Lola-Rose converted her personal residence to rental property in 2021. She purchased the property in 2011 for $300,000 (including acquisition expenses), of which $75,000 was allocable to the land. She made no improvements. On the date of conversion, an appraisal valued the property at $233,000; $58,250 was allocated to the land. Lola-Rose's basis for depreciation is __________.
O $174,750
O $225,000
O $233,000
O $300,000
Answers
Lola-Rose's basis for depreciation is $174,750. The correct option is a.
To calculate the basis for depreciation, we need to start with the original cost of the property, which is $300,000. From this, we need to subtract the value of the land, which is $75,000. This gives us a cost basis for the building of $225,000. However, when Lola-Rose converted the property to rental use, she had to adjust the basis to reflect the fair market value of the property at that time. The appraisal valued the property at $233,000, so this becomes the new adjusted basis for the property. To calculate the basis for depreciation, we need to use the lower of the original cost basis or the adjusted basis. In this case, the adjusted basis of $233,000 is lower than the original cost basis of $225,000, so we use the adjusted basis. From this adjusted basis, we need to subtract the value of the land, which is $58,250. This gives us a basis for depreciation of $174,750.Learn more about depreciation: https://brainly.com/question/27971176
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Related Questions
an economist would say that the benefits of regional integration are determined by:
Answers
An economist would say that the benefits of regional integration are determined by the amount of trade creation.
Regional integration is when two or more countries come together in order to agree to work together for the benefit of all countries involved in the integration.
Forms of regional integration
Free trade area: this is when countries agree to remove the barriers to trade. Customs union: this when restrictions to trade are removed for both member countries and non member countries. Common market: in addition to the removal of restrictions to trade, there is also free movement of labour among member countries. Economic union: member countries adopt similar economic policies.Benefits of regional integration
It increases market efficiency. It enhances global integration.
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In a slae the price of a coat was reduced by 25% if raj paid 900 for thencoat what was its original price?
Answers
Answer:
the answer to this is 3600
Explanation:
25% of ? is 900.
So 1% of ? = 900 ÷ 25 = 36
So 100% of ? = 36 x 100 = 3600.
So the original number is 3600.
You are the coding supervisor and you notice a potential discrepancy in a productivity report from one of your coders. You remind all of the coders about the importance of accuracy with these reports. One of the coders thinks she may have accidentally combined 2 days into one of her daily productivity reports and she must decide if she should admit her potential mistake or just let it go because one day’s productivity reporting really doesn’t make a difference. This is an example of ______.
Answers
Answer:
laziness.
Explanation:
what would you like to learn or put into practice right now to prevent dealing with the same financial challenges in the future?
Answers
Here are a few key steps you can take:
Financial Education: Invest time in learning about personal finance, budgeting, saving, investing, and other relevant topics. Strengthening your financial literacy can help you make informed decisions and avoid common financial pitfalls. Budgeting and Financial Planning: Create a comprehensive budget to track your income, expenses, and savings. Set financial goals and develop a plan to achieve them. Regularly review and adjust your budget to align with your changing circumstances. Building an Emergency Fund: Establish an emergency fund to provide a financial cushion in case of unexpected expenses or emergencies. Aim to save three to six months' worth of living expenses in a separate savings account.
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Which of the following is not a true statement about filing bankruptcy? a. bankruptcy erases all of your debt. b. it is possible to rebuild your credit after filing bankruptcy. c. there are exemptions that allow you to keep essentials. d. bankruptcy stops aggressive action by creditors. please select the best answer from the choices provided a b c d
Answers
Bankruptcy does not clear all the debt. Under Bankruptcy, not all debts can be discharged, however, and some are very difficult to discharged.
What is Bankruptcy?Bankruptcy is a legal process in which individuals or other organizations who are unable to repay their debts to their creditors may seek relief from some or all of their debt.
In many places, a lawsuit was probably settled out of court, as the debtor was likely to pay.
Bankruptcy gives people in debt the opportunity to restart by closing or by restructuring. In both cases, the court may impose a fine on the debt.
Once the debt has been settled, the lender will no longer be able to take action against the debtor, such as trying to collect debt or take any security.
Thus, Option a. bankruptcy erases all of your debt is the correct answer.
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Read the following scenario, and then answer the question below.
A new pet supply company plans to primarily sell products in stores. They need a system that will track their large
inventory and keep customer sales records.
Which evaluation factor will be most important when choosing technology for the company?
1)speed
2)size
3)storage
4)connectivity
Answers
The correct answer is 3) storage
Explanation:
In technology, storage refers to the amount of information a system, program, or similar can record and save. This factor is especially important when businesses or companies need to keep a lot of information from sales, inventory, and similar. This occurs in the case of the pet supply company because it is explained they need a technological system to "track their large inventory and keep customer sales records", therefore their priority will be to record and save their information or the storage in the system.
Answer:
c
Explanation:
c
Why would a health insurance company charge a higher premium to a tobacco user?
Tobacco use is a voluntary behavior.
Without higher premium prices for tobacco users, nonusers end up paying for users' claims.
Tobacco use causes significant health issues.
Using tobacco products is very expensive.
Tobacco users are at a higher risk of failing to pay their premiums on time.
Answers
Answer:
Tobacco use causes significant health issues.
Explanation:
When insurance coverage commences, the insurance company assumes all the risks associated with the insurance policy issued. For medical insurance, the insurance company will cater to the insured medical bills should the need arise. For this reason, insurance firms evaluate different risk parameters when deciding on the premiums to charge for insurance coverage.
Tobacco is known to cause health issues in smokers. Tobacco smokers are more likely to develop health complications at some point in their life. They present a higher risk for insurance companies. Insurance companies will charge them higher premiums to cover the increased risk caused by smoking tobacco.
Answer:
a, b, c
Explanation:
In general, reducing the interest rate (i) of a credit card but keeping the present value (PV) and number of periods (n) the same will_______.
a.) decrease the monthly payment (P) needed to pay off the debt.
b.) increase the monthly payment (P) needed to pay off the debt.
c.) eliminate the monthly payment (P) needed to pay off the debt.
d.) have no effect on the monthly payment (P) needed to pay off the debt.
Answers
Answer:
A. decrease the monthly payment (P) needed to pay off the debt.i took the test⬇️
Answer:
a
Explanation:
Asking the prospect to consider choices concerning delivery, warranty, or financing terms under the assumption that a sale has been finalized is known as a(n)
Answers
The term that describes a condition whereby prospects were asked to make consideration about choices that concern warranty as well as financing with the assumption that the sale has been made is assumptive close
An assumptive close can be regarded as one that take place, when you make an assumption about the plan of the customer.So that the customer would make a purchase from you and giving them some encouragement as well as positive and reassuring remarks.Therefore, the correct option is assumptive close.
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Slim purchases equipment with cash. The accounts affected are:____.
A. Equipment and accounts payable.
B. Cash and equipment.
C. Cash and revenues.
D. Cash and inventory.
Answers
Answer:
Option B, Cash and equipment, is the right answer.
Explanation:
Option “B” is correct because the purchase of equipment shows that the Equipment account debit and cash account credit. Here the debit of equipment account shows that the equipment has been increased and the cash account credit means the cash has been decreased. Therefore, both accounts, cash, and equipment will be affected. The equipment account will be increased while the cash account will be decreased.
What are three factors that affect price equilibrium and how does each factor affect it?
Answers
As you can see, an increase in demand causes the equilibrium price to rise. On the other hand, a decrease in demand causes the equilibrium price to fall. An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.
Which of the people or institutions listed exercises the most power over the quantity of money in the united states economy?.
Answers
The institutions that exercises the most power over the quantity of money in the united states economy is: The United States Federal Reserve.
United States Federal ReserveUnited States Federal Reserve is a financial institution located in the United States of America which sole responsibilty is to control the amount of money in circulation.
United States Federal Reserve play an important roles when it comes to money in the united states economy as they help to regulate money so as to maintain fiancial stabilty.
Inconclusion the institutions that exercises the most power over the quantity of money is: The United States Federal Reserve.
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.Which one of the following is the type of risk that affects a large number of assets?
A. unique
B. systematic
C. asset-specific
D. unsystematic
E. firm-specific
Answers
The type of risk that affects a large number of assets is systematic risk.
Option (B) is correct.
Systematic risk, also known as market risk, is the risk that is inherent in the entire market or an entire market segment. It affects the overall market and cannot be diversified away through portfolio diversification. Examples of systematic risk include changes in interest rates, inflation, and economic recessions. Since it affects the entire market or a market segment, it cannot be eliminated by diversification, and investors must bear it.
In contrast, unsystematic risk, also known as specific risk, is the risk that affects a particular company or a specific asset. Asset-specific or firm-specific risks are subsets of unsystematic risk and are unique to a particular asset or company. They can be reduced through diversification by investing in a portfolio of different assets or companies.
Therefore, the correct answer will be option (B)
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The _____________ section of the purchase agreement you reviewed is not for the buyer to fill out. it is where the seller indicates whether the offer is accepted or countered.
Answers
The conditions section of the purchase agreement you reviewed is not for the buyer to fill out. It is where the seller indicates whether the offer is accepted or countered.
What is a Purchase Agreement?
An official contract between a buyer and a seller is known as a purchase agreement. It is a written statement of the terms and conditions of a transaction. When the buyer or seller requires assurance that both parties will uphold the agreed-upon terms, purchase agreements are frequently used for expensive goods or special orders.
Purchase agreements can take many different forms. Almost any form of an asset can be bought or sold using them. However, huge transactions that go beyond the realm of typical companies are where they are most frequently used.
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Which of the following would be a business selling the same thing in another country?
Answers
if I'm wrong please give more details? and ice cream parlour?
Answer:
I think cafe or Hotel will be the best business in another county.
Which of the following is not an example of professional behavior
?
Answers
Most people reject what they don’t understand because ______. A. It is too expensive to change b. It challenges their own ideas c. It must either be rejected or it must be accepted d. It is humiliating to try to understand something Please select the best answer from the choices provided A B C D.
Answers
Answer:
B
Explanation: Edge 2022
List any THREEshopping skill that you will follow.
Answers
2. Negotiating major purchases
3. Evaluating competing products
4. Separating quality from quantity when clothes shopping
5. Determining want versus need
6. Learning how to just say NO
7. Identifying the right times to buy things
8. Seeing the value in used goods
9. Avoiding shopping hungry OR emotional
10. Knowing your shopping triggers and staying away from them
There are 10 shopping skills that we can follow , you can choose any 3 from these and answer your question.
In the current year, Poplar City paid $5,000 interest and $20,000 principal on its outstanding general obligation bonds. The payment was made from a debt service fund using cash transferred earlier the same year from the general fund. How should the city report the expenditures
Answers
Answer: General fund: 0
Debt service fund: $25,000
Permanent: 0
Explanation:
From the question, we are informed that in the current year, Poplar City paid $5,000 interest and $20,000 principal on its outstanding general obligation bonds and that the payment was made from a debt service fund using cash transferred earlier the same year from the general fund.
The city report the expenditures in the following way:
General fund: 0
Debt service fund: $25,000
Permanent: 0
The debt service funds is simply the addition of $20,000 principal and the $5000 interest.
President Eisenhower's economic policy can be best characterized as (A) the adoption of deficit financing to promote economic growth, but the repudiation of the progressive income tax (B) the rejection of the New Deal and an attempt to restore laissez-faire policies (C) the acceptance of the New Deal, but moderation in the expansion of governmental social programs (D) a vigorous effort to increase defense spending and federal funds for health care (E) a continuation of his predecessors' efforts to expand the role of the federal government
Answers
Answer:
(C) the acceptance of the New Deal, but moderation in the expansion of governmental social programs.
Explanation:
President Eisenhower's economic policy can be best characterized as the acceptance of the New Deal, but moderation in the expansion of governmental social programs.
An executive assistant accidentally sends out a corporate-level email that has sensitive information reserved for board members only. Which type of threat has the executive assistant created based on the STAIDE threat classification model? Spoofing Tampering Elevation of privilege Information disclosure
Answers
The type of threat that has been created based on the STAIDE threat classification model by the executive assistant is Information disclosure.
What is Information disclosure?Information disclosure is the release of classified information to people who should not have access to it. Unauthorized individuals can use such knowledge to conduct fraudulent activities, especially when it is personal data such as banking information, social security numbers, and personal identifiers. It is the most common threat caused by inadvertent data breaches that may result in a significant loss of integrity, privacy, and confidentiality of data.
An executive assistant accidentally sends out a corporate-level email that has sensitive information reserved for board members only. The type of threat that has been created based on the STAIDE threat classification model by the executive assistant is Information disclosure.
It is the release of classified data to individuals who should not have access to it, resulting in loss of privacy, integrity, and confidentiality of data. It may occur accidentally as a result of user errors such as sending an email to an incorrect recipient. This type of breach occurs through electronic, digital, or physical means. Organizations have a legal responsibility to maintain the confidentiality of consumer and employee data. Inadvertent data breaches, which occur when employees or contractors release sensitive data accidentally, are common.
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Shell oil company’s motto "people, planet and profit" is a real-world implementation of what oscm concept?.
Answers
Answer:
Triple Bottom Line
Explanation:
The triple bottom line is a sustainability framework that measures a business's success in three key areas: profit, people, and the planet.
(1) State which marketing environment affected Xerox's operation. (1mks)
(b) From your answer above, discuss which specific area from that particular enviroment affected how Xerox conducted business. (5mks)
Answers
Answer a:
Clearly, Xerox had one major issue concerning its marketing environment.
Due to technological changes, i's primary market was shifting and changing. Xerox didn't see it. Perhaps they did and decided it (the changes that is) not
Explanation:
One keyword or practice or culture or capability that was missing in Xerox was adaptability. Had they envisaged the future and created some internal structure to gradually cater to the changing requirements of their client base, they'd probably still be in business today.
So in a way, it wasn't really the change in the market that affected Xerox. It was Xerox' inability to respond to such changes that did it in. At some point, it became apparent to investors that Xerox was incapable to move with the next tide. They withdrew their funds, sold their shares and the rest is history.
Answer b:
The major area that affected how Xerox conducted business is the technology enviriomment.
Explanation
Due to the availability of technology which made it possible, peoples mindset were beginning to shift from keeping hard copies and or duplicating them to keeping electronic copies.
Two things made this idea very attractive:
1. It reduced cost greatly. In every era, cost reduction has always been an attractive business proposition for companies in any sector or subsector. As firms discovered they could cut down by keeping electronic copies of their documents, the idea quickly caught on. And so did the profits made by the renowned copier decline.
2. Another factor strenghtened the decline in making and keeping hard copies of documents is the ideology that the more papers we made, the more we were damaging our environment.
Companies that quickly adjusted even used their paper reduction efforts as a unique selling marketing proposition.
Cheers
what should you be aware of when looking at for-profit trade schools explain your reasoning
Answers
Explanation:
One of the simplest ways to find out more information about a trade school is to speak with the instructors. It is crucial to take into account the kinds of trades that are provided at this particular school. Particularly if it is preparing you for a career, school can be expensive. However, compared to more conventional Bachelor's degrees, attending trade school could save you tens of thousands of dollars. Before selecting a trade school, you should also think about the type of coursework you will be taking. Last but not least, make sure the trade school you select is accredited. Accreditation indicates that the institution satisfies the accreditor's standards and that the programs have been evaluated by peers in the industry.
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Carrie made an initial investment of $50,000.the final value of her investment was $55,500.what was the roi?
Answers
Answer:
sorry i am not good with this subject i want to help but i cant sorry
Explanation:
How does compromising differ from accommodating in the Thomas-Kilmann Conflict Mode Instrument (TKI)?
-Compromising is where the representative considers everyone in the conflict to be important and attempts to meet the needs of all, while accommodating is finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Compromising is giving in to the customer at the expense of the organization while accommodating entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Accommodating is giving in to the customer at the expense of the organization while compromising entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Accommodating is where the representative considers everyone in the conflict to be important and attempts to meet the needs of all, while compromising is finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
Answers
Answer:
Accommodating is giving in to the customer at the expense of the organization, while compromising entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
Explanation:
Jama has just become owner of a franchise
fast-food restaurant. He pays an initial fee of
$150,000 plus $8,000 per month for advertising
and management support to the franchisor. How
much will he pay in all to the franchisor during his
first year in business?
Answers
Answer:
$246,000
Explanation:
Jama will pay the initial fee plus 12 monthly payments to the franchisor in his first year.
The initial fee is $150,000
Monthly payments are $8000.
For the year, the monthly payments will total
=$8,000 x 12
=$96,000
In total, he will pay
=$96,000 +$150,000
=$246,000
Janice is spending the summer working as an intern writing copy for a local firm. Today Janice's senior editor sent back some of Janice's work covered in red ink corrections. Up until now, all of Janice's work had been corrected in green or blue ink. Janice is upset and worried that her senior editor doesn't like her. Which component of an attitude is not represented in the previous scenario
Answers
Answer:
The answer is "the behavioral component".
Explanation:
Janice is not acting on this instance. Thus, the behavioral component of an attitude is not shown. Janice doesn't like her junior publisher, believes. This review demonstrates the cognitive framework of an attitude. Janice's upset. Jessica is upset. In her work, jane reacted badly to the red ink which depicts the emotional component of an opinion. Whereas a position could be correct or incorrect, these elements of a situation as defined in the OB are not addressed.
Which of the following would be an example of a WANT?
Answers
Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:
Answers
Answer: Excessive cost
Explanation:
Zero-based budgeting is the sort of budgeting where when income is subtracted from expenses it gives zero. This sort of budgeting puts a measure of the expenses, it ensures the expenses matches the income. The purpose of the budget plan is to justify expenses and optimize cost, thereby look out for cost effective ways to plan and avoid inflated budgets. It primarily guides against excessive costs on projects.