1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
klio [65]
3 years ago
5

What type of asset is rental income?

Business
1 answer:
Jobisdone [24]3 years ago
6 0

Answer:

In most cases rental property should be reported as an investment asset. Since, the property most likely a duplex or triplex housing is used in your business to generate income it would be considered a business asset.

Explanation:

You might be interested in
Two alternatives, code-named X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives are l
sergejj [24]

Answer:

It will be a financial disadvantage of Alternative Y over Alternative X

which menas, alternative X is better as their work is lower.

Explanation:

\left[\begin{array}{cccc}&X&Y&$Differential\\$Material cost&-43000&-62000&-19000\\$Processing cost&-47200&-47200&0\\$Equipment rent&-17800&-17800&0\\$Occupancy cost&-16800&-25100&-8300\\&&&0\\$Total&-16800&-25100&-8300\\\end{array}\right]

6 0
3 years ago
Ira believes that Damien soap moisturizes effectively. When she sees Damien shampoo at the store, she purchases it as she assume
tino4ka555 [31]

Answer: Stimulus generalization.

Explanation:

Ira is making purchase of Damien soaps based on the Stimulus generalization that the soap would perform in the same way as what she has in mind. Stimulus generalization is when an individual reacts to similar stimuli in similar ways.

3 0
3 years ago
Which statement best describes the role of a credit agency?
tekilochka [14]

Answer:

The statement best describes the role of a credit agency is "It tracks the use of credit for lenders"

3 0
3 years ago
For $20 million, Ross Adams Mining acquired a tract of land containing a large deposit of anthracite coal. Ross Adams believes t
ziro4ka [17]

Answer:

$6.25 per ton of coal

Explanation:

the depletion base = purchase cost + restoration costs

  • purchase cost = $20 million
  • restoration costs = $6 million

depletion base = $26,000,000

depletion rate per ton of coal = (depletion base - salvage value) / estimated reserves = ($26,000,000 - $1,000,000) / 4,000,000 = $6.25 per ton of coal

The depletion rate follows the same concepts as depreciation of fixed assets, but instead of using a fixed asset, you are extracting materials and decreasing the value of the deposits.

8 0
3 years ago
Stephanie is 60 years old and is in the 30% tax bracket. Fifteen years ago, she established a Roth IRA that now has a balance of
Vika [28.1K]

Answer:

b. not have to pay taxes on her withdrawal

Explanation:

Options are <em>"a. pay $6,000 in taxes b. not have to pay taxes on her withdrawal, c. have to pay payroll taxes. d. have to pay a 10% penalty on her withdrawal."</em>

<em />

For the year 2020, if the age of the person making the withdrawal is more than 59 1/2 years and the balance in Roth IRA account is kept for more than 5 years then, the funds in such account can be withdrew without any taxes and penalties and that too without any conditional requirements.

6 0
3 years ago
Other questions:
  • When using the book value of equity, the debt to equity ratio for Luther in 2018 is closest to: A) 0.43 B) 2.29 C) 2.98 D) 3.57
    6·1 answer
  • Permian Underground Machines &amp; Pipes Co. (PUMP) is in the oil and gas equipment and services industry. It is considering a n
    15·1 answer
  • Which of the following industries have been deregulated in recent years
    15·2 answers
  • The consumers union has proved effective in forcing businesses to change unethical behavior
    5·1 answer
  • When the value of a country's exports exceed the value of its imports, the country is experiencing:
    14·1 answer
  • Describe how you would incorporate adult learning principles and methods of experiential learning from this course into the Maer
    14·1 answer
  • Price discrimination requires:
    9·1 answer
  • Of money's three functions, the one that distinguishes money from other assets is its function as a a. store of value. b. unit o
    14·1 answer
  • On February 22, Brett Corporation acquired 250 shares of its $3 par value common stock for $26 each. On March 15, the company re
    5·1 answer
  • On May 7, Keenan Company purchased on account 620 units of raw materials at $21 per unit. During May, raw materials were requisi
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!