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abruzzese [7]
1 year ago
15

Donald owns a two-family home. He rents out the first floor and resides on the second floor. The following expenses attributable

to the total building were incurred by Donald for the year ended December 31, 2016. Real estate taxes $1,800 Mortgage interest $1,200 Utilities $1,000 Repairs (first floor) $ 300 Painting (second floor) $ 400 In addition, the depreciation attributable to the entire building would be $2,000. What is the total amount of the expenses that Donald can deduct on Schedule E of Form 1040 (before any limitations)? Group of answer choices $3,300 $3,350 $4,000 $5,300 None of the above
Business
1 answer:
ElenaW [278]1 year ago
3 0

Answer:

900 real estate taxes

600 mortgage interest

500 utilities

300 repairs

0 painting

1000 depreciation

= 3300

Answer: $3,300

Explanation:

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Listen to the NPR news piece about Rachel Carson, the author of A Fable for Tomorrow. You will note that the radio article menti
gavmur [86]

Answer:

Check the explanation

Explanation:

Rachel Carson received numerous attacks by agricultural and chemical industries due to the book she wrote called -Silent Spring', where she explained the repercussions to the atmosphere and that of human health in the using pesticides.

She has been tagged as a radical and unqualified scientist whose knowledge about science is limited. She was also accused of wanting to protect the lives of all the insects that spread diseases in humans and plants.

However, if we read concerning whom Rachel Carson was and what she stood for, we’ll notice that the arguments in various quarters are completely misguided.

She was an exceptional scientist and a writer on science topics, she investigated and cautioned on how the chemicals that government spread in the farms to kill pathogens insects, are also dangerous to all living things including humans.

Some of the chemical industry representatives even in this present time still do not concur with her; they are only concerned how to produce and sell more chemicals and they don’t even worry about their environmental consequences and damage. This is reason they prefer to berate her work and researches.

4 0
1 year ago
Cheap Motorcycle. Tony, a hateful, disgruntled business law professor, notices that Peter, a student who is past the age of majo
Yuki888 [10]

Answer:

C) Illusory

Explanation:

More than an illusory contract (which means an unreasonable and non-enforceable contract), this is an unconscionable contract that no court would enforce.

This contract is so one sided that it damages the other party. The duties in clued in this contact are not enforceable because no person should be forced to do all those things just because the other party has more bargaining power.

Out of the 5 possible options the illusory contract is the only possible choice. Illusory contracts are also non-enforceable since only one side provides real consideration.

7 0
1 year ago
Which of the following is a nonmanufacturing business where process costing would most likely be used? An auto body shop. A furn
solmaris [256]

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

  • All are non-manufacturing business which are as follows,
  • An auto body shop.
  • A furniture repair shop.
  • A laboratory that tests water samples for lead A tailoring shop.
  • A beauty shop.
  • Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
  • Non-manufacturing costs includes,
  • selling expenses
  • general expenses
  • Selling Expenses
  • It is also called as selling and distribution expenses.
  • Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.
7 0
2 years ago
Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost
Tcecarenko [31]

Answer:

The depreciation cost of the bus per unit is $ 1.4 which is purchased on January 1, 2019.

Explanation:

The depreciation cost per unit is computed as:

Depreciable asset = Cost - Salvage Value

                               = $205,860 - $7,900

                               = $197,960

Depreciation per unit = Depreciable asset /Useful life expected value

                                    = $197,960 / 141,400

                                    = $1.4

Therefore, the per unit cost is $1.4

8 0
1 year ago
A 10-year U.S. Treasury bond with a face value of $1,000 pays a coupon of 5.5% (2.75% of face value every six months). The repor
Sveta_85 [38]

Answer:

YTM 5.2%  present value: $1,023.1644

YTM 1% present value:      $1,427.2169

YTM 8% present value:       $830.1209

YTM 8% present value:        $515.7617

Explanation:

YTM we will calculate the present value of the coupon payment

andthe maturity at each YTM rate given:

The coupon payment present value will be the present value of an ordinary annuity

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

Coupon payment 28 (1,000 x 2.75%)

time 20 (10 years x 2 payment per year)

rate          0.026 (YTM over 2 as the payment are semiannually)

27.5 \times \frac{1-(1+0.026)^{-20} }{0.026} = PV\\

PV $424.6800

The present value of the maturity will be the present value of a lump sum:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   20.00

rate  0.026

\frac{1000}{(1 + 0.026)^{20} } = PV  

PV   598.48

PV c $424.6800

PV m  $598.4843

Total $1,023.1644

Now, we will calculate changin the YTM the concept and formulas are the same, just the rate is diffrent:

<u>If YTM = 1% </u>

27.5 \times \frac{1-(1+0.005)^{-20} }{0.005} = PV\\

\frac{1000}{(1 + 0.005)^{20} } = PV  

PV c $522.1540

PV m  $905.0629

Total $1,427.2169

<u>If YTM = 8%</u>

27.5 \times \frac{1-(1+0.04)^{-20} }{0.04} = PV\\

\frac{1000}{(1 + 0.04)^{20} } = PV

PV c    $373.7340

PV m   $456.3869

Total    $830.1209

<u>If YTM = 15%</u>

27.5 \times \frac{1-(1+0.075)^{-20} }{0.075} = PV\\

\frac{1000}{(1 + 0.075)^{20} } = PV

PV c $280.3485

PV m  $235.4131

Total $515.7617

3 0
1 year ago
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