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
grandymaker [24]
3 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]3 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.

You might be interested in
Which of the following actions would improve your credit score?
bagirrra123 [75]
Don't over buy items you don't need.
6 0
3 years ago
Which of the following imperfect competitions in national markets can multinational firms take advantage of? a. product differen
crimeas [40]

Answer:

c

Explanation:

i feel they should take advantage of theit financial strength

6 0
3 years ago
10 POINTS PLEASE HELP ASAP
saul85 [17]

Answer:

I wanna say D

Explanation:

hope that helps

3 0
3 years ago
If revenue is $2000 and operating expenses are $6000, cash flow equals _____.
maksim [4K]

Answer:

-4000 hope this helps :)

7 0
3 years ago
Which of the following scenarios illustrates cost-push inflation?(1 point)
Crazy boy [7]

Answer:

1. Inflation is best described as _____.

- an upward, general trend of prices in the economy

2. Which of the following scenarios illustrates cost-push inflation?

- An increase in the price of raw materials decreases aggregate supply, pushing prices higher throughout the economy.

3. The Consumer Price Index in 2018 was 251. In 2019, the CPI rose to 257. Calculate the inflation rate from 2018 to 2019. Round your answer to the nearest tenth of a percent.

- 2.4%

4. The Consumer Price Index of any given year provides _____.

- the relative price of a basket of consumer goods as compared to base year prices

5. The rate of inflation in a hypothetical economy is projected to be 1.5% in the coming quarter. Given this information, the Federal Reserve is likely to _____.

- make efforts to raise the inflation rate because 1.5% is below the desired rate of inflation

Explanation:

Mark me braliest

These are 100% correct

3 0
2 years ago
Other questions:
  • Madura Inc. wants to increase its free cash flow by $180 million during the coming year, which should result in a higher EVA and
    12·1 answer
  • Atlas Company plans to sell 145,000 units in November and 190,000 units in December. Atlas's policy is that 15% of the following
    10·1 answer
  • The failure to record a purchase of mer chandise on account even though the goods are properly included in the physical inven to
    15·1 answer
  • Includes stocks, bonds, and mutual funds
    9·1 answer
  • Assume that the company expects sales of each product to decline to 25,000 units next year with no change in unit selling price.
    11·1 answer
  • Which of the following is not an example of state spending ?
    11·1 answer
  • Looking at the relationship between elasticity and total revenue, we can say that
    7·1 answer
  • An audit basically consists of having the auditor form an opinion regarding management's financial statement assertions. The aud
    13·1 answer
  • Describe the importance of administrative office management
    9·1 answer
  • Many organizations use the same process capability standard for all their products or services (e.g., 1.33), but some companies
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!