![subject](/tpl/images/cats/ekonomika.png)
Derrick owns a farm in eastern North Carolina. A hurricane hit the area (a national disaster area was declared) and destroyed a fam building and some farm equipment and damaged a barn.
FMV
Item Adjusted Basis before FMV after damage Insurance Proceeds
Bulding $120, 300 $179, 400 0 $61,200
Equipment 80,200 59,3000 0 19,900
Barn 117,900 191,100 117,900 52, 800
Due to the extensive damage throughout the area, the president of the United States declared all areas affected by the huricane a disaster area. Derrick, who files a joint return with his wife, had $63,000 of taxable income last year. Their taxable income for the current year is $204,000, excluding the loss from the hurricane.
Required:
a-1. Calculate the amount of the loss deductible by Derrick and his wife.
a-2. What amount of loss should be adjusted against current and last year?
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 15:50
Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 21:00
China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 21:30
True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.
Answers: 1
You know the right answer?
Derrick owns a farm in eastern North Carolina. A hurricane hit the area (a national disaster area wa...
Questions
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 14.01.2022 19:10
![question](/tpl/images/cats/User.png)
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/himiya.png)
Chemistry, 14.01.2022 19:10
![question](/tpl/images/cats/mat.png)
Mathematics, 14.01.2022 19:10
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 14.01.2022 19:10
![question](/tpl/images/cats/en.png)
English, 14.01.2022 19:10
![question](/tpl/images/cats/health.png)
Health, 14.01.2022 19:10
![question](/tpl/images/cats/User.png)
SAT, 14.01.2022 19:10
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 14.01.2022 19:10
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 14.01.2022 19:20
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/User.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 14.01.2022 19:20
![question](/tpl/images/cats/mat.png)
Mathematics, 14.01.2022 19:20