Property is non-residential real property

Assignment Help Business Economics
Reference no: EM13892139

You purchased a commercial building and lot for $400,000 on April 15th of 2010. The lot itself was valued at $80,000 when purchased. You sold the lot and building on September 15th of 2015. Use MACRS depreciation and note this property is non-residential real property.

What are your allowable tax depreciation amounts for all years from 2010 to 2015?

2010:____________

2011:____________

2012:____________

2013:____________

2014:____________

2015:____________

Reference no: EM13892139

Questions Cloud

Write main functions to test and debug function : Write main() functions to test and debug each function, using gets() and puts() for string input and output as follows: To demonstrate strlen(), input your first name using gets() and use printf to print the string followed by the number of character..
Consider the utility of wealth function : Consider the following utility of wealth function: U(W) = 25*W0.3 You currently have $10,000. There is an 8% chance that you get sick, in which case you lose half of your wealth ($5,000). What is your expected wealth? What is your expected utility?
What ways could sherman have changed the interview : A small group of dockworkers in California, working for Topside Industries, an international shipping company, was being investigated concerning its involvement in a theft. The theft itself was a rather simple operation. The chapter identifies some o..
Internalized by the student in the form of higher wages : Suppose that an MBA degree creates no externality because the benefits of an MBA are internalized by the student in the form of higher wages. If the government offers subsidies for MBAs, then which of the following statements is correct?
Property is non-residential real property : You purchased a commercial building and lot for $400,000 on April 15th of 2010. The lot itself was valued at $80,000 when purchased. You sold the lot and building on September 15th of 2015. Use MACRS depreciation and note this property is non-residen..
Elasticity of demand for copying and binding services : How might your elasticity of demand for copying and binding services vary if your work presentation is next week versus in two hours?
Stock market crash end up collapsing the whole economy : How did speculation contribute to the stock market crash of 1929? Cite two examples of speculation at the time. Given that only 10% of households held any stocks, how did the stock market crash end up collapsing the whole economy? Name and explain tw..
What is your monthly payment : Suppose you are considering the purchase of a 2011 Ford Explorer. The car costs $22,000 and you plan to make a $2,000 down payment. For a 48 month lease, the APR is 4.9%. What is your monthly payment? What happens to your answer if you extend the loa..
Stafford loan has an annual interest rate : Suppose that you owe $10,000 when you graduate from college. Your Federal Stafford loan has an annual interest rate of 4.5%. If you want to pay back the entirety of your loan in ten years, what would be your total payment per month?

Reviews

Write a Review

Business Economics Questions & Answers

  Difference between the index number

What is the difference between the index number for the year you were born and the Consumer Price Index for January of 2012.

  Efficient levels of information in an organization

Propose how it can conclude the efficient levels of information in an organization to justify taking risk over uncertainty.

  After-tax cash flows for equipment used for research

The Pukie-Duke Company asked you to determine some of the after-tax cash flows for equipment used for research and development that is being considered. Pukie-Duke has found a company that will make them a $200,000 loan for the equipment at 10% and 4..

  State and federal taxes what effective marginal rate

Jimmy's Clothing Store headquarters are in California whose corporate tax rate is 8.23% regardless of earnings. . The corporation expects its revenue in 2015 to be about $8,597,877. Base you answer on assuming that number wil be correct. Considering ..

  What are the positive and negative aspects of budget deficit

What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.

  Calculate the individuas share of income tax

There have been some discussions about the possibility of IRS applying only a flat tax rate in the future to every individual's income in order to calculate the individual's share of income tax.

  Prepare the entry for dividend declaration

Bell company has stock outstanding as follows, $10 par per share, 140000 shares, preferred 5%, 100 par per share, 8000 shares.

  Use accommodating monetary policy

If the central bank (Federal Reserve in case of USA) does not use accommodating monetary policy, a fiscal stimulus is likely to increase interest rates, which in turn will cause planned investment to decrease. What is this sequence of events called?

  Life cycle model-draw the inter temporal budget constraint

Draw the inter temporal budget constraint. Be sure to label the axes, endowment point and the absolute value of the slope. Suppose that the individual’s interest income is taxed at 25% in both periods, and that interest payments are deductible at 25%..

  Who has ignored the rulings and why

increase because the total amount of human capital in the country will increase as the new owners learn how to farm.

  Suppose that a consumers demand for a product

Suppose that a consumer’s demand for a product is given by P = 80 – 2Q. A monopolist produces the product at constant marginal cost, where MC = $6. The firm has no fixed costs. Suppose the monopolist sets a two-part tariff for the good where the cons..

  How many more units of this product will free market produce

Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd