You have purchased a 6-unit apartment house for $1,000,000. Your capitalized closing costs are $10,000. The appraisal shows the land is valued at $400,000 and the improvements are valued at $600,000. What is your first-year depreciation, assuming you own it for the entire year. please show your calculations.
Answers
To calculate the first-year depreciation for the apartment house, we need to determine the depreciable basis of the property. The depreciable basis is the cost of the property minus the value of the land.
Given:
Purchase price of the apartment house = $1,000,000
Capitalized closing costs = $10,000
Appraisal value of land = $400,000
Depreciable basis = (Purchase price + Capitalized closing costs) - Appraisal value of land
Depreciable basis = ($1,000,000 + $10,000) - $400,000
Depreciable basis = $610,000
Now, we can calculate the first-year depreciation using the appropriate depreciation method. Let's assume we use the straight-line depreciation method, which spreads the depreciation evenly over the useful life of the property.
Assuming a useful life of 27.5 years for residential rental property, the annual depreciation rate is calculated as:
Annual depreciation rate = 1 / Useful life
Annual depreciation rate = 1 / 27.5
Annual depreciation rate = 0.0363636 (rounded to six decimal places)
First-year depreciation = Depreciable basis * Annual depreciation rate
First-year depreciation = $610,000 * 0.0363636
First-year depreciation = $22,181.82 (rounded to the nearest dollar)
Therefore, the first-year depreciation for the apartment house is approximately $22,182.
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Related Questions
the manager at creative minds inc. is distressed that employee absenteeism increased by 16% in the past year. how would you recommend the manager respond to this inside force?
Answers
I will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.
Today, the artificial intelligence is a modern technology which performs the function of employees more efficiently and effectively.
The artificial intelligence such as software package that perform a work process automatically does not makes mistakes and does not appear absent as place of work.
Therefore, i will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.
The option includes "a. Evaluate the HR practices to ensure they are generating the behaviors needed to accomplish strategic goals. b. Identify the frequently absent employees, and replace them with artificial intelligence c. Remind employees about how Creative Minds is genuinely connected to supporting youth art programs. d. Demonstrate how the firm is committed to simultaneously tackling global social issues and maximizing shareholder wealth."
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Answer:
Identify the frequently absent employees, and replace them with artificial intelligence.
Explanation:
both the marketing division and the corporate communications department of value homes, a real estate company, claim responsibility for developing corporate marketing strategies. which of the following could be a potential source of conflict between the two divisions?
Answers
Negotiators use objective standards—a just, impartial standard—to resolve disagreements when engaging in principled negotiation.
Why is principle negotiation important?A negotiation can be won by using principled negotiating to take advantage of your opponent's principles. Integrative negotiation, which involves identifying interests where the parties have divergent preferences and weighing them against one another, is a strategy that frequently helps the parties come to a better agreement.Building trusting, long-lasting connections and being willing to learn about the other party's business is the main focus of ethical negotiation. This means that you must be aware of all the many commercial and personal concerns that could influence the outcome.One of the most effective strategies for dispute resolution is principled negotiating. The goal then shifts to identifying shared interests that can open up opportunities for mutual advantage if the parties can build a positive relationship.To Learn more About principled negotiation refer to:
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hey hows everyone i need help with this
Answers
Answer:
thank you for the points..have a good day
Which occupations are expected to earn between $55,000 and $74,999? Select three options.
Postsecondary Teachers
Carpenters
Dental Hygienists
Firefighters
Childcare Workers
Librarians
Answers
Answer:
postsecondary teachers , dental hygienist , librarians
Explanation:
ed class test
What time does your tax refund get direct deposited?.
Answers
The specific timing of tax refund direct deposits can vary depending on various factors, such as the country you reside in, the tax authority's processing time, the accuracy of your tax return, and the chosen method of receiving your refund.
In many countries, including the United States, tax refund processing times can range from a few days to several weeks. The exact time for the direct deposit of your tax refund will depend on when you filed your tax return, how you filed it (e-filed or paper return), and how quickly the tax authority processes and approves your refund.
To get the most accurate and up-to-date information about the timing of your tax refund, it is best to consult the tax authority's official website or contact their customer service. They will be able to provide specific details regarding the expected timeline for processing tax refunds and the estimated date of direct deposit.
It's important to note that individual circumstances can vary, and it's always a good idea to keep track of your tax return status and any updates provided by the tax authority to stay informed about the timing of your tax refund.
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Tim received a letter from his state college stating that he had been expelled from the school. The letter stated his finance professor reported him to the Dean's office for cheating and that a committee had decided to expel him. He was reminded in the letter he had been disciplined earlier that same year for plagiarizing a term paper. Tim believes his due process rights have been violated by the college. Discuss what factors should be considered to determine the validity of Tim's claim?
Answers
Answer: He should make an appeal of not given a notice and the neutral fault finding should be introduced
Explanation:
They are something's that Time has to consider to challenge the expulsion already prepared for him. He should make an appeal to a court or a higher authority for a reversal of the decision while doing this he should let the court know that he wasn't notified earlier about schools decision and that a neutral fault finder process should be introduced to investigate the whole scenario.
If the supply of a product decreases, then we would expect equilibrium price.
Answers
If the supply of a good changes such that it decreases, we can expect the equilibrium price to increase.
What happens when supply decreases?When supply decreases relative to demand, the good will become more scarce because the supply available will not match the demand as well.
The equilibrium price will therefore go up to reflect this relative scarcity and to assign the goods to those who can afford to pay higher to get it.
In conclusion, the equilibrium price will increase.
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Which of these people is most likely a freelancer?
a.Zoey, who writes and films video ads for small towns tourism agencies
b.Zane, who works part-time at a fast food restaurant
c. Carson, who builds birdhouses from scratch and sells them at craft shows
d. Carey, who does purchasing for a university bookstore and student union
Answers
Answer:
D and ignore this just random stuff aishdbsskw
according to the book, the advertising technique that associates a product with simplicity and stresses how it will fit into the lives of every day people is known as the:
Answers
According to the book, the advertising technique that associates a product with simplicity and stresses how it will fit into the lives of everyday people is known as the "plain folks" technique.
When to use this technique?
This technique is often used to create a relatable image for a product and to make it seem more accessible to the average consumer. By using ordinary people and settings in advertisements, companies can appeal to the emotions of potential buyers and create a sense of trust and familiarity with the product.
The plain folks technique is commonly used in advertising for household items, food products, and personal care products.
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Year What is the covariance of returns between slocks A and B? Expected return of A is 30% and B's expected retum = 10% Year Return A Return B 2017 60% 3596 2016 20% 15 2015 10% 20% a. 0
b. 0.0433 c. 0.0733 d. 0.03 e. None of the listed items is correct
Answers
The covariance of returns between stocks A and B is 0.0733. (C)
To calculate the covariance, follow these steps:
1. Find the mean of each stock's returns: Mean_A = (60% + 20% + 10%) / 3 = 30%; Mean_B = (35% + 15% + 20%) / 3 = 23.33%.
2. Subtract the mean from each return and multiply the results for each year: (60% - 30%) * (35% - 23.33%) = 0.3 * 0.1167 = 0.03501; (20% - 30%) * (15% - 23.33%) = -0.1 * -0.0833 = 0.00833; (10% - 30%) * (20% - 23.33%) = -0.2 * -0.0333 = 0.00667.
3. Add the products from step 2: 0.03501 + 0.00833 + 0.00667 = 0.05001.
4. Divide the sum by the number of years minus 1: 0.05001 / (3 - 1) = 0.0733.
Therefore, the covariance of returns between stocks A and B is 0.0733 (option C).
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Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan. 1. He will fill out the FAFSA form and send it in immediately. 2. He will ask his parents if they have a college savings account. 3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships. 4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships. 5. Upon graduation, he will start saving money for college. Which statements identify errors in Jaiden’s plan? Check all that apply. He should wait until his last year in high school to fill out the FAFSA. He should start saving right away. It is never too early to start a savings account. He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break. He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them. While in high school, he should quit all extracurricular activities so he can work more hours and save money. He should ask all his friends and neighbors to contribute to his college fund so it will grow faster.
Answers
Answer:
-He should wait until his last year in high school to fill out the FAFSA.
-He should start saving right away. It is never too early to start a savings account.
-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
Explanation:
Answer:
1
4
5
I did the test and pretty sure i got it correct
how does inflation and deflation affect economic growth
Answers
Answer:
Inflation affects growth by changing the labor supply and demand, and thus reducing aggregate employment in the sector that is subject to increasing returns. The reduction in the level of employment will reduce the marginal productivity of capital.
If deflation is exacerbated, it can throw an economy into a deflationary spiral. This happens when price decreases lead to lower production levels, which, in turn, leads to lower wages, which leads to lower demand by businesses and consumers, which lead to further decreases in prices.
When the allowance method of recognizing bad debt expense is used, the entries at the time of collection of an account previously written off would?a.) Increase net incomeb.) Decrease total current liabilitiesc.) Have no effect on total current assetsd.) Increase working capital
Answers
When the allowance method of recognizing bad debt expense is used, it will have no effect on total current assets
The allowance method creates a reserve account known as the allowance for doubtful accounts and estimates the bad debt charge at the end of the fiscal year. The provision for doubtful accounts, as suggested by its name, provides a forecast of receivables that are "doubtful" to be paid.
The allowance approach uses adjusting entries to write off specific customer accounts that have been determined to be uncollectable and estimates the "bad debt" charge near the conclusion of a quarter. Because it lowers the value of an asset in this case, the accounts receivable allowance for dubious accounts is referred to as a contra asset. The allowance, also known as a bad debt reserve, is management's projection of the number of accounts receivable that customers will not pay.
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In general, how would you describe the U.S. Economy to someone else?
Answers
The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.
supervisory management is most often responsible for tasks related to what type of organizational planning effort?
Answers
Supervisory management is most often responsible for tasks related to operational planning.
A team or department put a strategic plan into action generates operational planning as a byproduct. It is a process that looks to the future and lays out departmental goals, resources, and budgets to support the success of team-based initiatives created to help the strategic plan. Supervisory planning with a morale-focused approach takes into account the talents and interests of the workforce and customises plans to suit both business objectives and personnel objectives. This method also recognises and honours the commitment and efforts of employees. Operational supervision is the method of monitoring the regular operations of a department or facility and regulating the productivity of its staff. This procedure entails ensuring that each team within a department has the materials and resources they require to create the services or goods the organisation offers.
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Describe how the language and the culture you grew up with, play a role in your communication styles?
Answers
An example of a risky short term investment strategy is
Answers
Answer:
stocks are unpredictable and can be considered a risky short term investment, but if it goes well it will be considered a good risky investment strategy
Explanation:
What role does product/service management play in marketing?.
Answers
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
The principal function of the foreign exchange market is the transfer of funds, thus purchasing power, from one nation and currency to another. true or false?
If it takes 116.57 yen to buy one dollar, it takes $.0085785 to buy one yen. true or false?
Purchasing-power parity theory postulates that the change in the exchange rate between two currencies is proportional to the change in the ratio in the two countries' general price levels. true or false?
Answers
The principal function of the foreign exchange market is the transfer of funds, thus purchasing power, from one nation and currency to another is TRUE.
The foreign exchange market is a decentralized market for trading currencies. It is the largest and most liquid market in the world, with an average daily trading volume of around $5 trillion. Its principal function is the transfer of funds, thus purchasing power, from one nation and currency to another.
The foreign exchange market determines the exchange rate between currencies, which is the price of one currency in terms of another currency.If it takes 116.57 yen to buy one dollar, it takes $.0085785 to buy one yen is TRUE. To determine the cost of a product in a foreign currency, the exchange rate between the currencies of the two countries must be established. The exchange rate is the cost of one currency in terms of another currency. If the exchange rate is 116.57 Japanese yen per dollar, then one yen is equal to $.0085785 (1/116.57).Purchasing-power parity theory postulates that the change in the exchange rate between two currencies is proportional to the change in the ratio in the two countries' general price levels is TRUE. The purchasing-power parity theory is a theory that postulates that the exchange rate between two currencies should be equal to the ratio of their relative price levels.Know more about the foreign exchange market
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A company produces 10 items, charges $45 per item. When it produces 20 items, it charges $40 per item. Cost to produce 10 items is $450, cost to produce 20 items is $650. What is the price, cost, revenue, profit functions. What is the break-even points, max profit and items to produce to get max profit.
Answers
Answer:
a. The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
b. Break-even point = Total Revenue = Total Cost
= $450 = $450
break-even point in units = 10 items
c. Maximum profit = $150
Items to produce to get max profit = 20 items
Explanation:
a) Data and Calculations:
Sales Revenue for 10 items = $450 ($45 * 10)
Cost of sales for 10 items = $450
Sales Revenue for 20 items = $800 ($40 * 20)
Cost of sales for 20 items = $650
The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
For 10 items, function yields = {($45 * 10) - $450} = 0
For 20 items, function yields = {($40 * 20) - $650} = $150
Which examples demonstrate common qualifications for Security and Protective Services careers? Check all that apply.
Brooke negotiates with the prison inmates she supervises.
Ami is comfortable working alone and making decisions in her work as a Private Detective.
Reed thinks of creative solutions for defending a client in court.
Vincenzo attends college for many years and earns a juris doctor degree.
Shameka watches for unusual activities and signs of danger as she guards a bank building.
Teddy is a Lifeguard who uses his strength to pull a person out of the water.
Answers
Answer:
2,5,6
Explanation:
Ami,shameka,teddy
Answer:
2,5,6
Explanation:
Drag the tiles to the correct boxes to complete the pairs.
Match the branches of study term to the examples.
Science
Engineering
Technology
Mathematics
Wi-Fi
sodium reacts with chlorine
to form sodium chloride
traffic signal design
determine the percentage
loss in sales of a product
Answers
Answer:
I. Science.
II. Engineering.
III. Mathematics.
Explanation:
Environmental science can be defined as an interdisciplinary field of science that comprises of chemistry, economics, engineering, zoology, geography, geology, biology, ecology, physics, etc., used for the study and understanding of various environmental factors, issues in relation to human life.
Some of the branches of study term matched to their respective example include the following;
I. Science: sodium reacts with chlorine to form sodium chloride. Science can be defined as a branch of intellectual and practical study which systematically observe a body of fact in relation to the structure and behavior of non-living and living organisms (animals, plants and humans) in the natural world through experiments.
II. Engineering: traffic signal design. Engineers are saddled with the responsibility of designing and developing end user (customers) physical tools or equipments, which are used for a specific purpose.
III. Mathematics: determine the percentage loss in sales of a product. This branch of study deals with solving for unknown variables or quantities in a mathematical expression.
Answer:
WI-Fi -Technology
sodium reacts with chlorine
to form sodium chloride-----------Science
traffic signal design------------------Engineering
determine the percentage
loss in sales of a product---------------Mathematics
Explanation:
Which of the following is a section found in most business plans?
A. Crowdfunding
B. Bank account information
C. Legal requirements
D. Target market
Answers
Answer:
D. Target market
Explanation:
Enjoy the response
Out of the choices provided above, the legal requirements and target market are the sections generally found in most of the business plans. Therefore, the options C and D hold true.
What is the significance of a business plan?A business plan can be referred to or considered as a plan that is a part of the functions of management of the business process throughout their entirety of operations. Planning is the first and foremost step in business operation.
A business plan includes the key elements that revolve around the operations to be carried out by a business organization. The legal requirements and target market are taken into consideration while making a business plan.
Therefore, the options C and D hold true and state regarding the significance of business plan.
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How is private public partnership structured ???
Answers
Why is price important to a company?
A.
It covers their costs.
B.
It is a part of the marketing mix.
C.
It makes customers purchase their products.
D.
It brings the company profits and decides its ability to survive in the market.
Answers
Answer:
B. It is a part of the marketing mix.
Explanation:
Price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price is important to a company because it is a part of the marketing mix.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Price is generally considered to be a variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.
how can you solve circle geometry in a simple way
Answers
Answer: by using the formula A=pi(3.14) R(radius) squared
Explanation:
Hope that helped
The area is equal to pi multiplied by the square of the radius: a=π⋅r2.
The perimeter of a circle (called the circumference) is equal to pi times the diameter: C=π⋅d.
Which document determines the number of shares in a company?
a stock prospectus
an annual bill of rights
a corporate charter
an annual report
Answers
Answer:
C. a corporate charter
A Corporate Charter is document determines the number of shares in a company.
What is Corporate Charter?
Corporate charter is a legal document which is issued with the Secretary of State or registrar in order to establish a company as a corporation and contain every detailed information about company's share. The corporate charter contain information about governance, structure, objectives, operation, other information about the company and information about that total company shares and how much the company is willing to sell.
Therefore, A Corporate Charter is document determines the number of shares in a company
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which type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents?
Answers
A Peer-to-peer type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents.
In the field of computers and technology, a peer-to-peer network can be described as a kind of network made among two or more computers by which they can share files and use hardware devices without having to use a separate server.
A business that has three employees that need to use the same files and documents should use a peer-to-peer network as it is the most reliable one to share files and use the same hardware.
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HELP! i need help with this brochure project for economics and personal finance. its about Understanding Checking and Debit Accounts can someone please give me the information or something for it or if u have already done it can you please give it to me.
the document has all the information.
Answers
Answer:
PLEASE DO YOU HAVE IT NOW I NEED IT ASAPP
Explanation:
please I need to graduate
Susan would like to work on a class project alone, but her teacher asked the class to work in groups. How will Susan benefit from working with a team?
Independence
Increased creativity
Easy class credit
Easy decision making
Answers
Answer:
Easy decision making
Explanation:
Independence would not be it because Susan is in a group and the other two wouldn't be true because easy class credit would mean letting the rest of the group do the work, and increased creativity wouldn't be it because there would be other part of the group would be doing that two.