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The Smiths decided to convert Ron's home into a furnished rental house. After several minor repairs (touching up the paint, replacing screens, pressure-washing), the property was advertised for rent in the classified section of the local newspaper on March 1, 2011. The repairs cost $720 and the newspaper ad was $360. Based on reconstructed records and appraisal estimates, information about the property is as follows:
Original Cost
FMV 1/8/11
House
$40,000
$220,000
Land
10,000
50,000
Furniture and Appliances
21,000
14,000
Ron's former residence was rented almost immediately, with occupancy commencing April 1, 2011, under the following terms: one-year lease; $2,400 per month; first and last month's rent in advance; $2,000 damage deposit; and lawn care, but not utilities, included. The tenant complied with all terms except that the December rent payment was not made until January 1, 2012. Expenses in connection with the property were as follows: Property taxes, $2,600; repairs $320; lawn maintenance $540; insurance, $1,800 and street paving assessment $2,100. The property is located at 549 Columbus Street, Stafford, VA 22554.
I'm having a hard time with this, can you please help? I know the dates are imparative also in finding the solution. Stevens purchased an auto on Jan 1, 2001. On December 31, 2003
Estimate the Growth rate of stock Data stock price = 53 rate of return= 12% expected dividend = 3.15 Formula : Expected return = (dividend paid + capital
An investment alternative in a project requires a capital cost of $102 millions completed at time zero. The investment will produce a stream of revenue of $50 millions per year ove
Shortflower Ltd currently publishes, prints and distributes a range of catalogues and instruction manuals. The management has now decided to discontinue printing and distribution a
how does idle capacity effect cost behavior patterns and factory overhead application methods
why is determining the cost to manufacture a product quite a different activity from determining how to control such cost?
Assume that a primary care physician practice performs only physical examinations. However, there are three levels of examinations I, II, III - that vary in depth and complexity.
equity ratio?
What is idle time for Fast Moving,Slow Moving,Non Moving, and Dead Stock??? Thanks in Advance. Santosh K Jha
give informatiom
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