The word variable comes from a root word "vary" which means to differ or not constant. Now, applying this to the given item, the variable expense means the costs that changes. The answer is therefore the fourth choice.
Answer: $0 equipment, $20,000 land, $30,000 inventory, $90,000 partnership interest.
Explanation: The asset basis in the partnership between Xena and Xavier is the same same their basis. In the scenario above, Xena's basis is the same as Xena's partnership basis in asset.
Xena's asset basis include;
Cash = $20,000
Land basis = $40,000
Inventory basis = $30,000
Equipment basis = $0
Therefore Xena's basis in the partnership interest :
$(20,000 + 40,000 + 30,000 + 0) = $90,000
if you have a higher score you can get loans easy buy stuff and you will almost always qualify for the best interest rates
so the ANSWER:D
<em>Answer:</em>
hi! I believe your answer would be <em>Austria</em>. :]
