Two years ago, a corporation purchased residential real estate (an apartment complex) at a total cost of $250,000. Of this amount, $50,000 was allocated to the underlying lanD. What is the corporation's allowable depreciation deduction for the current year under MACRS?A)$5,000 B) $5,128 C) $6,350 D) $7,272

correct option is D) $7,272

Explanation:

given data

total cost = $250,000

allocated to underlying lanD = $50,000

solution

we use here MACRS table

so its value is = 27.5

and

now deducted 50000 in 250000 of corporations purchase  that is = 250000 - 50000

so it is

=200000

so now corporation's allowable depreciation deduction is

corporation's allowable depreciation deduction =  

corporation's allowable depreciation deduction = 7272

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

i would say their habit of breaking down.