1. Someone bought a house $400,000 in cash of which $100,000 is the value of the property. The property is rented out for 5k monthly and it cost 500 a month to maintain. He pays 38% in contributions. He plans to totally depreciate the property after 20 years, using the straight line depreciation . What is the vnet annual income from contributors? 2. A company bought a machine with an initial cost of $1million with a salvage value of 100,000 in year 10, it was sold in y5 for 1.2 million a) what are the tax implications of this sale? fully depreciated with a 100%bonus + straight line depreciations the firm that owns the machine pays corporate income taxes at crate of 40% and a capital gains taxes at a rate of 10%

1. Someone bought a house $400,000 in cash of which $100,000 is the value of the property. The property is rented out for 5k monthly and it cost 500 a month to maintain. He pays 38% in contributions. He plans to totally depreciate the property after 20 years, using the straight line depreciation . What is the vnet annual income from contributors? 2. A company bought a machine with an initial cost of $1million with a salvage value of 100,000 in year 10, it was sold in y5 for 1.2 million a) what are the tax implications of this sale? fully depreciated with a 100%bonus + straight line depreciations the firm that owns the machine pays corporate income taxes at crate of 40% and a capital gains taxes at a rate of 10%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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d as taxable income on, efrors resulting in notices such as this one. It's free to file your taxes electronically Go to www.irs.gov/efile for information and instructions You can contact us by mail at the address at the top of the tirst page ot this notice Be sure to include your Social Security number and the tax year and form number you are writing about • Keep this notice for your records. 12 structions, and publications, visit www.s.gov or call *Activity on your 2020 account may be delaving the relsse ef jour refund rw receive a hotice explaining this delay Estimated Tax Filers Note: Hf sopay erieated aes ORM (800-829-3676). d you e-file your tax return? Electronically filed returns are less likely to have matr Type here to search Graw Mc $825,000. eBook 6. 000'09 $220,000. production, packaging, marketing, employee wages and benefits, and rent on a building. bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming. In the first year, the firm sold…
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taxable income on ructions, and publications, visit www.irs.gov or call RM (800-829-3676). u e-tile your tax return? Electronicaly fled returns are less kely to have ma errors resulting in notices such as this one. t's free to file your taxes electronicaly Go to www.irs.govlefile for information and instructions • You can contact us by mail at the address at the top of the first page of this notice de sure to include your Social Securiy Cumber and the tar year and form number you are writing about • Keep this notice for your records • Activity on your 2020 account may be detaying the relese of your neftund receive a notice explaining this delay • Estimated Tax Filers Note, i# you pn sta taes c Hill Graw P Type here to search 直。 000'006$ ) $750,000. eBook The total revenues of Harvey's firm in the first year were 81°F Sunny ^ 10/17/2021 3:57 PM
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On December 31, 2021, Annie bought a fitness center with exercise equipment and a building worth $400,000. During 2022, she bought some new euipment for $200,000 at the end of 2022, her equipment and building were valued at $590,000. What was Annie's grossinvestment during 2022?
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Galorte ine. began operations in April of the year t makes al saes on atcount, sutject to the foliowing colection patern 25 ee colected in the manth of sale, 5SN ere collected in the first month aher sale, and 20 are collected in the second month after sale. If sales for Apri, May. and une were S52000, ST000, and S67000. repectivety, whet were the fims budgeted clections for Apri Nore of the anwescorect
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