subject
Business, 22.10.2019 23:50 brittanysanders

On july 1, 2018, ted, age 73 and single, sells his personal residence of the last 30 years for $368,000. ted's basis in his residence is $42,000. the expenses associated with the sale of his home total $22,000. on december 15, 2018, ted purchases and occupies a new residence at a cost of $175,000. calculate ted's realized gain, recognized gain, and the adjusted basis of his new residence.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:10
Auniversity spent $1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 400 kilowatts (kw) and have a life expectancy of 20 years. suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kwh), and that the marginal cost of electricity production using the solar panels is zero. hint: it may be easier to think of the present value of operating the solar panels for 1 hour per year first. approximately how many hours per year will the solar panels need to operate to enable this project to break even? a. a.3,696.48 b.14,785.92 c.9,241.20 if the solar panels can operate only for 8,317 hours a year at maximum, the project (would/would not)break even?
Answers: 1
question
Business, 22.06.2019 10:00
Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.
Answers: 2
question
Business, 22.06.2019 16:40
Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.
Answers: 1
question
Business, 22.06.2019 20:10
As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits
Answers: 3
You know the right answer?
On july 1, 2018, ted, age 73 and single, sells his personal residence of the last 30 years for $368,...
Questions
question
Chemistry, 04.11.2020 04:30
question
Mathematics, 04.11.2020 04:30
question
Mathematics, 04.11.2020 04:30
question
Mathematics, 04.11.2020 04:30
question
Mathematics, 04.11.2020 04:30
question
Mathematics, 04.11.2020 04:30
Questions on the website: 13722360