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Phantasy [73]
2 years ago
11

all of the following are required for adverse possession except that it must be under a claim of right or color of title open an

d notorious use hostile to the true owner's title confrontation with the owner
Business
1 answer:
Alina [70]2 years ago
8 0

One thing that is not required for adverse possession is confrontation with the owner.

<h3>What is adverse possession?</h3>

Adverse possession refers to the way a person staying on a piece of land, can get the title to that piece of land from the owner by law. But they will need to meet certain requirements for them to be able to do so.

Some of these requirements include:

  • a claim of right or color of title
  • open and notorious use
  • hostile to the true owner's title
  • pay taxes

This means that for one to perform an adverse possession, there is no need for a confrontation with the owner of the land. One can simply get this done with the Courts.

Find out more on adverse possession at brainly.com/question/28167922

#SPJ1

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Steven's Auto is trying to decide whether to lease or buy some new equipment costing $23,000 that has a life of three years, aft
jolli1 [7]

Answer:

$1,241

Explanation:

For computing the net advantage to leasing first we have to determine the total cash flow from leasing and total cash flow from buying which is shown below:

For leasing:

Year       Lease payment      PVF at 5.8%    Present value

1              $6,500                   0.9452             $6,144

2             $6,500                   0.8934             $5,807

3              $6,500                  0.8444              $5,489

Total outflow                                                   $17,440

For buy:

Year      Outflow or inflow     PVF at 5.8%    Present value

0            ($23,000)                    1                      ($23,000)

1              $1,610                       0.9452             $1,522

2             $1,610                        0.8934             $1,438

3              $1,610                       0.8444              $1,359

Total outflow                                                   $18,681

Now the net advantage to leasing is

= Buy outflow - leasing outflow

= $18,681 - $17,440

= $1,241

7 0
3 years ago
In which scenario do homeowners use the equity in their home
rosijanka [135]

Answer:

A HELOC or home equity loan can be used to consolidate high-interest debts to a lower interest rate. Homeowners sometimes use home equity to pay off other personal debts such as a car loan or a credit card.

Explanation:

6 0
3 years ago
Read 2 more answers
Cash flows of two mutually exclusive projects are as follows. Project A costs $80,000 initially and will have a $15,000 salvage
son4ous [18]

Answer:

C. The present worth of project A is -$143,252.17

Explanation:

Present worth can be calculated using a financial calculator

For method A ,

Cash flow in year 0 = $80,000

Cash flow in year 1 and 2 = $30,000

Cash flow in year 3 = $30,000 - $15,000 = $15,000

I = 10%

Present worth= $ 143,335.84

For method B,

Cash flow in year 0 = $120,000

Cash flow in year 1 and 2 = $8, 000

Cash flow in year 3 = $8,000 - $40,000 = $-32,000

I = 10%

Present worth = $130,157.78

Method b would is chosen because it worth less.

To find the present worth using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

4 0
3 years ago
The following information is from the December 31, 2017 balance sheet of Jackson Corporation
blsea [12.9K]

Answer:Average issue price = $105--b

Explanation:

Preferred stock , $100 par = $260,000

number of shares issued =Preferred stock / par value preferred stock= =$260,000 / $100 = 2,600 shares

Paid in capital in excess of par = total issued price - preferred stock

total issued value =  paid in capital in excess of par preferred stock + preferred stock = 14,000 + 260,000=$274,000

Average issue price = Total issue price / number of shares issued = $274,000/ 2600= 105.38 =  $105

7 0
3 years ago
Eisenhower Corporation purchased a patent for $1,850,000 on November 30, 2015. It has a remaining legal life of 18 years. Eisenh
adoni [48]

Answer:

The correct option is c $1,593,056.

Explanation:

Patent : The patent is an intangible asset in which amortization is to be charged every year till its useful life. An intangible asset is also known as long term asset which cannot be seen or even touched.

As in the given question the patent is purchased on November 30 but we have to reported on the December 31, 2015, so the total months between them is 25 months.

And, the remaining useful life of patent is 15 years we have to convert the years into months .

So, 15 × 12 months in a year = 180 months.

Since, for 180 months the $1,850,000 is given, we have to compute for 25 months. The computation is shown below:

= ($1,850,000 × 25) ÷ 180

= $256,944

Hence, the balance would be Purchase cost - amortization expense

= $1,850,000 - $256,944

= $1,593,056

Thus, the correct option is c $1,593,056.

3 0
2 years ago
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