Answer:
$306,835
Explanation:
Data provided
Legal fees paid = $2,435
Delinquent taxes = $15,100
Fees paid to remove old building = $19,400
Material salvage sold = $4,100
The computation of the cost of the land to be reported on the balance sheet is below:-
Amount paid to acquire adjacent lot = $27,000 + $247,000
= $274,000
Total cost of land = Amount paid to acquire adjacent lot + Legal fees paid + Fees paid to remove old building - Material salvage sold
= $274,000 + $2,435 + $15,100 + $19,400 - $4,100
= $306,835
Answer:
December 31, year 9
Explanation:
Here, we want to state that date that is possible for Milo to acquire qualified replacement property.
In order to avoid being taxed on a gain resulting from an involuntary conversion, the property subject to the conversion must be replaced within a specified time, measured from the end of the calendar year in which the proceeds are received.
Generally, the period is 2 years, but it is 3 years when the involuntary conversion results from government condemnation or eminent domain and is extended to 4 years when the loss is in connection with a declared federal disaster area.
We are told from the question that Milo received the recovery on January 2, Year 5, the property would have to be replaced within 4 years from the end of Year 5 or by December 31, Year 9
Depending on her area and expertise i would recommend a state website or a government approved agency
Answer:
Option D
Explanation:
Shop credit cards have similar functions as conventional credit cards. Through the account you make payments that can be paid out over period. Most retailers may provide rewards if you place an order with the credit card, or they can provide bonuses such as extra time back for your next order.
Yeah, in general words. Department stores cards appear to be safer than other unsecured loan cards issued by large credit card providers to just get accepted for. A discount card is not only affecting your ratings but plummeting your credit use. If you file for fresh credit, once the lender takes one of any credit files you usually get slapped with a rough request.
Answer:
See explanation section
Explanation:
See the images to get the answer
