Brandon, an individual, began business four years ago and has sold §1231 assets with $5,000 of losses within the last 5 years. brandon owned each of the assets for several years. in the current year, brandon sold the following business assets: asset original cost accumulatedmachinery $30,000 $7,000 $10,000land 40,000 0 20,000building 90,000 20,000 (5,000)assuming brandon's marginal ordinary income tax rate is 35 percent, what effect do the gains and losses have on brandon's tax liability?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak