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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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What is potentially problematic about using religious symbols in<br> advertisements?
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The issuance of common stock and declaration and payment of cash dividends will result in the following:
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Explanation:

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8 0
3 years ago
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of
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Answer:

Apportioned set-up cost

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Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.  

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