accounting

On November 30, 2011, Constance purchased an apartment building for \$750,000. Determine her depreciation deduction for 2011

1. 👍 0
2. 👎 0
3. 👁 66

Similar Questions

1. Accounting

On November 30, 2011, Constance purchased an apartment building for \$750,000. Determine her cost recovery deduction for 2011 rounded to the nearest dollar? A. \$0 B. \$2,400 C. \$3,413 is it B

asked by Billy on March 19, 2012
2. accounting

. Della purchased a commercial warehouse which has a 39 year life on February 25, 2011, for \$350,000. \$45,000 of the price was for the land. What is her depreciation deduction for 2011

asked by kaye on December 13, 2012
3. Financial Accounting

Prepare the general journal entries for the following transactions: Jan 2, 2011 -- Purchased land with a building on it for \$750,000. The land is worth \$300,000. Paid \$150,000 cash down and signed a mortgage payable for the

asked by Diane on February 16, 2012
4. Accounting

Della purchased a warehouse on February 25, 2011, for \$350,000. \$45,000 of the price was for the land. What is her cost recovery deduction for 2011 rounded to the nearest dollar? A. \$6,853 B. \$7,865 C. \$9,705 D. \$11,137 is it D

asked by Andy on March 14, 2012
5. Financial Accounting

E3-30A. Account for depreciation expense. (LO 1, 3). Maximus Dog Company purchased a new supply van on January 1, 2011, for \$35,000. The van is estimated to last for five years and will then be sold, at which time it should be

asked by Anonymous on April 25, 2013
6. microeconomics

Sam Johnson started a small machine shop, Machines, Inc., in his garage and incorporated it in March of 2002 as a calendar-year corporation. At that time, he began using his personal computer and tools solely for the business as

asked by Elizabeth on July 3, 2011
7. Financial Accounting 1

Maximus Dog Company purchased a new supply van on January 1, 2011, for \$35,000. The van is estimated to last for five years and will then be sold, at which time it should be worth approximately \$5,000. The company uses straight-

asked by Anonymous on April 25, 2013
8. tax

On July 15, 2009, Travis purchased some office furniture for \$20,000 to be used in his business. He did not elect to expense the equipment under §179 or bonus. On December 15, 2011, he sells the equipment. What is his cost

asked by Andy on March 20, 2012
9. Accounting

On July 15, 2009, Travis purchased some office furniture for \$20,000 to be used in his business. He did not elect to expense the equipment under §179 or bonus. On December 15, 2011, he sells the equipment. What is his cost

asked by Billy on March 19, 2012
10. accounting

1-On May 1, 2012, Pinkley Company sells office furniture for \$150,000 cash. The office furniture originally cost \$375,000 when purchased on January 1, 2005. Depreciation is recorded by the straight-line method over 10 years with a

asked by miley on February 25, 2013

More Similar Questions