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Alona [7]
3 years ago
15

In august 2016, richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. th

e amount of depreciation richard may claim in 2016 is __________.
Business
1 answer:
frutty [35]3 years ago
8 0
I think the depreciation will be charged only on the value of the house so that would be $753000-134000=$619000 since the land wouldn't depreciate. The actual amount of depreciation I don't know, just that it will be based on this value of the building on the land.
You might be interested in
Radner Shipping purchased a truck and a trailer for $90,000. An appraisal has set the fair market values of the truck and the tr
Monica [59]

Answer:

Truck $54,000

Explanation:

Basket purchase price of assets is always pro rated in ratio of their fair values

=90,000*(60,000/100,000

=54,000

Truck=$54,000

Trailer=90,000-54,000=$36,000

3 0
3 years ago
Dogz reports total revenue of $47,561, cost of goods sold of $32,856 and net receivables of $19,595. Their property, plant and e
natima [27]

Answer: ART

Explanation:

Account receivable turnover(ART) = Sales revenue/Average Account Receivable

= $47,561/$19,595

= 2.427

Inventory Turnover(INVT) = Cost of sales/Inventory

= $32856/$16240

= 2.023

Property Plant and Equipment Turnover(PPET) = Sales/Property Plant and Equipment

= $47561/$19813

= 2.400

Therefore, the ratio that is highest is the account receivable turnover

8 0
3 years ago
You invest $650 in security A with a beta of 1.2 and $450 in security B with a beta of 0.7. The beta of this portfolio is ______
e-lub [12.9K]

Answer:

Beta of this portfolio = 0.9953

Explanation:

Given:

Investment in security A = $650 beta 1.2

Investment in security B = $450 beta 0.7

Find:

Beta of this portfolio

Computation:

Beta of this portfolio = [650 / (650+450)]1.2 + [450 / (650+450)]0.7

Beta of this portfolio = [650 / (1,100)]1.2 + [450 / (1,100)]0.7

Beta of this portfolio = 0.7090 + 0.2863

Beta of this portfolio = 0.9953

6 0
3 years ago
Catalina and Christian share a work station on the assembly line. Catalina works the morning shift and Christian works the after
Alex777 [14]

Answer:

<em>C. biological</em>

Explanation:

From the following OPTION the best OPTION which explains the scenario in the question is OPTION (C).

Because biological design is a design which is designed naturally that can be adjusted and used efficiently.

Here we can see in the scenario that in the workstation, the heights of both Christian and Catalina is been adjusted and used efficiently. Christian and Catalina’s jobs have a<em> </em><em><u>biological</u></em><em> </em>design.

6 0
3 years ago
Martin Aerospace is currently operating at full capacity based on its current level of assets. Sales are expected to increase by
zhuklara [117]

Answer:

A. Total assets will increase at the same rate as sales.

Explanation:

<em>Option E</em> is wrong because dividends will not increase at the same rate; therefore, retained earnings will not increase at the same rate as sales.

<em>Option D</em> is incorrect because sales are increasing, which leads to a different profit margin.

As sales increases to a specific percent, owners' equity will not remain constant. So, <em>option C</em> is wrong.

<em>Option B</em> is wrong because long-term debt will not change.

Option A is correct because if sales are credit sales; therefore, total assets will increase at the same rate as sales.

7 0
3 years ago
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