Question
In: Finance
You work as a college professor during the academic year but have the summers off. You...
You work as a college professor during the academic year but have the summers off. You love Salmon fishing on the Kenai River in Alaska. You decide to purchase a fishing camp for $570,000 on May 15 so you can rent the cabins out and be a fishing guide for your customers. Your appraiser tells you that the land is worth 30.00% of your purchase price. You immediately build a large pavillion to hold your daily cookouts at a cost of $17,000. You hold the property for five years and sell it for $710,000. What is your accumuated depreciation over the five-year holding period? (The answer is $69,964 but I don't understand how to get this answer so please show your work-answer does need to be exact) Thanks!
Solutions
jeff jeffy answered 2 years agoRelated Solutions
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Theresa is a college professor who wants to work for a consulting firm during the summer....
Theresa is a college professor who wants to work for a
consulting firm during the summer. She will be working on special
projects relating to professional development programs. What
advantages might accrue to the consulting firm if the engage-ment
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Gilbert Moss and Angela Pasaic spent several summers during their college years working at archaeological sites...
Gilbert Moss and Angela Pasaic spent several summers during
their college years
working at archaeological sites in the Southwest. While at those
digs, they learned how to make
ceramic tiles from local artisans. After college they made use of
their college experiences to start
a tile manufacturing firm called Mossaic Tiles, Ltd. They opened
their plant in New Mexico,
where they would have convenient access to a special clay they
intend to use to make a clay
derivative for their...
Gilbert Moss and Angela Pasaic spent several summers during their college years working at archaeological sites...
Gilbert Moss and Angela Pasaic spent several summers during
their college years working at archaeological sites in the
Southwest. While at those digs, they learned how to make ceramic
tiles from local artisans. After college they made use of their
college experiences to start a tile manufacturing firm called
Mossaic Tiles, Ltd. They opened their plant in New Mexico, where
they would have convenient access to a special clay they intend to
use to make a clay derivative for their...
You have been hired by the Pierce College Center for Academic Success. Your job is to...
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