12) The data in the table are for the subject and three comparable properties.What is the adjustment to sale 1 for a corner lot?SalepriceSizePrice per sfDateLocationSubject19,000 sfCurrentInteriorA) $0.39 per sfB) $0.54 per sfC) ($0.54) per sfD) ($0.39) per sfSale 1$57,38019,000 sf$3.021 year agoCornerSale 2$52,60020,000 sf$2.63CurrentInteriorSale 3$48,75019,500 sf$2.501 year agoInterior

Adjusting the selling price per square foot (sf) for the current year in comparison with others…

Answered: 12) The data in the table are for the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used E Recovery period (years) Elapsed time since purchase (years) Asset Installed cost A $987,000 2 The remaining book value is $ . (Round to the nearest dollar.) Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* 5 years Recovery year 3 years 7 years 10 years 1 33% 20% 14% 10% 45% 32% 25% 18% 15% 19% 18% 14% 7% 12% 12% 12% 12% 9% 9% 5% 9% 8% 9% 7% 4% 6% 6% 10 6% 11 4% Totals 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%)…
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What is the cost of the land, based upon the following data? Land purchase price $192,605 Broker's commission 15,004 Payment for the demolition and removal of existing building 4,204 Cash received from the sale of materials salvaged from the demolished building 1,211 $fill in the blank 1
Am. 398.
signment/takeAssignmentMain.do?invoker%-D&etakeAssignmentSessionLocator%-&inprogress%3false The earliest date that condemned property can be replaced and still qualify for involuntary conversion (nonrecognition) treatment is: Oa. 2 years before the actual condemnation. Ob. 3 years after the date of the condemnation. Oc. the date of the threat of condemnation. Od. 2 years before the threat of condemnation. Oe, the date of the actual condemnation.
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Calculate the NOI of a property based upon the information provided below: Building area: Average base rents: .NNN recoveries: Vacancy rate: Operating expenses . . • Percentage rent . Concessions . Annual debt service 165,720 O 315,720 O 375.720 440,220 O 478.500 O None of these 15,000 sqft $27.50 psf $4.00 psf 5.0% $4.30 psf $6,000 per year 3.0% $210,000 per year
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A4
5. yellow company purchased the following asset on July 16 2022 and placed it in service on the date shown • Apartment building 12/29/2022, total price=2000000;500000 allocated to the land. a. What is the maximum allowed cost recovery for 2022 for the apartment building?
Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is appraised at $164,000; land improvements are appraised at $82,000; and the building is appraised at $164,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers Required 1 Required 2 Allocate the total cost among the three assets. (Round answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value x Total Cost of = Apportioned Acquisition Cost Land Land improvements Building Totals Required 2
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