On november 4, 2017, blue company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. in 2017 and 2018, respectively, blue took $642 and $5,128 of cost recovery. these amounts were incorrect; blue applied the wrong percentages (i. e., those for 39-year rather than 27.5-year assets). blue should have taken $910 and $7,272 cost recovery in 2017 and 2018, respectively. on january 1, 2019, the asset was sold for $180,000.
enter the values for each item below. if required, round all computations to the nearest dollar.
a. the adjusted basis of the asset at the end of 2018 is $.
b. the cost recovery deduction for 2019 is $.
c. on the sale of the asset in 2019 is $

A) The asset's cost was $200,000 in 2017

minus recovery costs for 2017 and 2018 ($910 + $7,272 = $8,182)

cost basis at December 31, 2018 = $200,000 - $8,182 = $191,818

B) the recovery cost for 2019 = $200,000 x (1 / 27.5) x (0.5 / 12) = $303

C) the asset's basis on the date of sale is = $191,818 - $303 = $191,818

Sales price - asset basis = $180,000 - $191,818 = $11,515 loss

Blue Company lost $11,515 when it sold the asset.

answer with step-by-step explanation:

a. wx is perpendicular to xy - true:

(since x is adjacent to x and y and all angles are 90 degrees in a square, therefore wx is perpendicular to xy)

b. ∠w is congruent to ∠x - true:

(all angles in a square are equal to each other)

c. ∠w is supplementary to ∠x - true:

(∠w and ∠x both are right angles which add up to 180 degrees so they are supplementary angles)

d. wxyz is a rhombus - true:

(a rhombus has all sides equal in length and so has a square so it is a rhombus)

e. wxyz is a trapezoid - false:

(a trapezoid has only one pair of parallel sides while a square has two pairs of parallel sides)

f. wx is parallel to yz - true:

(wx and yz are parallel to each other)

a a car

~courtney

brainliest?