Ross lives in a house he received as a gift from his father. his father had lived in the house for 12 years. the adjusted basis of the house to his father was $160,000 and the fair market value at the time of the gift was $140,000. ross sells this residence after living in it for 18 months for $150,000 and purchases a new home for $125,000. he incurs selling expenses of $7,000. what is ross' recognized gain or loss and basis for the new residence

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is

Spirula trading inc sublets a part of its offices building to jade inc. for a period of ten years . where will the company disclose this information?

Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y