The answer for sure proximity !!
Answer: $104.78
Explanation:
Total allocated value per square foot = Selling price - land value - site improvement
= 482,500 - 150,000 - 25,000
= $307,000
Allocated value per square foot = 307,000/2,930
= $104.78
Answer:
(a) March 12, 2017
(b) Recognized gain = $15,000
(c) Adjusted basis = $450,000
(d) Recognized gain = $175,000
Mitchell basis = $625000
Explanation:
(a) March 12, 2017 is the earliest Mitchell can acquire a new restaurant and qualify for § 1033 postponement
(b) Assuming that he elects postponement of gain under § 1033, the recognized gain is calculated as;
Recognized gain = Award received - cost of land
=$625000 - $610,000
= $15,000
(c) From the question, Mitchell's adjusted basis for the new land and building is $450,000
(d) If Mitchell does not elect § 1033, his recognized gain is calculated as;
Recognized gain = Award received- adjusted basis for the building
=$625,000 - $450,000
=$175,000
Also,Mitchell basis for the new land and building is $625000
Answer:
Age weighted 529 plan.
Explanation:
This approach of or form of child investment option is said is seen to be of a form of protection to parents who has older children while patents that their wards are younger are seen to cash out on greater returns in future time which is seen to occur by maintaining higher concentration in stocks over time. This is is aid to be of two different types which is the prepaid plan etc. Portfolios of this kind also are seen to possinly include static fund portfolios and age-based portfolios.
Answer:
it lowers the payout the company has to make.
