade agreements exist when countries agrees to trade imports/exports with no barriers such as tariffs and quotas, e.g. ASEAN.



I hope to helped you!
4 0
3 years ago
Read 2 more answers
A black market is A. a market in which buying and selling take place at prices that violate government price regulations. B. ver
bekas [8.4K]

Answer:

The answer is: A) a market in which buying and selling take place at prices that violate government price regulations.

Explanation:

Black markets happen when entities (individuals or businesses) engage in trading of goods and services that are prohibited by the governments. Or when the entities engage in trading activities and do not want to pay taxes from those transactions.

6 0
3 years ago
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