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Vladimir79 [104]
3 years ago
10

LO.9 Renata Corporation purchased equipment in 2017 for $180,000 and has taken $83,000 of regular MACRS depreciation. Renata Cor

poration sells the equipment in 2019 for $110,000. What is the amount and character of Renata’s gain or loss?
Business
1 answer:
Pani-rosa [81]3 years ago
7 0

Answer:

It will be considered a long-term capital gains as Renata Corporation holded for a priod of time longer than a year.

The gain will be the difference between tax basis (cost - tax purporse depreciation) which amount to $13,000

Explanation:

selling price           110,000

180,000 - 83,000 = 97,000 tax basis

long.term capital gain 13,000

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Answer:

Explanation:

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Therefore amount to pay = $3+$100=$103

7 0
3 years ago
Problems with capacity and consent:
Natalija [7]

Answer:

The correct answers are: 1. voidable, 2. capacity, 3. consent

Explanation:

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The consent is the manifestation of will of the parties, consisting of the concurrence of the offer and its acceptance, on the object and the cause of the contract. Any consent given by error, violence, intimidation or intent is void.

The purpose of the employment contract is the provision of paid services for others. Services contrary to laws or good customs, nor those that are outside the trade of men, cannot be subject to the contract.

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3 years ago
A country's export ratio is Group of answer choices The ratio of imports to GDP. The ratio of imports to exports. The ratio of t
Assoli18 [71]

A country's export ratio is the ratio of imports and exports.

<h3>What is the export ratio?</h3>

Export ratio is the ratio of import to export. Export would comprise of goods and services produced in the US that are been sold to foreign countries. Import would comprise of foreign produced goods and services that are been sold in the US

To learn more about imports, please check: brainly.com/question/26497713

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4 0
2 years ago
Give an example of a product you would like to make and sell (like coffee - just pretend). What are some of the variable costs,
Kitty [74]

Answer:

Missing word "b. What are some of the product costs versus period costs?  c. What are the direct materials, direct labor, manufacturing overhead costs?"

a. The variable cost of making/production of a coffee will include direct material like coffee seeds or bean and seasoned labor wages required to farm coffee. The fixed costs will include cost like salary cost of permanent employees like supervisors. Mixed cost will include costs of operating a tractor in farm on rent, where rent would be a fixed cost and cost of running it from petrol or diesel would be a variable cost.

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3 0
3 years ago
The automobile company announced that the average price of next year's models would decrease four-tenths of one percent, amounti
BlackZzzverrR [31]

Answer:

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Explanation:

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