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Depreciable residential rental real property has been purchased for $70,000 and put into service during the third month of the taxpayer's tax year. For the applicable 27.5 year depreciation life, determine the allowable straight line depreciation deductions for year 5? How many months of depreciation should be generated for the year 1?
how does a government budget surplus affect the u.s. economy? identify two periods in recent history in which the
In the case of a natural monopoly, as the number of firms in the industry increases, the average cost of producing a:
An engineer uses an economic analysis to determine which of the two machines to purchase. All the machines that are being considered are capable of performing the same task. Assume that the minimum attractive rate of return is 12% compounded m..
a five-forces industry analysis provides an overview of the potential profitability of the average firm in an industry
Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to beer. The price elasticity of supply of liquor is 4.0, and the price elasticity of demand is -0.2. The cross-elasticity of
A firm is focal point for a set of contracts. Explain the problems that (1) agency relationships, (2) asymmetric information, and (3) adverse selection can introduce to building a successful contract between two people.
Presume than an oligopolist is charging $21 per unit of output and selling 31 units each day. Also presume that previously it had lowered its price from $21 to $19, rivals matched the price cut, and the firm’s sales increased from 31 to 32 units.
Suppose that Jeffs friend Warren has an idea for product improvement at his firm but he is concerned that the idea may already be patented. If indeed the improvement is already patented, the firm holding the patent may sue Warren for infringing th..
In a one-shot game, if you advertise and your rival advertises, you will each earn $5 million in profits. If neither of you advertise, your rival will make $4 million and you will make $2 million.
when measuring the gdp for a particular year why do economists include only final goods? why dont they include the
let w denote a random variable that has a poisson distribution with mean 2. finda. pw 2b. pw 3 andc. pw 3jw 1.the new
when a variable grows at constant rate, then the graph of the ln of the variable is a linear function of time, with slope that is approximately equal to the growth rate of the original variable (when that growth rate is small). Usin..
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