If a capital lease contains a bargain purchase option, the depreciation period that is used by the lessee for the asset is ________
A) the useful life to the lessee
B) the same period used by the lessor
C) the lease term
D) the statutory life for all assets in that class
Answer: A
Business
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Anthony and Cleopatra are married and file jointly for 2016. They received the following in 2016: Taxable pension $10,000 Interest income (taxable) 500 Anthony's Social Security benefits 6,600 Cleopatra's Social Security benefits 2,400 What is the amount of Anthony and Cleopatra's taxable Social Security benefits for 2016?
a. $4,500 b. $9,000 c. $0 d. None of the answers are correct
Business
Using the doubling approach, determine how long it will take to make the 64th unit of a product if it took 1 hour to complete the first product with a 50% learning curve
What will be an ideal response?
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