Answer:
It would be C. video equipment technician
Explanation:
Answer: $61,500
Explanation:
Jerry's adjusted basis in his partnership interest at the end of the year is determined by adding his cash contributions, long-term capital gain, and qualified dividends to the original tax basis.
There will also be deductions of the non-deductible expenses, ordinary loss and his share of the reduction in partnership debt.
Jerry's adjusted basis at the end of the year = ( 44,000 + 26,000 + 3,600 4,600) - ( 2,100 + 9,000 + 5,600)
= 78,200 - 16,700
= $61,500
Answer:
Cost of Land is $104,000, cost of building is $653,000. The total cost is $757,000
Explanation:
The cost of the building will include the purchase price of the land and building and every other cost incurred in the process of making the land and building available for use.
However, every amount realized from the process will also be deducted from the cost of the land and building. To separate the cost of land from the cost of the building, we must identify the cost attributable to each of them
As such, the recorded cost on land
= $100,000 + $4,000
= $104,000
and cost of building
= $10,000 + $20,000 + $625,000 - $2,000
= $653,000
Answer:
$ 142 375
Explanation:
Thinking process:
Let the composite rate be given by the formula:
where
A = amount after interest
= interest rate
t = time
n = number of times (per year)
Therefore, this gives:
