1. Why is it important to hire accountants that understand the unique needs of a healthcare organization.
2. If there is an increase in accounts receivable from one accounting period to the next, what affect would this have on the cash flow activities?
3. Alice purchases a rental house on September 22, 2015, for a cost of $174,000. Of this amount, $100,000 is considered to be allocable to the cost of the home, with the remaining $74,000 allocable to the cost of the land. What is Alice's maximum depreciation deduction for 2015 using MACRS? Click here to view the appropriate depreciation table.
a. $2,373
b. $2,071
c. $1,364
d. $1,061
e. $1,009