You are the CEO of an engineering business that purchased a Gulfstream G550 executive jet for $61.5 million. Assume that your company will keep this jet for 10 years and sell it at an expected salvage value of $20 million. a) Based on the Table 11-2 for the MACRS GDS Property Classes, what is the property class for this asset? b) At the time that the aircraft is sold, which of the following situations will apply? c) At the end of the 5th year, what is the book value of this aircraft based on MACRS depreciation with half-year correction (million dollars)? Give answer to two decimal places. d) At the end of the 5th year, what is the value of this aircraft taking into account the salvage value and assuming that it would operate for a book life of 10 years, based on straight-line depreciation (million dollars)? Give answer to two decimal places. e) At the end of the 5th year, what is the value of this aircraft taking into account the salvage value and assuming that it would operate for a book life of 10 years, based on Sum of Years' Digits depreciation (million dollars)? Give answer to two decimal places.

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?

Each row in a database is a set of unique information called a(n) table. record. object. field.