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
scoundrel [369]
3 years ago
7

75 of 100 - jim inherited a property that has not been maintained in years, the property needs new appliances, a roof, new sidin

g, new electrical and plumbing. the cost of the updating far exceeds the value of homes in the area. the lack of feasibility in doing these repairs is called:
Business
1 answer:
Rzqust [24]3 years ago
3 0
The lack of feasibility in doing these repairs is called incurable. Incurable depreciation is a term that describes a defect or a set of defects that can not be cured or it is financially impractical to cure. More specifically, this term refers to the case when the cost of repairing something surpasses the value this item will add to the structure.
You might be interested in
Which of the following is the correct term to
marissa [1.9K]

Answer:procedures

Explanation:

5 0
3 years ago
Read 2 more answers
The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, while the
ValentinkaMS [17]

Answer:

The given statement is <u>False.</u>

A balance sheet is often described as a "snapshot of a company's financial condition.

7 0
3 years ago
Assume you invested $100,000 into your lawn mowing business, but you could have invested in a similar operation with the same ri
Marta_Voda [28]

Answer:

you would get $20,000

Explanation:

100,000 x .2

3 0
3 years ago
Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two dis
nata0808 [166]

Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two discount points at closing. Cost them is $3,610.

A discount point is 1% of the loan amount. Bob and Mary are paying two points (or 2% of $180,500), which is $3,610.

What is discount points?

  • Discount points are a shape of paid ahead of time intrigued that contract borrowers can buy to lower the intrigued rate on their consequent month to month payments.
  • Discount points are a one-time expense, paid up front either when a contract is to begin with orchestrated or amid a refinance.
  • Each markdown point for the most part costs 1% of the overall credit and brings down the loan’s intrigued rate by one-eighth to one-quarter of a percent.
  • Points don’t continuously got to be paid out of the buyer’s stash; they can some of the time be rolled into the advance adjust or paid by the vender.

To know more about discount points visit:

brainly.com/question/14329985?

#SPJ4

4 0
1 year ago
Windsor Hospital purchases $90,000 in surgical equipment on October 1, Year 1. The useful life is estimated to be 5 years, and t
AVprozaik [17]

Answer:

The depreciation expense for year 1 is $16,000

Explanation:

Depreciation: The depreciation was occurred due to tear and wear, obsolesce, time period, etc

Under the straight-line method, the depreciation should be charged with the same amount over the useful life.

The calculation is shown below:

= \dfrac{(original\ cost - residual\ value)}{(useful \ life)}

= \dfrac{(\$90,000 - \$10,000)}{(5 \ years)}

= $16,000

The depreciation should be charged for $16,000 in year 1. Moreover, it is shown in the income statement in the debit side and in the cash flow statement also.

5 0
3 years ago
Other questions:
  • If a company uses a keystone price of $40 how much was the cost of the item to the company?
    5·2 answers
  • Carla Vista Corporation recently reported an EBITDA of $30.70 million and net income of $9.7 million. The company had $6.8 milli
    6·1 answer
  • During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
    5·1 answer
  • On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note requir
    11·1 answer
  • Sue works in the finance department of a large multinational corporation. Her manager has asked her to submit a detailed report
    9·1 answer
  • Ellie is spending her entire income on goods X and Y. Her marginal utility from the last unit of X is 100 and the marginal utili
    10·1 answer
  • The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 pound
    11·1 answer
  • SME Ads Inc. (SME) Steven Monahan owns SME Ads Inc., an advertising agency. At present, the company focuses on advertising only.
    12·1 answer
  • Martinez Corp. has the following transactions during August of the current year.
    14·1 answer
  • What is the primary purpose of a trading bloc? (5 points) group of answer choices to foster political and social unity to lower
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!