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
Selecting a job based on your skills and interests is important, because on average, a person with a full time job works approxi
Schach [20]
2000 is approximately hours are spent each year 
3 0
3 years ago
National income accountants can avoid multiple counting by.
denis-greek [22]

Answer:only counting final goods

Explanation:

3 0
2 years ago
If an economic crisis were to occur that caused a significant decline in the projected tax revenue for the biennium, the state l
densk [106]

If a country is going through financial difficulty, there are several steps they can take including:

  • Reducing spending
  • Delaying interest payments
  • Using cash reserves

If a country sees that its taxes will not be enough to cover its obligations, it can reduce the amount it spends on goods and services so as to reduce its obligations.

Country can also increase the time taken to pay off debts so that they can divert cash to needed areas whilst waiting for things to be better.

Country can use cash reserves that it accumulated in one form or the other to weather the storm of reduced taxes.

In conclusion, the government can deal with tax shortage in several ways.

<em>Find out more at brainly.com/question/14325722. </em>

3 0
2 years ago
The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for ____________ .
velikii [3]
The answer that would best complete the given statement above would be the term CHILDREN. <span>The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for children. This is under the minor protection law. Hope this answers your question. Have a great day!</span>
8 0
2 years ago
Read 2 more answers
An offer is made to sell a house, and the offeree has deposited an acceptance letter in the mailbox, but it has not been receive
mash [69]

Answer:

False

Explanation:

As the contract was formed when the offeree has deposited acceptance letter in the mailbox, hence the offeror is bond to sell the house.

4 0
3 years ago
Other questions:
  • Last year, Reggie, a Los Angeles, California resident, began selling autographed footballs through Trojan Victory (TV), Incorpor
    6·1 answer
  • Rick lost his job as a logistics and distribution coordinator nearly three years ago. after a long and failed​ search, rick fina
    7·1 answer
  • Why is it important not to leave your personal information on a public computer?
    13·1 answer
  • On January 1, Year 2, Grande Company had a $63,400 balance in the Accounts Receivable account and a $1,300 balance in the Allowa
    14·1 answer
  • Which one of the following is not true when the economy is in macroeconomic​ equilibrium? A. When the economy is at​ long-run eq
    7·1 answer
  • If you perceive that the costs and rewards are balanced between you and your partner, you are more likely to be satisfied with y
    9·1 answer
  • A law firm, Morris &amp; Morris, accumulates costs associated with individual cases using a job order cost system. On August 5,
    13·1 answer
  • Two special methods vital to marketing researchers are __________ and __________.
    13·1 answer
  • Flint Systems is considering investing in​ production-management software that costs​ $630,000, has​ $67,000 residual​ value, an
    7·1 answer
  • Assume that you have been hired by a large international bank that is looking to develop a smartphone app to help college studen
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!