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During 2018, Trained Hospital received $90,000 in third-party reimbursements for depreciation.These reimbursements were restricted as follows:For replacement of fully depreciated equipment . . . . . . . . . . . . . . $25,000For additions to property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,000What amount of these reimbursements should Trained include in revenues for the year ended December 31, 2018? a. $0 b. $25,000 c. $65,000 d. $90,000

During 2018, Trained Hospital received $90,000 in third-party reimbursements for depreciation.These reimbursements were restricted as follows:For replacement of fully depreciated equipment . . . . . . . . . . . . . . $25,000For additions to property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,000What amount of these reimbursements should Trained include in revenues for the year ended December 31, 2018? a. $0 b. $25,000 c. $65,000 d. $90,000

SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter17: Business Tax Credits And The Alternative Minimum Tax
Section: Chapter Questions
Problem 11P
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During 2018, Trained Hospital received $90,000 in third-party reimbursements for depreciation.
These reimbursements were restricted as follows:
For replacement of fully depreciated equipment . . . . . . . . . . . . . . $25,000
For additions to property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,000

What amount of these reimbursements should Trained include in revenues for the year ended December 31, 2018?
a. $0
b. $25,000
c. $65,000
d. $90,000

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