Explanation:
a)
Mid-month MACRS convention is applicable here because real property is placed in service in the middle of the month in which acquired.
b)
The life of the asset following MACRS is 39 years.
c)
Cost recovery deduction:
The building is listed as the non-residential real property holding 39 years lifetime
Cost recovery deduction for 2015:
= $3,800,000 x 0.535%
= $20,330
Cost recovery deduction for 2019:
= $3,800,000 x 2.564% x (6.5/12 months)
= $52,776
Hello! Payless Shoe Source is a chain of e. Specialty stores. This is the case because the store specializes in shoes.
The factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.
<h3>What is revenue?</h3>
It should be noted that revenue simply means the income that a company can make based on the sales of a product.
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. Sales or turnover are other terms used to describe commercial revenue. Some businesses make money from royalties, interest, or other fees.
In this case, the factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.
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Answer:
Equilibrium Income = 400
Explanation:
Economy is at equilibrium where :
AD (i.e = C + I) = AS (i.e = C + S)
C + I = C + S
I = S
Given I = 80 , S = -80 + 0.4Y
Putting in formula,
80 = -80 + 0.4Y
80 + 80 = 0.4Y
160 = 0.4Y
Y = 160/0.4
Y = 400
