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
Trava [24]
3 years ago
6

The Open Grill incurred the following costs in acquiring a new piece of land:

Business
1 answer:
elixir [45]3 years ago
6 0

Answer:

b. $100,800.

Explanation:

Calculation for the total recorded cost of the land

Cost of the land $ 80,000

Add Commissions $4,800

Add Cost of removing existing building $20,000

Less Sale of salvaged materials ($4,000 )

Total recorded cost of land $100,800

Therefore the total recorded cost of the land will be $100,800

You might be interested in
During the year (not a leap year), Anna rented her vacation home for 87 days, used it personally for 13 days, and left it vacant
Oksana_A [137]

Answer:

<u>Anna can deduct up to US$ 10,000, so she can deduct as an itemized deduction the payment of US$ 2,500 on real estate taxes she made.</u>

Explanation:

Any taxpayer can deduct real estate taxes on the federal income tax return.  For 2019, the IRS says a taxpayer can deduct up to $10,000 ($5,000 if you're married filing separately) But limits apply and you have to itemize to take the deduction.

<u>Therefore, Anna can deduct up to US$ 10,000, so she can deduct as an itemized deduction, the payment of US$ 2,500 on real estate taxes she made.</u>

6 0
3 years ago
A firm that is considering purchasing a capital budgeting project with a beta coefficient greater than the firm's current beta c
Mariana [72]

Answer:

True

Explanation:

5 0
3 years ago
Kate is an accrual basis, calendar-year taxpayer. On November 1, 2019, Kate leased out a building for $4,500 a month. On that da
katrin2010 [14]

Answer:

$31,500

Explanation:

On November 1, 2019, Kate leased out a buliding for $4,500 per month.

On the same day( November 1, 2019) she received seven months payment for the building. Which means she received $31,500 (4,500* 7 months).

Accural taxpayers must be able to include all amount they are to receive for payments of services, once they earn it.

Since Kate is an accural taxpayer, and she receive the $31,500 payment on November 1, 2019, she must include the whole $31,500 on her 2019 tax return as a result of this transaction.

4 0
3 years ago
How will the aggressive e-commerce plan implemented by Walmart affect operations at its retail locations
Lisa [10]

Answer and Explanation:

As we know that Walmart has the biggest size as a strength. Even there is market saturation but still it opened various retail stores. having more than 10,000 stores in international market it seen that there is large amount of profits. Now after implementing the new e-commerce plan the Walmart leave the competition behind as it helped in covering the great amount of customers range due to this it would create a favorable response also it would be helped in online shopping. having e-commerce plan will give the benefit to generate more sales as compared to before

4 0
3 years ago
QUESTION 1 of 10: True or False: Letting employees fail actually contributes to the success of the business.
Rudik [331]

Answer:

True

Explanation:

By failing you learn from your mistakes, and it's just overall good to fail, the more you fail the more you learn and learn not to repeat it.

5 0
3 years ago
Other questions:
  • Resource markets are LEAST LIKELY to sell
    8·2 answers
  • Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectatio
    14·1 answer
  • Center City enacts an ordinance that imposes a jail term, without a trial, on all contractors who solicit business without a cit
    9·1 answer
  • A brick fence straddles the property line of two neighbors. The neighbors agree not to damage it in any way. This is an example
    15·1 answer
  • This month, a company receives $5,000 from a regular customer, of which $3,000 is for products delivered last month and $2,000 i
    14·1 answer
  • Which statement is true about popular culture and stereotypes?
    10·1 answer
  • Something smells peculiar... Oh it IS cheese
    10·2 answers
  • What is a future consequence of making minimum payments each month?
    13·1 answer
  • Can someone please help mee
    9·1 answer
  • CAAT Traders acquired machinery on 1 July 20.18 for an amount of R175 300. This machinery was only available for use from 1 Sept
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!