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Calculate the following amounts:
a.The first year of depreciation on a residential rental building costing $100,000, purchased on November 30.
b.The first year of depreciation on an auto used 100 percent in business, costing $30,000, purchased in May 2018.(No Section 179 or bonus depreciation).
c.The second year of depreciation on a computer used exclusively for business, costing $7,000, purchased May 2017.
d.The third year of depreciation on business furniture costing $1,000, purchased in July 2016, using the half-year convention and accelerated depreciation.
Turnover
A metric indicating the rate at which a company's inventory is sold and replaced over a given period.
Combined Turnover
A financial ratio that combines and assesses two or more turnover metrics, such as inventory turnover and receivables turnover, to evaluate the efficiency of a business's operations.
Investment Opportunity
A potential financial investment that could generate a return or gain.
Manufacturing Cycle Efficiency (MCE)
Process (value-added) time as a percentage of throughput time.
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