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stepan [7]
3 years ago
11

Your client Joseph has a commercial income-producing property. How long does he depreciate this property?

Business
1 answer:
klasskru [66]3 years ago
4 0

Answer:

Except for land, the commercial property is usually depreciated over a period of 35-50 years. In the US, commercial properties are depreciated over a period of 39 years as dictated by US Tax Code.

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A sole proprietor in the 37% tax bracket pays her 16-year-old son a reasonable salary of $14,000 for services performed for the
Daniel [21]

Answer: $5020

Explanation:

The family's income tax savings if the son has no other income and takes a $12,400 standard deduction will be calculated as:

Explanation:

Tax savings from deduction = ($14,000 × 37%) = $5180

Less: Tax on child's taxable income = 10% × ($14,000 - $12,400) = 10% × $1600 = $160

Family's income tax savings = $5180 - $160 = $5020

3 0
3 years ago
​When Mia and Shane are planning their honeymoon, their travel agent tells them that if they buy a special package, their trip t
nignag [31]

Answer:

bundle pricing

Explanation:

Bundle pricing

Bundle pricing is a marketing strategy in which company want to sell their products and services in  price lower than they actually charge. The reason behind inducing bundle pricing is to allow customer  to have more services and products by giving them discount.

In other words bundle pricing is mean to offer heavy discount in order to make huge profit by selling their products in large number.

8 0
3 years ago
_____ includes banking and short- and long-term financing, investments, and cash management.
Ratling [72]

Controllership includes banking and short- and long-term financing, investments, and cash management.

<h3>What is Controllership?</h3>

The position of the controller, the position in charge, and the position in command are the definitions of controllership. An example of a person who holds the controllership responsibilities in a corporation is the person in charge of accounting and auditing.

The top accountant for a business or organization. The controller is in charge of both managerial and financial accounting and is the leader of the accounting division. He or she assists management in interpreting accounting data and taking the right action. Comptroller is another name for a controller.

Providing financial data for managers' and shareholders' reports as well as managing the overall operations of the accounting system are both responsibilities of the controllership.

Therefore, the correct answer is option C) Controllership.

The complete question is:

________ includes providing financial information for reports to managers and shareholders and overseeing the overall operations of the accounting system.

A) Internal audit

B) External audit

C) Controllership

D) Treasury

To learn more about Controllership refer to:

brainly.com/question/21305473

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8 0
1 year ago
Assume that during 2017, Cypress Semiconductor Corporation reported net cash provided by operating activities of $155,793,000, n
xenn [34]

Answer:

Free cash flow will be equal to $18513000

Explanation:

We have given cash provided for operating activities = $155793000

Capital expenditure = $132280000

Dividend paid = $5000000

We have to find the free cash flow

We know that free cash flow is given by

Free cash flow = cash provided for operating activities - capital expenditure - dividend paid = $155793000-$132280000-$5000000 = $18513000

6 0
4 years ago
shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease on december
Nonamiya [84]

shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease

<h3>What is lease?</h3>

A lease is a contract that requires the user to pay the owner for the use of an asset. Property, buildings, and vehicles are examples of leased assets. Leasing is also used for industrial or commercial equipment. A lease agreement is essentially a contract between two parties: the lessor and the lessee.

The primary distinction between a lease and a rent agreement is the length of time they cover. A rental agreement is typically for a short period of time (usually 30 days), whereas a lease contract is for a longer period of time (usually 12 months, though 6 and 18-month contracts are also common).

Finance leasing, operating leasing, and contract hire are the three main types of leasing.

To know more about lease follow the link:

brainly.com/question/24460932

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4 0
1 year ago
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