The rate that you pay to process a credit card transaction is a combination of base costs and markups called merchant discount. Think of merchant discount as the retail price of credit card processing, base costs as raw material expenses and the markup as production costs.
I divided the rehab cost by the square footage and came up with a cost per square foot for each home. The rehab ranged from 7-15 dollars per sqft for an average of $12 per sqft. For example a 1000 sqft home should cost around $12,000 on average to do a cosmetic rehab.
An asset's book value equals the asset cost minus Accumulated Depreciation. If the cost is $10,000 and accumulated depreciation is $3,000, the book value is $7,000. An asset's depreciable cost equals the asset cost minus salvage value. Tony purchases a truck with cost of $20,000 and salvage value of $4,000.The depreciable cost would be $16,000.he credit to Accumulated Depreciation Equipment reduces the book value of the asset. After the depreciation entry for year 1, the book value for the asset = $9,000 (asset cost minus Accumulated Depreciation).