Answer:
a)$367,500 b)$91,875 c)Nova will report a loss of $25* and Oscar's gain will be $91850.
Explanation:
a
)
Land will be recorded for section 704(b) book capital purposes = Fair market value = $367,500
Padgett also record the land at $367,500
b)Padgett's tax basis will will bwe same as that of Nova, i.e., $91,875
c)If Padgett sells the land several years later the built in basis of $91,875 will be taxed to Nova only.
so the gain of (551,200-367,500) 183700 divided in two equal parts of 91850 each.
but Nova will report a loss of $25* and Oscar's gain will be $91850.
* The built in tax inherent in contributed property will eventually be taxed to the contributor.
Answer:
what will happen to the output is that it will decrease due to less consumers and less money to find production, price levels drop(deflation) so will unemployment increase in the shelter on due to no jobs or money to create
Answer:
The total standard allowed input quantity given the good output produced is 15,800 pounds.
Explanation:
From the question, for every 4 pounds of material input, 1 pounds of styrofoam sheets is manufactured. This means that to produce x pound of good sheet, 4 times x material input would be required.
Therefore for the company to have produced 3,950 pounds of good sheets,
The material input
= 4 × 3950
= 15,800 Pounds
The company would have used 15,800 Pounds to produce 3950 pounds of good sheets. As such, the total standard allowed input quantity given the good output produced is 15,800 pounds.
Answer:
Increment in yield by 5%, implies a GDP development rate by 5%, A higher development rate implies an expansion underway from its earlier year.
A higher GDP development could possibly have an effect on the nations of lower GDP development. It impacting power relies upon the assets that are held by a country. EX; Afghanistan GDP development rate is 22%, with 5.6% and US at - 2.6 %. Here, we can see that these provinces with higher GDP development rate can't settle on any effect on US choices. Except if they have, an asset which is rare in US.
Yield development by 5% implies an expansion underway; it doesn't really mean an increment in profitability.
Creation can be expanded in two different ways.
1) By utilizing more work inputs.
2) By expanding work efficiency. Utilizing more work units can't impact the way of life.
Since the compensation rate will be pretty much steady. Be that as it may, an expansion in labor efficiency will build the pay pace of the work, expanding the way of life. So. an expands yield can't ensure an expansion in way of life and it won't develop in the extent of 5%.Since way of life relies upon level of training, future, per-capita buying power equality.
Answer:
$504,300
Explanation:
The total cost of the land that Shamrock Inc. purchased has to include:
- the actual price paid for the land: $490,000
- legal fees and real estate commissions: $2,600
- taxes due and permits, zoning fees, etc: $5,300
- site preparation (includes land grading): $6,400
The total cost of the land is: $504,300
