-All of the following types of real property are depreciable except: ...
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Accounting
-All of the following types of real property are depreciable except:
Warehouses
Land (Explain why this is correct)
Office Buildings
Test Facilities
-A machine which costs $50,000 when new has a 10 year lifetime and a salvage value equal to 10% of its original value. Determine the capital recovery costs, based on an interest rate of 7% per year, compounded annually.
$6,757 (explain why this is correct)
$7,106
$7,797
$7,824
$7,541
-You have just invested $3,000 into an account that will earn a 9% annual interest rate. You want to have $8,000 in the account at the end of 5 years. In order to have $8,000 at the end of year 5, how much must you deposit at the end of the 3rd year?
$2,848 (explain why this is correct)
$2,613
$2,397
$3,384
None of the above are within $50 of the correct amount
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