Jack and diane decided to remodel their kitchen. they removed their old cabinets and replaced them with newer, nicer cabinets. they installed the old cabinets in a rental home that they own and lease to other people. the original cost of the old cabinets was $6,000. the fair market value on the date they were installed in the rental house was $2,500. the cost of the new cabinets was $11,000. what amount should jack and diane use as the basis for depreciation for the cabinets that have been installed in the rental property?

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?

What tax is paid by the most people in the united states