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bonufazy [111]
3 years ago
15

An acre lot was purchased for $100,000. A $500,000 office building was erected. The building is placed in service in May. Find t

he MACRS depreciation charge for year 1.
A. $8,025
B. $4,8615
C. $9,630
D. $12,820
Business
1 answer:
kolezko [41]3 years ago
5 0

Answer: $8025

Explanation:

From the information given, first and foremost, we need to realise that only the building in this case will be depreciated due to the fact that land is considered to be a non depreciable asset.

Therefore, the MACRS depreciation charge for year 1 will then be:

= MACRS rate × Value of Building

= 1.605% × $500,000

= 0.01605 × $500,000

= $8025

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Yessss when u get the answer tell meee
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__________ is an example of a capability that is based in the functional area of distribution. Group of answer choices Effective
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<u>Effective use of logistics management techniques</u> is an example of a capability that is based in the functional area of distribution.

<u>Option: C</u>

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3 years ago
A consumer has a choice of spending $20,000 on a Honda or $14,000 on a Kia. She was observed buying a Kia during the weekend. Do
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Answer: Not necessarily

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Consumer purchase decisions are dependent on multiple factors such as price, income and preference. It could be that the customer purchased the Kia because the price was less than that of the Honda and so she wanted to save and costs and bought the less expensive choice.

It could also mean that the Kia was all she could afford based on her income so she bought that. It could however also mean that the Kia is her preference as compared to the Honda so she chose that instead.

It is therefore not a foregone conclusion that she bought the Kia simply because she preferred it. More information would be needed to reach that conclusion definitively.

7 0
3 years ago
Blue Enterprises reported cost of goods sold for 2020 of $1,307,500 and retained earnings of $5,383,000 at December 31, 2020. Bl
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Answer: See explanation

Explanation:

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= $1307500 + $36930 - $118630

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Max Weber, a German sociologist, devised the three-component theory of stratification, also referred to as Weberian stratification or the three class system, which used class, position, and party as different ideal types.

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