Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. hint it's not 4. question 1 2/5 pts upon gradu

HINT it's not 4. Question 1 2/5 pts Upon graduation, four...

90.2K

Verified Solution

Question

Finance

image

HINT it's not 4.

Question 1 2/5 pts Upon graduation, four Civil Engineering students form the company 4B, LLC (four builders). Their first project is the complete restoration and renovation of an 80-unit apartment complex on North Perkins Road. Before signing the contract the 4B, LLC wants to determine the depreciation for the property using the MACRS depreciation method. The asking price is $100,000 for the land and $1,000,000 for the apartment building for a total of $1,100,000. If the purchase takes place in August and assuming 4B, LLC is planning on selling the apartment building in June of the third year. Using MACRS, what is the depreciation write-off for year 3 (dz) if the property is sold in June of that year? 1. $ 7,333 2. $16,667 3. $28,250 4. $34,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Right after the poll stations are closed at 17:00, a political candidate receives the information that out...

Statistics
Q

Week 4 lab A& P the muscular system 7. T or F The influx of sodium...

Medical Sciences
Q

Problem 4-2A Preparing a work sheet, adjusting and closing entries, and financial statements LO C3, P1,...

Accounting
Q

How does this compare to the teaching of controversial issues in American history such as slavery...

Psychology
Q

Indicate whether the following statements are true or false. Explain. The energy of simple compressible systems can...

Mechanical Engineering
Q

Triacylglycerols Pectins Steroids Fatty acids Question 2 1 point Listen Membranes from cells grown in...

Biology
Q

Three rigid rods are joined to form an equilateral triangle The two corners A 3...

Physics
Q

Exercise 6-4A (Algo) Determining the cost of an asset LO 6-1 Southwest Milling Company purchased...

Accounting
Q

answer why these are wrong and give me coreect answrrs ...

Accounting
Q

In addition to profit or loss and total asset amounts, certain revenue and expense amounts...

Accounting
Q

#1 Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals...

Finance
Q

Steve Conyers and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance...

Accounting