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guapka [62]
2 years ago
15

Zeke's Zipline Adventures sold a bus used in the business for $16,000. Zeke's original cost of the bus was $15,000 and the adjus

ted basis at the time of sale was $13,600. Zeke received $4,000 at the time of sale. He will receive $8,000 next year and the remaining $4,000 in the following year.
How much gain will Zeke recognize in the current year?
Business
1 answer:
elena55 [62]2 years ago
6 0

Answer:

sorry, i just want the points.

Explanation:

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BSW Corporation has a bond issue outstanding with an annual coupon rate of 7 percent paid quarterly and four years remaining unt
Furkat [3]

Answer:

$788.35

Explanation:

In this question, we use the present value formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Future value = $1,000

Rate of interest = 14% ÷ 4 quarters = 3.5%

NPER = 4 × 4 quarter = 16 years

PMT = $1,000 × 7% ÷ 4 quarters = $17.50

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer would be $788.35

4 0
3 years ago
How can you reach the best version of yourself?
forsale [732]

Answer:

A and B

Explanation:

Unless you can choose B by itself then go with A and B.

4 0
2 years ago
Read 2 more answers
What will be the depreciation, via the straight line method, if the cost of a plant is $43,250, estimated disposal value is $3,2
Alinara [238K]

Answer:

depreciation expense per year 8,000

Explanation:

<u>The first step,</u> is to calculate the depreciable amount for the asset:

cost - salvage value = amount subject to depreciation

43,250 - 3,250 = 40,000 = depreciable amount

<u>Then,</u> we calculate the depreciation per year:

depreciable amount/ useful life = depreciation per year

40,000/5 = 8,000

In some particular cases, the first year the asset enter the accounting it could be for a period of half the accounting period, so only half-year depreciation is appliedon the first year.

7 0
3 years ago
Which of the following is considered a constructive delivery of a gift?
Hoochie [10]

Answer:

A) giving the key to a safe-deposit box where the gift is kept

Explanation:

  • A Constructive delivery possession is that acquisition when here a symbolic transfer of property. The constructive distribution of the possession is basically a right that the property is not actually managed
  • But the donor has done something to convey the possession, but the property is of such a nature that physical possession is then not possible, the creative possession of the property is sufficient to carry out the act of gift.
7 0
3 years ago
Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might th
Ronch [10]

Answer:

For example, Brexit. Brexit refers to the UK retreat from the European Union, one of the most famous economic unions in the world. The economic implications of Brexit are numerous, ranging from the new tariff regulations to the regulated movement of people and animals through the newly established borders.

As for individuals, let's see the example of an EU citizen seeking a Master's degree in the UK. That student may face a different tuition fee when applying after Brexit.

5 0
3 years ago
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