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3 years ago

What is Not true about unexpected expenses?

Business

1 answer:

m_a_m_a [10]3 years ago

3 0

<u>Answer:</u> Option a they do not occur if you have a budget

<u>Explanation:</u>

Unexpected expenses are the sudden expenses which occur which are apart from the budgeted usual expense. These expenses cannot be predicted in advance they also occur rarely. The payment of other bills become due to unexpected expenses. They affect the budget of the month.

The borrowing of funds can be avoided if funds are saved for emergency purposes in the budget.Emergency fund saved can help to meet the unexpected expenses. They can be included in the budget as emergency fund.

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Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated to the land on which the buil

Alex_Xolod [135]

Answer:

$4872

Explanation:

Given: Purchase price of an office building= $220000.

Out of cost building, $30000 was allocated to the land.

Remember, As per current US Tax code, commercial building can be depreciated over 39-year straight-line for commercial property.

Now, calculating the current year depreciation deduction.

We know, land is not depreciable.

∴ Cost of building= $Purchase\ price\ of\ building - cost\ of\ land$

⇒ Cost of building= $\$ 220000 - \$ 30000$

∴ Cost of building= $\$ 190000$

Next calculating depreciation using straight line method ignoring salvage value.

Depreciation deduction= $\frac{\$ 190000}{39}$

∴ Depreciation deduction= $\$ 4872$

Hence, The corporation's current year depreciation deduction for the building is $4872

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3 years ago

Which of the following programs completes similar functions as those completed by Microsoft® Publisher?

Strike441 [17]

The programs completes similar functions as those completed by Microsoft® Publisher.

<h3>What is Microsoft word?</h3>

Microsoft word serves as a program that is used in educational area in writing documents.

It is been owned by Microsoft and it can be used in different field even for research purposes.

Learn more about program at;

brainly.com/question/15402972

7 0

2 years ago

Read 2 more answers

Bummerland finds itself in a recession caused, as assumed in class, a sticky nominal (money) wage (W) which is too high to clear

puteri [66]

Answer:

is this a book if so send me a link

Explanation:

8 0

3 years ago

As a result of the seizing up of the capital markets in 2008, and the shutting down of the CMBS market specifically, life insura

SCORPION-xisa [38]

Answer:

The statement given is TRUE:

Explanation: Most of CBMS left in 2008, there was vacuum that was left. Banks just decided to clean up their balance sheets, and did not participate. The life insurance companies took advantage of this period and increased their origination and thus increased the lending to this sector where there was a huge vacuum.

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3 years ago

A company issues $100,000 face value, zero-coupon, 4-year U.S. corporate bonds on January 1, 20XO, when the market rate for simi

aivan3 [116]

Answer:

Amount = Maturity/(1+risk rate)⁴

Amount = $100,000/(1+0.12)⁴

Amount = $63,552 (Approx)

Interest payable = $63,552 x 0.12

Interest payable = $7,626 (Approx)

Interest payable (2nd period) = ($63,552+$7,626) x 0.12

Interest payable (2nd period) = $8,541 (Approx)

Explanation:

JOURNAL ENTRY

BOOKS OF (.....)

Date Account title Debit Credit

Cash a/c Dr $63,552

To Bonds payable a/c $63,552

1st-period

Bond Interest a/c Dr $7,626

To Bonds payable a/c $7,626

2nd-period

Bond Interest a/c Dr $8,541

To Bonds payable a/c $8,541

6 0

2 years ago