Carey exchanges real estate for other real estate in a qualifying like-kind exchange. carey's basis in the real estate given up is $120,000, and the property has a fair market value of $165,000. in exchange for her property, carey receives real estate with a fair market value of $100,000 and cash of $15,000. in addition, the other party to the exchange assumes a mortgage loan on carey's property of $50,000. a. calculate carey's recognized gain, if any, on the exchange. $ b. calculate carey's basis in the property received.

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

Select the correct answer. the word intestate means that a person has died with or without a will?

Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate