In 2016, Ryce contributes nondepreciable property with an adjusted basis of $60,000 and a fair market value of $95,000 to the Montgomery Partnership in exchange for a one-half interest in profits and capital. In 2017, when the property’s fair market value is $100,000, the partnership distributes the property to Jarvis, the other one-half partner. Which partner must recognize a gain and what is the amount recognized? What is the effect on that partner’s basis in the partnership interest?

Ryce must pay tax on the $ built-in gain in 2017. He increases his basis in his partnership interest by the gain recognized.

30 points! i am confused. what does it mean by game time? you can use a table of random numbers or a random number generator to create random samples. also, you can obtain random samples directly using wolframalpha.com. for example, typing in randomsample[{1,2,3,4,5},2] will give you a sample of size 2 from the list {1,2,3,4,5}. a sample result is {1,5}. refreshing the page will generate a new random sample of size 2. 2. create five random samples of size two from the population. record the game times for the samples and calculate the mean game time of each sample. 3. create 5 random samples of size 11 from the population. record the game times for the samples and calculate the mean game time of each sample.

Four airplanes carrying a total of 400 passengersarrive at the detroit airport. the airplanes carry, respectively,50, 80, 110, and 160 passengers.a) one of the 400 passengers is selected uniformly at random.let x denote the number of passengers that were on theairplane carrying the randomly selected passenger. find var(x)for x as given in the problemb) one of the 4 airplane drivers is also selected uniformly atrandom. let y denote the number of passengers on the chosen driver’s airplane. find var(y) for y as given in the problem

Solve 2^x=32 and rewrite this equation in a logarithmic form