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
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
Consumed to fuel day to day expenditure
olga55 [171]

Energy Expenditure can be expressed as a gross or net term. The total amount of energy expended for a specific activity including the resting energy expenditure. Gross energy expenditure is typically used for between person comparisons. Hope it helps

5 0
3 years ago
Homer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annu
kotegsom [21]

Answer:

$165,000

Explanation:

The computation of the annual net cash flow is shown below:

But before that first we have to find the depreciation expense which is

= (Initial cost - Salvage Value) ÷  estimated life

= ($400,000 - $75,000) ÷ 5 years

= $65,000

Now the annual net cash flow is

= Depreciation expense + Net Income

= $65,000 + $100,000

= $165,000

We simply added the depreciation expense and the net income so that the annual net cash flow could come

4 0
3 years ago
Lin corporation has a single product whose selling price is $134 and whose variable expense is $67 per unit. the company's month
Rashid [163]

Answer:

600 units

Explanation:

The equation to calculate target profit is:  

S × Q = (V × Q) + F + T

  • S = sales price  
  • Q = Quantity of units
  • V = Variable expenses
  • F = Fixed expenses
  • T = Target profit

$134Q = $67Q + $32,300 + $7,900

$134Q - $67Q = $40,200

$67Q = $40,200

Q = $40,200 / $67 = 600

7 0
3 years ago
You need some money today and the only friend you have that has any is your ‘miserly' friend. He agrees to loan you the money yo
Bingel [31]

Answer:

B. The total interest = $4.35

Explanation:

The first question to answer, is  what is the present value of the annuity of the loan and then based on that the total interest can be calculated.

<h2>Present value of annuity= A x [(1-(1+r)-n)/r]*(1+r) </h2>

Where the A represents Annuity = or $20

The r represents the rate or 1.5%

and the n represents the number of periods which is 6 months

Calculating the value =

= 20 x [(1-1.015^-6)/0.015]*1.015

= 20 x [(1-0.91454219251)/0.015]*1.015

= 20*5.782644973

=$115.65

Now that the loan amount is known, the Total Interest can be calculated as follows

Total Interest= number of payments x monthly payments) - the loan amount (calculated above)

= 20 x 6 -115.65

= 120-115.65

The total interest = $4.35

8 0
3 years ago
Suppose Capital One is advertising a 60​-month, 5.04 % APR motorcycle loan. If you need to borrow $ 8 comma 100 to purchase your
zhuklara [117]

Answer:

$153.01

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e to be shown in the attachment

Given that,  

Present value = $8,100

Future value or Face value = $0

RATE =   60 months = 5 years × 12 months

NPER = 5.04% ÷ 12 months = 0.42%

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the monthly payment is $153.01

3 0
4 years ago
Other questions:
  • What groups are especially hard hit by poverty?
    12·1 answer
  • Glen is attempting to use operant conditioning to train his dog, Thor, to fetch a ball upon command. Once, when Thor goes to fet
    6·2 answers
  • Finore Manufacturing has the following amounts on its 12/31/14 balance sheet. Cash $150 Other current assets 397 Property, plant
    14·1 answer
  • Consider the production function Q = f(L,K) = 10KL / K+L. The marginal products of labor and capital for this function are given
    13·1 answer
  • Which of these businesses is in a partnership?
    10·1 answer
  • What were your consideration in selecting your costumer?
    11·2 answers
  • Tim, a single taxpayer, operates a business as a single-member LLC. In 2018, his LLC reports business income of $394,000 and bus
    14·1 answer
  • Your company has net sales revenue of $50 million during the year. At the beginning of the year, fixed assets are $22 million. A
    12·1 answer
  • What is a bond? in your own words. economics.​
    13·2 answers
  • Ivanhoe Inc., in its first year of operations, has the following differences between the book basis and tax basis of its assets
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!