subject
Business, 18.07.2020 21:01 billy12008

Lee had to report his home office depreciation for the tax year. He has a 2,500 SF home and a 500 SF office area. Lee paid $280,000 for his home, and he figures the land portion carries about 25% of that value. If Lee depreciates on a 39-year basis, how much can he write off for his home office depreciation per year

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:20
while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.
Answers: 2
question
Business, 22.06.2019 10:30
The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.
Answers: 1
question
Business, 22.06.2019 13:10
bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?
Answers: 2
question
Business, 22.06.2019 23:30
Each state’s organizational structure is guided by the federal government.true or false?
Answers: 1
You know the right answer?
Lee had to report his home office depreciation for the tax year. He has a 2,500 SF home and a 500 SF...
Questions
question
Mathematics, 05.02.2020 04:54
Questions on the website: 13722363