Answer: $36,000 loss
Explanation:
Purchase cost = $250,000
Freight charges = $3500
Installation charges = $2500
Maintenance cost = $5000
Depreciation = $25000
Offered price = $200,000
Total cost incurred = $(250,000 + 3500 + 2500 + 5000)
Total cost incurred = $261,000
Depreciation = $25,000
Book value of equipment = $261,000 - $25,000 = $236,000
Gain/loss = Book value - offered price
Gain/Los = $236,000 - $200,000
$36,000 loss
Answer:
b
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Answer:
A. $0
Explanation:
The Tax Cuts and Jobs Act eliminated personal exemptions starting 2018. It also increased standard deductions though. For example, the standard deduction for married filing jointly for 2019 was $24,400. This is a significant increase if you consider that the standard deduction for married filing jointly in 2017 was $12,700.
Answer:
i believe the answer would be b
Explanation:
if its life insurance that's something that people have just i case something happens to them that way their family would still be taken care of. hope this helps!
Answer: Option 3. Warehousing
Explanation: Warehousing can simply be defined as a situation whereby banks and other lenders make mortgage loans to consumers for the purpose of quickly selling those loans on the secondary market and furthermore, "warehousing" happens when individual loans are bundled, often with a common element such as the size of the mortgage or credit worthiness of the borrowers, and sold as a single unit.
