Steve drake sells a rental house on january 1, 2018, and receives $120,000 cash and a note for $45,000 at 10 percent interest. the purchaser also assumes the mortgage on the property of $35,000. steve's original cost for the house was $180,000 on january 1, 2010 and accumulated depreciation was $30,000 on the date of sale. he collects only the $120,000 down payment in the year of sale.
a.) if steve elects to recognize the total gain on the property in the year of sale, calculate the taxable gain. b.) assuming steve uses the installment sale method, complete form 6252 for the year of the sale. c.) assuming steve collects $5,000 (not including interest) of the note principal in the year following the year of sale, calculate the amount of income recognized in the current year under the installment sale method.

With q7 assume the sweet company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.and for q 10,11,13,and 14,assume that the company use department predetermined overhead rates with machine-hours as the allocation bade in both departements.7. assume that sweeten company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. what selling price would the company have established for jobs p and q? what are the selling prices for both jobs when stated on a per unit basis assuming 20 units were produced for job p and 30 units were produced for job q? (do not round intermediate calculations. round your final answers to nearest whole dollar.)total price for the job for job p -job q selling price per unit for job p q . how much manufacturing overhead was applied from the molding department to job p and how much was applied to job q? (do not round intermediate calculations.) job p job q manufacturing overhead applied for job p for job q . how much manufacturing overhead was applied from the fabrication department to job p and how much was applied to job q? (do not round intermediate calculations.)job p job q manufacturing overhead applied for job p for job q . if job q included 30 units, what was its unit product cost? (do not round intermediate calculations. round your final answer to nearest whole dollar.)14. assume that sweeten company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. what selling price would the company have established for jobs p and q? what are the selling prices for both jobs when stated on a per unit basis assuming 20 units were produced for job p and 30 units were produced for job q? (do not round intermediate calculations. round your final answer to nearest whole dollar.)total price for the job p for job q selling price per unit for job p for job q