question 24 ?

a.) $ 149. $177 c. $144 d. 500. 23. Bukala, Inc., purchased a tract of land, a small office building, and some equipment for $1 500000. The appraised value of the land was $ 877500, the building $ 780000, and the equipment $ 292500. What is the cost of the land? i,aso,000-045 x 1,500,000 (6,000 a. $500000 $675000 c. $877500 land %), soo d. None of the above 24. Assume Grande Coamu unications purchased a new piece of equipment orn Janua that cost $ 55 000. The estimated useful life is 10 years and estimated residual value is $ 5.000. If Grande uses the double-declining-balance method, what is depreciation for 2017? L-x a= a.) $ 11000 $8800 c. $19800 0055,000 .9o 11,00 d. $8000 25. Why would a business select an accelerated method of depreciation for tax purposes? a. Accelerated depreciation is easier to calculate because salvage value is ignored. b. Accelerated depreciation generates a greater amount of depreciation over the life of the asset than does straight-line depreciation. MACRS depreciation follows a specific pattern of depreciation. ted danraciation generates higher depreciation expense immediately