The following purchase transactions occurred during March for Rehoboth, Inc.:

Danny operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci

seropon [69]

Answer:

$4,600

Explanation:

Casualty loss deduction = Adjusted basis - insurance compensation = 5800-1200= $4,600

3 0

2 years ago

I dont get it can you help ye s didniit os good to dxuiowesxvuedhhgv0x difc id dv h 0oidv

Sever21 [200]

I don’t get it either jsjsvsusm ssnshwkwnnw skshwbjsj skjsbs djdhsnsj

8 0

2 years ago

Read 2 more answers

A broker's listing agreement specifies that a 5Â½% commission is to be paid on the sale price. The sales associate for the firm

tino4ka555 [31]

The amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.

Sales associate's commission

First step find the total commission

Total commission=$369,000 sale price × .055 rate

Total commission= $20,295

Second step find the sales associate's commission

Sales associate's commission=$20,295 total commission × .55 split

Sales associate's commission=$11,162.25

Inconclusion the amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.

Learn more about sales associate's commission here:brainly.com/question/930797

5 0

1 year ago

Other things the same, if the interest rate falls, then a. firms will want to borrow more, which increases the quantity of loana

Svet_ta [14]

Answer: (a).

Annexure: Since a part of the information was found missing in the question, a similar question has been provided as an attachment for reference.

If the interest rate falls with other things remaining constant, a firm would like to raise more money via debt instruments.

This will lead to an increase in the quantity of loanable funds demanded.

This would further lead to increase in the level of invested funds by the public as it would get cheaper for the corporates to avail loans.

7 0

3 years ago

Which of the following statements about depreciation is correct? When depreciation expense is incurred, cash balances are reduce

Ksju [112]

Answer:

The correct answer is letter "B": Depreciation reduces the book value of assets .

Explanation:

Depreciation shows how much and the value of the assets was used up. This also aims to balance an asset's cost to the revenue that the asset has helped the business gain. Used as an income tax deduction, depreciation calculations offer businesses an annual allowance for the use and deterioration of tangible (physical) assets.

Depreciation reduces the book value of assets because, after the depreciation calculation is done, the amount computed decreases the current value of the asset it represents.

6 0

3 years ago