1.

Rentals for 2018 2,400,000

Annual real property tax 30,000

2,430,000

2. A

Rentals for 2019 2,400,000

Annual real property tax 30,000

2,430,000

3. B

Rentals for 2020 2,400,000

Annual real property tax 30,000

Depreciation Expense

9,500,000
9.5 X 6/12 500,000
2,900,000
4. B
Rentals for 2021 2,400,000

Annual real property tax 30,000

Depreciation Expense

9,500,000
9.5 X 6/12 500,000
2,900,000
5. B
6. B
7. A

8. B
9. C

NOLCO 50,000
Interest expenses 60,000
 Less: Limitation:
(24,000/20%) 30,000
Multiply by: 33% 9,990 50.100
Rent Expense 24,000
Advertising Expense 6,000
Depreciation Expense 5,000
Salary Expense 120,000
255,100
10.B

To Christ the king catholic church 250,000

To bukaspalad, Non-profit domestic corporation 300,000
550,000