On January 1 . 2014, A1A Company leased a warehouse to Elisha under an operating lease for ten years at $80,000 per year, payable the first day of each lease year. A1A paid $36,000 to a real estate broker as a finder's fee. The warehouse is depreciated at $20,000 per year. During 2014, A1A incurred insurance and property tax expense totaling $15,000 . A1A's net rental income for 2014 should be

a. $9,000.
b. $41,400.
c. $44,000.
d. $45,000.


B

Business

You might also like to view...

Labor unions represent the largest percentage of workers in

A. Japan and Germany. B. Sweden and Denmark. C. Australia and Canada. D. Canada and the U.K. E. France and the U.S.

Business

Which of the following statements is true?

a. External performance measures focus on production and performance. b. Patents developed are examples of production performance. c. The most common performance metric is profit. d. All of the above are true.

Business

Various agencies that have great impact on world business operate under the United Nations. Name these organizations and describe the purpose of each

Business

The traditional exceptions to the confidentiality rule allow the lawyer to disclose client information for the following reasons: ________________________________________; ________________________________________r; and _________________.

Fill in the blank(s) with the appropriate word(s).

Business