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prisoha [69]
3 years ago
5

Mark's home was damaged in a fire and no longer able to be occupied. Fortunately, the event was insured by Mark's property insur

ance policy. Since Mark was unable to occupy his house, the insurance company paid for temporary lodging while the damage to the house was being repaired. This was paid for under what type of coverage....
Business
1 answer:
juin [17]3 years ago
5 0

Answer:

Coverage D

Explanation:

Coverage D basically refers to insuring against the loss of use of your house, i.e. you cannot live in your house temporarily. Coverage D will provide for additional living expenses to the insured in order to cover lodging expenses while the insured property is being repaired and can be used again.

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Which of the following people would tend to favor a communist economy?
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Which of these types of reservations do hotels prefer?
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The answer is <u>C) Advance deposits</u>. I believe.

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Easy question 20 points……..
klio [65]

Answer:

its b

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8 0
2 years ago
Central Supply purchased a new printer for $45,000. The printer is expected to operate for nine (9) years, after which it will b
Molodets [167]

Answer:

$9,900

Explanation:

The double-declining method is an accelerating approach to accounting for depreciation. The method uses twice the rate of the straight-line depreciation method. For central supply, the straight-line depreciation rate will be.

Useful- life 9 years, the rate will 1/9 x 100

=11.11 %

Double declining method = 11 % x 2 = 22%

the Depreciable amount equal to asset cost minus salvage value

=$45,000 -$4500

=$40,500

Depreciation is done up to the salvage value.

The first-year depreciation will be  22% of the book value( the cost price)

=22% of $45,000

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7 0
3 years ago
On March 1, 2021, Beldon Corporation purchased land as a factory site for $64,000. An old building on the property was demolishe
Fofino [41]

Answer:

$638,000

Explanation:

The answer is simply the expenditure minus any selling from salvages.

First total Expenses(cost for land + cost for building) are as follow;

Land purchase: 64,000

Demolition: 6,000

Architect’s fees: 16,000

Legal fees for title investigation of land 4,000

Property taxes on land 3,400

Construction costs 540,000

Interest on construction loan 7,000.

.........................................................................

                     Total expenses = 64,000 +6,000+16,000+ 4,000+3,400+ 540,000 +7,000 = 640,400

                     Salvage sales = 2,400

                     Net Capital Cost = Total expenses - Salvage sales = $638,000

7 0
3 years ago
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