if a taxpayer purchases land worth $200,000 with an office building valued at $100,000 on it, how are the two depreciated for tax purposes? land: office building:
Answers
Land is not a depreciable asset for tax purposes, meaning it cannot be written off over time. The office building, however, can be depreciated over its useful life, which is typically 39 years for commercial property. To calculate the depreciation expense for the building, the taxpayer would need to divide the building's value of $100,000 by 39 years, resulting in an annual depreciation expense of $2,564.
This expense can be deducted from the taxpayer's taxable income each year until the full cost of the building has been written off.
If a taxpayer purchases land worth $200,000 with an office building valued at $100,000 on it, the two are depreciated for tax purposes as follows:
Land: Land is not depreciable for tax purposes because it has an unlimited useful life and does not wear out, deplete, or become obsolete.
Office building: The office building can be depreciated over its useful life, which is typically 39 years for non-residential real property in the United States. The annual depreciation for the office building would be $100,000 divided by 39 years, resulting in an annual depreciation expense of approximately $2,564.
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Related Questions
The location and community analysis determines the key events predicted for the local community and immediate surrounding area during the planning period. True False
Answers
Answer:
True
Explanation:
I had this question on my test and got it right
Ariel spent a total of $3. 42 buying dried apricots from the bulk bins, which were on sale for $2. 85 per pound. To the nearest tenth of a pound, how many pounds of dried apricots did Ariel buy? 0. 8 0. 6 1. 2 6. 0.
Answers
A large scale study conducted over a one year period has shown that break-ins at home occur about 6% of the time in the population. the study also shows home security alarms went off 4% of the time when no one was breaking into the home. the security alarm failed to go off 3% of the time when someone was really breaking into the home. what is the probability that a home has been broken into and the alarm did not go off?
Answers
Answer:
0.0018
Explanation:
The computation of the probability in the case when the home is broken and the alarm did not go off is shown below:
= P(Broken into) × P(Alarm did not go off)
= 0.06 × 0.03
= 0.0018
By multiplying the broker into with the alarm did not go off so that the probability could come and the same is to be considered
1. what are some of the darker sides (in other words, costs) associated with globalization? how can business leaders make sure that the benefits of their various actions (such as outsourcing) outweigh their drawbacks (such as job losses in developed economies)?
Answers
Globalization can have a dark side when it results in the exploitation of resources, labor, and the environment.
Workers in developing economies may be vulnerable to exploitation by companies from developed countries who can offer cheaper costs of production. This can lead to job losses in developed economies, particularly in industries that rely on manual labor.
Business leaders can ensure the benefits of their actions outweigh the drawbacks by collaborating with local communities and workers to ensure fair wages and working conditions. They should also use measures such as corporate social responsibility and ethical sourcing to ensure that their practices are not exploiting the environment or workers. Additionally, businesses should ensure that jobs are created in the local economy and that any job losses in developed countries are offset with job gains elsewhere. By taking these steps, business leaders can ensure that the benefits of globalization outweigh the costs.
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When resources, labor, and the environment are exploited, globalization can have a negative impact.
Workers in developing nations may be vulnerable to exploitation by developed-nation companies that can offer lower production costs. In developed economies, this may result in job losses, particularly in sectors that depend on manual labor.By working with local communities and workers to ensure fair wages and working conditions, business leaders can make sure the advantages of their actions outweigh the disadvantages. To make sure that their practices are not exploiting the environment or workers, they should also use strategies like corporate social responsibility and ethical sourcing. Additionally, businesses should make sure that any job losses in the local economy are offset by job creation in the community.To know more about Globalization click below:
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fitb. in recent years commercial cmss have tended to place more emphaisis on content __________ than content management.
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In recent years commercial CMSs have tended to place more emphasis on content distribution than content management.
In recent years, commercial CMSs (Content Management Systems) have shown an inclination towards content distribution instead of content management. Content distribution is the process of spreading the content across various channels such as social media, websites, blogs, email newsletters, and more, to reach a wider audience and gain more attention. Content distribution refers to the process of disseminating content on various channels like social media, blogs, email newsletters, websites, etc. to gain a larger audience and garner more attention.
Content management, on the other hand, is the system that manages the creation, publishing, modification, and removal of digital content. A CMS (Content Management System) is software that helps in the management of digital content. It can be used for the management of various digital content like documents, images, videos, etc. CMS is essential for managing the lifecycle of digital content.
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1. Which of the following does the Occupational Safety and Health Administration (OSHA) require companies to do to help keep employees safe?
A. Hire safety hazard officers" to help protect employees
B. Call the police whenever an accident occurs
C. Train employees how
to respond when an accident occurs
D. Provide accident insurance in case employees get hurt while working
Answers
The Occupational Safety and Health Administration (OSHA) requires companies to train employees how to respond when an accident occurs in order to help keep employees safe.
Explain about the term OSHA?The Occupational Safety and Health Administration (OSHA) is a regulatory agency of the United States Department of Labor that is responsible for ensuring safe and healthy working conditions for employees in the workplace. OSHA was established in 1970, with the goal of reducing the number of workplace injuries, illnesses, and fatalities through the enforcement of workplace safety and health standards, as well as by providing education and outreach programs to employers and workers.
One of OSHA's primary functions is to establish and enforce workplace safety and health standards that employers are required to follow. These standards cover a wide range of topics, such as electrical safety, fall protection, hazardous materials, and personal protective equipment. Employers are required to identify and address workplace hazards, train employees on safe work practices, and maintain records of workplace injuries and illnesses.
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Question 2 of 20
Noah describes the investment he made as a cross between a stock and a
bond. It offers a high rate of return but is more stable than typical stocks.
This kind of investment is called a
O A. dividend stock
B. government bond
C. preferred stock
D. prospectus
Answers
Noah describes the investment he made as a cross between a stock and a bond. It offers a high rate of return but is more stable than typical stocks. This kind of investment is called a preferred stock. The correct option is c.
Preferred stocks are sometimes called hybrid securities. Preferred stocks are equity securities that share many characteristics with debt instruments. Preferred stock is attractive as it offers higher fixed-income payments than bonds with a lower investment per share. Preferred stock often has a callable feature that allows the issuing corporation to forcibly cancel the outstanding shares for cash.
Corporations that receive dividends on preferred stock can deduct 50% to 65% of the income from their corporate taxes.
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What is not a career cluster
Answers
Answer: A pathway?
Explanation: Pathways aren't career clusters because they branch off of career clusters. Examples of pathways include but aren't limited to interior designers, chefs, photographers, etc. Career clusters include Finance, Health Science, etc, and have many possible career options.
Hope this helps! :)
Match the types of goods with their characteristics regarding exclusivity and rivalry. The task is to match the lettered items with the correct numbered items. Appearing below is a list of lettered items. Following that is a list of numbered items. Each numbered item is followed by a drop-down. Select the letter in the drop down that best matches the numbered item with the lettered alternatives. a. It can be exclusive or not It can be rival or not b. It is exclusive It is rival c. It is nonexcusive It is nonrival 1. Semiprivate Goods and Services a 2. Private Goods and Services a 3. Public Goods and Services
Answers
Answer:
1. Excludability
2. Rivalry in Consumption
3. 4 Different Types of Goods
4. Private Goods
Explanation:
in the hvacr trade tubing is joined together by what?
Answers
Answer:
Copper tubing is joined using flare connection, compression connection, pressed connection, or solder. Copper offers a high level of corrosion resistance but is becoming very costly.
The following are true about US exports and exporters except for which statement?
O The majority of US companies export their products.
O US companies that export their goods or services grow faster.
O Exports, including services, accounted for almost $2 trillion in 2010.
O The export sector helps create and maintain job growth.Best answer to the right answer
Answers
Answer: D
Explanation:
Answer:
A, the majority of US companies export their products.
Explanation:
As it said in the lesson, "Less than one percent of America's 30 million companies export." Therefore, A cannot be true.
Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace. a. True b. False
Answers
IS TRUE ,Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace.
Does Title VII apply to religion?
Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on religion. This includes refusing to accommodate an employee's sincerely held religious beliefs or practices unless the accommodation would impose an undue hardship (more than a minimal burden on operation of the business)
Title VII also prohibits workplace or job segregation based on religion (including religious garb and grooming practices), such as assigning an employee to a non-customer contact position because of actual or feared customer preference.
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Selected transactions for Sophie’s Dog Care are as follows during the month of March. March 1 Paid monthly rent of $1,460. 3 Performed services for $170 on account. 5 Performed services for cash of $90. 8 Purchased equipment for $730. The company paid cash of $100 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid wages to employees of $640. 22 Paid utilities of $88. 24 Borrowed $1,830 from Grafton State Bank by signing a note. 27 Paid $270 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $2,200 for six months of insurance. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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Answer:
March 1
Dr Rent expense $1460
Cr Cash $1460
March 3
Dr Accounts receivable $170
Cr Service revenue $170
March 5
Dr Cash $90
Cr Service revenue $90
March 8
Dr Equipment $730
Dr Cash $100
Cr Accounts payable (730-100) $630
March 12
Dr Cash $170
Accounts receivable $170
March 14
Dr Salaries and wages expense $640
Cr Cash $640
March 22
Dr Utilities expense $88
Cr Cash $88
March 24
Dr Cash $1830
Cr Notes payable $1830
March 27
Dr Maintenance and repairs expense $270
Cr Cash $270
March 28 Accounts payable $630
Cash $630
March 30
Dr Prepaid insurance $2200
Cr Cash $2200
Explanation:
Preparation of Journal entries
March 1
Dr Rent expense $1460
Cr Cash $1460
(To record rent expense paid)
March 3
Dr Accounts receivable $170
Cr Service revenue $170
(To record services performed on account)
March 5
Dr Cash $90
Cr Service revenue $90
(To record services performed for cash)
March 8
Dr Equipment $730
Dr Cash $100
Cr Accounts payable (730-100) $630
(To record equipment purchased)
March 12
Dr Cash $170
Accounts receivable $170
(To record cash received from customers)
March 14
Dr Salaries and wages expense $640
Cr Cash $640
(To record wages paid to employees)
March 22
Dr Utilities expense $88
Cr Cash $88
(To record utilities expense paid)
March 24
Dr Cash $1830
Cr Notes payable $1830
(To record cash borrowed by signing a note)
March 27
Dr Maintenance and repairs expense $270
Cr Cash $270
(To record cash paid for repairs)
March 28 Accounts payable $630
Cash $630
(730-100)
(To record cash paid to accounts payable)
March 30
Dr Prepaid insurance $2200
Cr Cash $2200
(To record prepaid insurance paid)
The preferred method for situations involving strategic decision making, projects with a high degree of uncertainty, and projects with an unstable scope is the
Answers
The preferred method for situations involving strategic decision making, projects with a high degree of uncertainty, and projects with an unstable scope is the agile methodology. This methodology is based on flexibility, continuous improvement, and close collaboration between the project team and stakeholders.
Agile methodology emphasizes delivering value to customers through working software or product increments, rather than focusing on detailed plans and documentation. The project team works in short iterations or sprints, adapting to changing requirements and feedback from stakeholders. This approach allows for rapid response to changing market conditions or customer needs, making it ideal for strategic decision making. Agile methodology also allows for experimentation and learning, making it suitable for projects with a high degree of uncertainty.
The iterative approach allows the project team to test assumptions and validate ideas through feedback from customers, reducing the risk of failure. Finally, agile methodology accommodates projects with an unstable scope by allowing for changes in requirements throughout the project lifecycle. The project team can adapt to changing needs and priorities without disrupting the project's overall goals.
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Looking for $100,000 salary? see how much the biggest u. S. Companies pay workers.
Answers
It is a fact that about 25 top US companies pay their workers a medium average salary of more than $100,000 in 2021,
What is an average salary?This refers to the average amount of money that is earned by workers in a particular industry, economy, area,
In 2021, it is a well developed fact that about 25 top US companies pay their workers a medium average salary of more than $100,000 in 2021,
Therefore, the fact is a true statement.
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let just start ignoring celebrities and see what happens
Answers
Answer:
alr bet
Explanation:
which of the following statements about the statement of cash flows are correct? (check all that apply.)
Answers
The following statements about the statement of cash flows are correct.
It is a detailed disclosure of individual cash flows.The purpose is to report cash receipts and cash payments during a period.The correct options are A and C.
Why is separate disclosure of cash flow?
Separate disclosure of cash flows from investing activities is important because it represents the amount of money spent on resources that will generate future income and cash flows.
Cash flow is a measure of how much money a company brought in or spent over time. On the statement of cash flows, a common financial statement, cash flow is typically broken down into cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities.
Thus, the ideal selection is options A and C.
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Your Question seems incomplete most probably Your complete Question was:
Which of the following statements about the statement of cash flows is correct? (Check all that apply.) Check all that apply. It is a detailed disclosure of individual cash flows. In certain circumstances, it can replace the statement of retained earnings. The purpose is to report cash receipts and cash payments during a period.
which of the following is an offline example of earned media: d a. direct mail b. company blog c. online product reviews d. offline word-of-mouth
Answers
An offline example of earned media is d. offline word-of-mouth. This refers to the promotion of a brand or product through conversations and recommendations made by individuals in person, rather than through online channels.
Word-of-mouth can be a powerful tool in influencing consumer behaviour, as recommendations from friends, family, or colleagues are often perceived as more trustworthy than other forms of advertising. When it comes to earned media, it is important to note that it is different from paid or owned media. Paid media involves advertising through channels such as TV, radio, or social media ads, while owned media refers to content created and shared by a brand on its own platforms, such as a company blog or social media page.
Earned media, on the other hand, is the result of organic sharing and promotion by others, such as social media shares or offline word-of-mouth. This is a valuable way to increase brand awareness and reach new customers through the power of personal recommendations.
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Which action should a job seeker take prior to an interview?
A.
send a follow-up letter
B.
place a call to confirm the interview
C.
send an email asking job-related queries
D.
research the employer or company
E.
inform the employer about your references
Answers
Answer:
D. research the employer or company
Explanation:
A good and recommended way to prepare for a job interview is to research the company they want to join. Understanding as much as possible about the company gives one confidence in the interview room. Knowledge about its products and services helps answer questions and formulate the questions to ask.
One should also research what the company expects of them in their role. This information gives one an edge over the other candidates in the interview.
Answer: place a call to confirm the interview
Explanation:
I apologize if that’s wrong but I think that’s the right one
Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Answers
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
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Which of the following strategies is not an effective strategy to reduce monopoly inefficiency? a. antitrust laws b. price discrimination c. doing nothing d. breaking up a natural monopoly into more than one firm
Answers
The inefficiency of monopolies cannot be reduced through price discrimination.
Monopoly is a cooperative board game with an economics theme. Players travel around the game board by rolling two dice in order to purchase, trade, and develop real estate, including homes and hotels. Players try to bankrupt their competitors by collecting rent from them. Tax squares, Chance cards, and Community Chest cards are additional methods to win or lose money. Each time a player passes a "Go" signal, they are rewarded. They can also be detained and prevented from being released unless one of three requirements is satisfied. There are house rules, numerous spin-offs, countless editions, and connected media. With local licenses in more than 103 nations and printing in more than 37 languages, Monopoly has been ingrained in global popular culture.
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between p2 and p4, the firm will minimize its losses by producing and supplying the quantity at which:
Answers
The firm will minimize its losses by producing and supplying the quantity at which the marginal cost is equal to the marginal revenue.
This is known as the profit maximizing or loss minimizing quantity. The profit or loss of a firm is determined by the difference between total revenue and total cost. When the marginal cost is greater than the marginal revenue, it is beneficial for the firm to produce less of the good and vice versa.
At the point of intersection between P2 and P4, the marginal cost (MC) of production is equal to the marginal revenue (MR). When MC = MR, the total profit of the firm is at its maximum. In other words, the firm is maximizing its profit and minimizing its losses.
The firm can determine the quantity that maximizes profit by setting up the following equation:
Total Revenue (TR) = Total Cost (TC)
Marginal Revenue (MR) = Marginal Cost (MC)
To solve for the profit maximizing quantity, the firm can solve for the point where MC = MR. This is the quantity at which the firm will minimize its losses and maximize its profit.
In summary, the firm will minimize its losses and maximize its profit by producing and supplying the quantity at which the marginal cost is equal to the marginal revenue. This point of intersection between P2 and P4 is where the total revenue of the firm is equal to the total cost.
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A Bakery stocks daily five gourmet fancy fruit-topped cakes. All the cakes that are not sold during the day are thrown away, and the bakery restocks the next day with new cakes, bringing the in-stock level up to five at the beginning of each day. If daily demand is greater than the five cakes in stock the bakery loses sales. The special cake sells for $32 and costs the store $10. The probability distribution of daily demand for the cake is as shown below daily demand - 0, 1,2,3,4,5,6,7 Px - 0.01, 0.02, 0.04, 0.06, 0.20, 0.60, 0.05, 0.02
Answers
Answer:
The answer is "$1.98".
Explanation:
calculating the profit per cake \(= \$32 -\$10 =\$22\)
\(\text{if demand}=6 , \ lose =\$22 \\\\\text{if demand}= 7,\ lose = \$44\\\)
Calculating E(profit lost):
\(=\$22 \times 0.05+ \$44 \times 0.02\\\\ =\$ 1.1+\$ 8.8\\\\=\$ 1.98\)
In perfect competition, firms will be able to earn economic profits in: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the short run, only. b the long run, only. c the short and in the long runs. d neither the short or in the long runs.
Answers
In perfect competition, firms will be able to earn economic profits in the short run.
What is perfect competition?
A perfect competition is characterized by many buyers and sellers of homogenous goods and services.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
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What are some benefits and consequences to shared decision-making?
Answers
Answer:
Shared decision making has been shown to result in treatment plans that better reflect patients' goals; increase patient and physician satisfaction; improve patient-physician communication; have a positive effect on outcomes; and, sometimes reduce costs.
when will the irs start accepting tax returns in 2023
Answers
The IRS began accepting tax returns for the 2023 tax filing season on Monday, Jan. 23, 2023.
Tax season is the time to report, report and pay taxes due from last year. So, in the 2023 tax season, you will file your 2022 taxes.Income above the threshold is taxed in PAYE (Pay as you Earn) at the income tax rate applicable to your income level. The 2023/2024 tax year begins on 6 April 2023 and ends on 5 April 2024.
In 2023, we may see lower reimbursements," the IRS said in a November press release. “Taxpayers will not receive additional stimulus with tax refunds for 2023 due to the lack of economic impact payments for 2022.”
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beginning work-in-process is 6,400 units; 63,300 units completed, and ending work-in-process is 7,450 units, which are 100% complete for direct materials and 50% complete for conversion costs. the beginning wip inventory is 100% complete for direct materials and 50% complete for conversion.
Answers
The equivalent units of production for direct materials are 69,150, and for conversion costs are 65,925.The total equivalent units of production for direct materials are 69,150 (6,400 + 63,300), and for conversion costs, it is 65,925 (6,400 + 63,300 + 3,725).
Equivalent units of production are a measure used in process costing to account for partially completed units. In this scenario, we have three components to consider: beginning work-in-process (WIP), completed units, and ending WIP.
For direct materials, both the beginning WIP (6,400) and completed units (63,300) are fully processed, so they are counted as equivalent units.
For conversion costs, the beginning WIP (6,400) is 50% complete, so 50% of those units (3,200) are counted as equivalent units. The completed units (63,300) are fully processed. The ending WIP (7,450) is 50% complete, resulting in 3,725 equivalent units.
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A nation's relative ability to design, produce, distribute, or service products within an international trading context, while earning increasing returns on its resources, is known as
Answers
A nation's relative ability to design, produce, distribute, or service products within an international trading context, while earning increasing returns on its resources is known as its competitiveness.What is Competitiveness?Competitiveness refers to the capability of a nation to produce and supply products and services that fulfill the standards of international markets while generating increasing returns on its resources.
It incorporates numerous dimensions, including institutions, policies, and regulations, as well as the quality of human capital, infrastructure, and technological readiness.Competitiveness is typically analyzed in the context of international trade, where nations engage in the global division of labor. The more competitive a nation is, the more successful it will be in exporting goods and services, attracting foreign direct investment, and generating sustainable economic growth.
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An applicants medical information receives from the medical informatuon bureau may be furnished to who?
Answers
is matthew mark luke and john jewish
Answers
Mark and John were jewish but luke was greek