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Likurg_2 [28]
3 years ago
10

1. (make sure you know what date to use) On August 4, 2020, William purchased a new office building for $3,600,000. On October 2

, 2020, he began to rent out office space in the building. On July 23, 2024, he sold the office building. Determine the cost recovery deduction for 2020. Determine the cost recovery deduction for 2024.
Business
1 answer:
Sever21 [200]3 years ago
6 0

Answer:

Date of assets placed in service is used as starting date for depreciation calculation. The office property is ready to use on August 4, 2020

The building is a non-residential property, so MACRS table for the type of property will be used

Depreciation Base                               $3,600,000

Cost recovery rate per table                  0.963%

Cost recovery deduction for 2020     $34,668

Depreciation Base                               $3,600,000

Cost recovery rate per table                  2.564%

Cost recovery deduction for 2020     $49,998

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Explanation:

<em>Profit sharing</em> has to be included to ensure trust and to also gain the new general manager's trust

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Answer:

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A.  Operations control

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C.  ​Value-added analysis

D.  Business process re-engineering

E.  Quality control

Answer: B

Explanation:

Outsourcing is the business practice of contracting a gathering outside an organization to perform benefits and make products that generally were acted in-house by the organization's own workers and staff. Outsourcing is a training for the most part attempted by organizations as a cost-cutting measure. In that capacity, it can influence a wide scope of employments, going from client care to assembling to the back office. Outsourcing can assist organizations with decreasing work costs fundamentally. At the point when an organization utilizes outsourcing, it enrolls the assistance of outside associations not partnered with the organization to finish certain errands. The outside associations normally set up various remuneration structures with their representatives than the outsourcing organization, empowering them to finish the work for less cash. This at last empowers the organization that decided to redistribute to bring down its work costs.

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3 years ago
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S_A_V [24]

Answer: See explanation

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A pay off matrix has been attached.

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3 years ago
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wlad13 [49]

Answer:

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4 years ago
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Answer:

$13,000

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since  that will reduce the  basis by amount of the note payable.

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8 0
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