City, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000.

The only expenses incurred associated with these items are rental expenses (which includes depreciation of $10,000) of $15,000. Calculate City, Inc.'s UBTI.

Question

City, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000.
  
The only expenses incurred associated with these items are rental expenses (which includes depreciation of $10,000) of $15,000. Calculate City, Inc.'s UBTI.

Quizplus · Accepted Answer

The Answer of City, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000.
  
The only expenses incurred associated with these items are rental expenses (which includes depreciation of $10,000) of $15,000. Calculate City, Inc.'s UBTI.

City, Inc, an Exempt Organization, Has Included Among Other Amounts the the Following