Answer:
$116,499.15
Explanation:
To find the amount he will have to invest today, we have to find the present value of $500,000 at the 6% interest rate
PV = FV (1+r)^-n
PV = Present value
FV = Future value = $500,000
R = interest rate = 6%
N = number of years = 25
$500,000 ( 1 + 0.06) ^-25 = $116,499.15
I hope my answer helps you
Answer:
$18,000
Explanation:
According to the Internal revenue service, the useful life of the rental property would be 27.50 years.
The computation of the maximum amount of depreciation is shown below:
= (Purchase cost of building - allocated value of land - salvage value) ÷ useful life
= ($600,000 - $104,950 - $0) ÷ 27.50 years
= $495,050 ÷ 27.50 years
= $18,000
Answer:
1. P = $156,560; Q = $203,440
2. P = $90,320; Q = 149,680
3. P = -$43,500; Q = $3,500
Explanation:
The explanation is given in images for each situation:
Answer:
so maximum amount that consumers are willing to pay for the quantity demanded at this price = $168
Explanation:
given data
Q = 20 - P
P = $8
to find out
maximum amount that consumers are willing to pay for the quantity demanded at this price
solution
we get here demand at current market price that is
Q = 20 - P
Q = 20 - 8
Q = 12
and Total expenditure incurred will be at at current market price will be
Total expenditure incurred = Price × Quantity ..................1
Total expenditure incurred = $8 × 12
Total expenditure incurred = $96
and
we get price when Q = 0
Q = 20 - P
P = 20
so now consumer surplus will be here as
consumer surplus = 0.5 × ( Price when(Q = 0) - Current market price) × Quantity ............................2
put her value we get
consumer surplus = 0.5 × ( 20 - 8 ) × 12
consumer surplus = $72
and
now we get maximum amount that is
maximum amount = Current expenditure + Consumer surplus
maximum amount = $96 + $72
maximum amount = $168
so maximum amount that consumers are willing to pay for the quantity demanded at this price = $168
Answer:
She can write off up to $126,000 in depreciation
Explanation:
Step 1: Determine total gross income
The formula for the total gross income is;
T=agi+R
where;
T=total gross income
agi=adjusted gross income
R=rental revenue
In our case;
agi=120,000
R=10,000
replacing;
T=120,000+10,000=$130,000
Total gross income=$130,000
Step 2; Determine total net gross income
Total net gross income=total gross income-mortgage interest
total gross income=$130,000
mortgage interest=$4,000
Total net gross income=130,000-4,000=$126,000
She can write off up to $126,000 in depreciation
