Business, 24.06.2020 19:01 fernandezvela27
If property is inherited by a taxpayer, Group of answer choices At sale date, the basis of the property to the recipient differs depending on whether the property was sold at a gain or a loss. At sale date, the recipient will not have a gain or loss even if the recipient has held the property for more than a year. To the recipient, the basis for the property is the same as the basis to the decedent. In general, the basis to the recipient is the fair market value at the decedent’s date of death.
Answers: 3
Business, 21.06.2019 22:20
Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?
Answers: 2
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
Business, 22.06.2019 11:30
Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.
Answers: 1
Business, 22.06.2019 21:10
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
If property is inherited by a taxpayer, Group of answer choices At sale date, the basis of the prope...
History, 29.09.2019 04:30
Chemistry, 29.09.2019 04:30
English, 29.09.2019 04:30
Biology, 29.09.2019 04:30
Social Studies, 29.09.2019 04:30
Mathematics, 29.09.2019 04:30
English, 29.09.2019 04:30
English, 29.09.2019 04:30
Mathematics, 29.09.2019 04:30
Physics, 29.09.2019 04:30
Social Studies, 29.09.2019 04:30
History, 29.09.2019 04:30
Social Studies, 29.09.2019 04:30
Chemistry, 29.09.2019 04:30
Mathematics, 29.09.2019 04:30
English, 29.09.2019 04:30