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-All of the following types of real property are depreciable except: ...

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Accounting

-All of the following types of real property are depreciable except:

Warehouses

image

Land (Explain why this is correct)

Office Buildings

Test Facilities

-A machine which costs $50,000 when new has a 10 year lifetime and a salvage value equal to 10% of its original value. Determine the capital recovery costs, based on an interest rate of 7% per year, compounded annually.

image

$6,757 (explain why this is correct)

$7,106

$7,797

image

$7,824

$7,541

-You have just invested $3,000 into an account that will earn a 9% annual interest rate. You want to have $8,000 in the account at the end of 5 years. In order to have $8,000 at the end of year 5, how much must you deposit at the end of the 3rd year?

image

$2,848 (explain why this is correct)

$2,613

image

$2,397

$3,384

None of the above are within $50 of the correct amount

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