subject
Business, 07.04.2020 04:56 Chealyn

Tanya Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on the East Coast. On January 4, 2019, she exchanges it with Lisa Martin (an unrelated party) for undeveloped land on the West Coast and $3,000 cash. Lisa has an adjusted basis of $72,000 for her land, and its fair market value is $89,000. Because the real estate market on the East Coast is thriving, on September 1, 2020, Lisa sells the land she acquired for $120,000.

On January 4, 2019, Tanya's realized gain for the WestWest Coast is $ , her recognized gain is $ , and her adjusted basis is $ ,

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 16:10
Braverman company has two manufacturing departments—finishing and fabrication. the predetermined overhead rates in finishing and fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. the company’s direct labor wage rate is $16.00 per hour. the following information pertains to job 700: finishing fabrication direct materials $ 410 $ 60 direct labor $ 128 $ 48 required: 1. what is the total manufacturing cost assigned to job 700? 2. if job 700 consists of 15 units, what is the unit product cost for this job?
Answers: 1
question
Business, 21.06.2019 19:20
Which job role belongs in the middle management level? a. president b. chief executive officer c. department manager d. chief operating officer e. vice president
Answers: 1
question
Business, 22.06.2019 03:30
In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. poly and digit have finally found the crisp-collecting culprit — it turns out the jester's shoe size and hair color match the clues that were found! in gratitude, poly and digit agree to the servant with his current task of replacing all of the tables and chairs in the castle. his goal is to determine which furniture company should produce the new furniture. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. read the following scenario, and assist poly and digit as they the servant with his calculations. the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. the labor available is 565565 hours per week. the company can produce at most 3535 chairs per week.
Answers: 1
question
Business, 22.06.2019 19:00
Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is
Answers: 2
You know the right answer?
Tanya Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on...
Questions
question
Mathematics, 19.01.2021 20:40
question
Biology, 19.01.2021 20:40
question
Mathematics, 19.01.2021 20:40
question
Mathematics, 19.01.2021 20:40
question
English, 19.01.2021 20:40
Questions on the website: 13722359