Jill Perry invested $10,000 for a 5% interest in a limited partnership on January 1, Year 1. There is one general partner with a 50% interest. In Year 1, the partnership purchased an office building to rent and incurred a nonrecourse debt of $100,000 to a bank paying interest for only 5 years. The debt has no conversion feature. The partnership incurred a loss of $150,000 in Year 1 and a loss of $200,000 in Year 2. How much can Jill deduct each year, ignoring any passive loss rules?

Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800