Answer:
$226,900
Explanation:
Calculation to determine How much cash was provided by operating activities
Using this formula
Operating activities=Net income+Depreciation-Accounts receivable + inventories increased-Prepaid expenses - accounts payable decreased
Let plug in the formula
Operating activities=$212000 + $35500 - $2100 - $7900 + $1900 - $12500
Operating activities =$226,900
Therefore The Amount of cash that was provided by operating activities is $226,900
I will keep it if it didn’t have a track or have a tag to belong to someone
Answer:
$ 714,550
Explanation:
straight line depreciation:
cost $29,900,000
avoidable interest
AKA interest capitalized through building account $ 592,000
Building posted in the accounting: 30,942,000
salvage value: <u> ( 2,360,000)</u>
<em>amount subject to depreciation 28,582,000</em>
useful life of he building 40 years
depreciation per year: 714,550
Answer:
None, he will have to declare by the beginning of year seven