Answer:
$0
Explanation:
Given that
Sue contributed amount = $18,000
FMV of land = $63,000
Basis in land = $28,000
Andrew contributed amount = $20,000
FMV of Building = $41,000
Basis in equipment = $16,000
Basis in building = $28,000
Based on the above information, the gain that would be recognized is $0 as Partnerships recognize no gain on receiving contributed valued property. At the disposal of the asset, the constructed-in benefit or constructed-in loss will be revealed. For this, the partnership basis property i.e being acquired should be based on a carryover basis.
With Straight line of amortization, the amount applied toward the principal remain the same each month, with the interest amount varying according to the outstanding loan balance.
<h3>
What is amortization?</h3>
- Spreading payments across a number of time periods is known as amortization in business.
- Both the amortization of debts and the amortization of assets fall under this umbrella phrase.
- In the latter instance, it refers to spreading out the cost of an intangible asset over time (for instance, throughout the course of a 20-year patent term, $1,000 would be recorded each year as an amortization expense if $20,000 was initially spent producing a product).
- As defined by an amortization schedule, amortization in the context of lending is the division of loan repayments into a number of cash flow instalments. Unlike other repayment plans, this one includes principal, interest, and occasionally fees if they weren't paid at origination or closing.
To learn more about amortization with the given link
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Answer:
D) $500 loss
Explanation:
The computation of the realized value on the investment is shown below:
= Number of shares × premium
= 100 shares × $5
= $500 loss
Since the call is for 125 shares for $125 and the selling price per share is $123 due to which the contract is not implemented. So the premium amount would be recorded as a loss of $500
Answer:
D. Mangrove forests tend to increase the commercial fish populations in coastal fishing grounds
Explanation:
From the scenario, we can see that
''Loss of the Gocha mangrove forests has caused coastal erosion, reducing fish populations and requiring the Gocha Fishing Cooperative (GFC) to partially fund dredging and new shore facilities.''
From the above extract of the scenario it is clear that loss of mangrove forests reduces fish population. If the foregoing is true, then reduction in fish population implies reduction in the revenue of the Gocha Fishing Cooperative. Secondly the loss of mangrove forests has not only led to loss of revenue due to less fish but also increase in cost by having to fund dredging
Therefore, based on the fact that loss of mangrove leads to loss of fish and by extension revenue, planting more trees will lead to more fish and more revenue, apart from the fact that the cost of dredging will not have to be incurred leading to greater revenue.
Answer:
Explanation:
Under the 2002 law, states are required to test students in reading and math in grades 3–8 and once in high school. ... The major focus of No Child Left Behind is to close student achievement gaps by providing all children with a fair, equal, and significant opportunity to obtain a high-quality education.
o Child Left Behind gives states and school districts the flexibility to use funds where they are needed most. ... NCLB also mandates that all teachers should be licensed to teach, hold at least a bachelors degree, and be highly qualified in the subject they are teaching.
