<span>Arlington originally purchased the machinery for $60,000 and it had an adjusted basis of $28,000 at the time of the exchange. The new machinery had a fair market value of $35,000. Arlington also received $2,000 of office. Arlington's gain or loss recognized on the exchange is $2,000.The gain recognized is the lesser of the fair market value of the boot ($2,000 of office equipment) or realized gain of $9,000</span>
It is passed to the citizens. Inside the administration area, cost portion is utilized most normally to recover circuitous cost repayments from the government, through the making of a cost allotment design. And, for catching full cost of administration to charge different subsidizes inside the office to get repayment for the organization's general store.
<span>The amount that consumers are willing to pay and a reasonable margin are both factors that must be considered. If the price is too high, the number of sales will decline because less customers will purchase the item. But if the profit margin is not sustainable, then the business will suffer from low profitability, which could put the retail business success and longevity at jeopardy.</span>
Answer: Option D
Explanation: In simple words, these are accounts from which the cash flows are not stable and there is no guarantee that the entity will be able to get that benefit in the next accounting period.
The word "temporary account" applies to materials found on your statements of income, such as income and expenditure. Unlike regular accounts, temporary accounts must be ended to start the new accounting cycle with zero balances at the end of your company's accounting period.
Hence from the above we can conclude that the correct option is D.
