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Nostrana [21]
2 years ago
11

Pretend that you are a small business owner in the city of New London. Using the text you just read as well as your knowledge of

property rights and market-based economies, compose a two-paragraph letter to the editor that expresses your opinion about whether eminent domain was justly applied in the Kelo case. Be sure to include:
Business
1 answer:
Scilla [17]2 years ago
5 0

The Kelo case proved to be a revelation for many New Londoners about their property rights.

<h3>How to illustrate the information?</h3>

Dera editor,

Small business owners have to be careful to avoid falling under the radar of government development projects.

Until now, I was under the impression that eminent domain gave the government the right to take private property as long as it was for public use.

My assumption included that public use defined anything that the public could literally use. Apparently, the court went with a broader interpretation of public use under which “a taking is constitutional if it serves a public purpose” (Kelo v. City of New London).

This interpretation means public use includes anything that is deemed fit for public purpose, even though I or most citizens may not be able to directly use it.

This raises the concern of what all could fall under public use. I trust that the government won’t go on seizing private properties for its unrestrained use. However, the Kelo case still proves to be a matter of concern for me.

Learn more about eminent domain on:

brainly.com/question/9308155

#SPJ1

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SVETLANKA909090 [29]

Answer:

The Actual overhead in finished goods is $ 113,400

Explanation:

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= $112,320 + $1,080

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8 0
3 years ago
Vanessa contributed $20,000 of cash and land with a fair market value of $100,000 and an adjusted basis of $40,000 to Cook, Inc.
IRISSAK [1]

Answer:

Vanessa's tax basis in cook inc.           $50,000

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Now,

For the tax basis

             cash                                          $30,000

add;      Land ( adjusted basis )             $40,000

less ;     Mortgage                                  $20,000

============================================

Vanessa's tax basis in cook inc.           $50,000

============================================

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Answer:

Option (A) is correct.

Explanation:

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