Answer:
$4,600
Explanation:
Casualty loss deduction = Adjusted basis - insurance compensation = 5800-1200= $4,600
Answer: It means business is at the peak point or peak phase
Explanation:
Peak phase or peak point refers to the point in which the increase in growth rate of business cycle reaches its maximum limit. Economic factors such as production, profit, sales, and employment, are higher, but tend not to increase further.
In peak phase, demand gradually decreases due to increase in the prices of input because an increase in input leads to increase in the price of product without a corresponding increase in the income of customers.
As a result of the increase in price, the customer restructure their budget and this may lead to a fall in demand.
More than 31 days but less than 180 days. The employee must apply for reinstatement within 14 days after completion of military service.
<h3>How many days a year is active duty work?</h3><h3>Types of Military Leave</h3>
An employee can carry over a maximum of 15 days into the next fiscal year.
5 U.S.C. 6323 (b) provides 22 workdays per calendar year for emergency duty as ordered by the President, the Secretary of Defense, or a State Governor.
<h3 /><h3>How many leave days can you carry over in the Army?</h3>
A special leave accrual allows Soldiers who have served between March 11 and Sept. 30 of 2020 to carryover up to 120 leave days of leave into fiscal year 2021, doubling the normal carryover limit of 60 days.
<h3>To learn more about reinstatement visit:
brainly.com/question/10730254</h3><h3 /><h3>#SPJ4</h3>
Answer: $400,000
Explanation:
According to Section 179 on deducting Expenses issued by the IRS, a company may deduct the cost of certain assets when they are first put into service.
The Assets include tangible assets such as equipment and machinery so long as they are purchased for business use.
Skip bought the equipment for $400,000 and as such can deduct this entire amount under Section 179.