When marcus sent his daughter to college, he purchased a house near campus for $95,000. empty lots in the area sold for approximately $10,000 at the time. after she graduated, marcus decided to keep the house for use as a rental. the fair market value at the time of the conversion was $160,000 and the price of the land had risen to $20,000. the basis for depreciation of the house is ) $85,000(b) $95,000(c) $105,000(d) $140,000

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Michael works in an it firm that is well known for making innovative products. michael is asked to develop a product that would serve an unmet need. though he has many ideas for it, none of them quite fits the bill. he finally decides to stand back from the problem for a period of time and ceases to consciously think about the yet-to-be-developed product. after a week, as he looks over his notes, he realizes the solution. the period of time in which michael did not consciously work on the problem is referred to as

Who would be most critical of these statements about free trade agreements?