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grandymaker [24]
2 years ago
6

On January 2, year 5 Ral Co. leased land and a building from an unrelated lessor for a 10-year term. The lease has a renewal opt

ion for an additional 10 years, but Ral has not reached a decision with regard to the renewal option. In early January of year 5, Ral completed the following improvements to the property: Description - Estimated life - Cost Sales office 10 years $47,000 Warehouse 25 years 75,000 Parking lot 15 years 18,000 Amortization of leasehold improvements for year 6 should be:a. $7,000
b. $8,900
c. $12,200
d. $14,000
Business
1 answer:
nordsb [41]2 years ago
6 0

Answer:

D) $14,000

Explanation:

Description       Estimated life       Cost        Amortization per year

Sales office           10 years         $47,000           $4,700

Warehouse          25 years         $75,000           $7,500

Parking lot            15 years          $18,000            $1,800

total                                                                      $14,000

Even though the useful life or the warehouse and parking lot is longer than 10 years, since the lease contract is only for 10 years, then it must be depreciated in 10 years.

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Answer: (C) Actions

Explanation:

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4 0
3 years ago
Reporting relationships between bosses and subordinates is a function that relates to the ________ dimension of a firm's structu
TEA [102]

The answer in the space provided is vertical dimension of a firm’s structure. This is a structure in which a manager is being relied on or the one who is responsible of executing a command in means of having to control the employees and the task that they should do.

5 0
2 years ago
A person does not need contractual capacity to be an agent. <br><br> a. False <br> b. True
mixas84 [53]
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4 0
1 year ago
You have a chance to buy an annuity that pays $550 at the beginning of each year for 3 years. You could earn 5.5% on your money
Oliga [24]

Answer:

$1,565

Explanation:

Enter the following inputs into financial calculator, we will have:

n = 3 years

Present value (PV): The amount that you should pay for the annuity. This is the missing value we need to calculate

Future value (FV): FV = 0, there is no future value of an annuity

PMT: The amount that annuity pays per year. ($850)

i/r = 5.5%: The interest you expect to receive from the annuity

PV = $1,484

Since the payment is made at the beginning of each year, you should multiply the PV amount by  (1+0.055)

The final answer would be 1,484 x 1.055 = $1,565

The most you should pay is $1,565

7 0
3 years ago
International law governs?
Fittoniya [83]

Answer:

Relations or transaction between independent nations.

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Each countries have different law.

Which means that when two countries about to engage in a certain transaction, they need another law as a foundation to regulate the transaction. Using the law of only one of the country will be unfair for the other.

International law will come into picture in such circumstances. During relations or transaction between independent nations, a third neutral party (Such as the agencies from the united nations) will regulate their dealings based on international law that applicable to all members of the united nations.

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3 years ago
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