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kozerog [31]
3 years ago
9

Alejandro purchased a building in​ 1985, which he uses in his manufacturing business. Alejandro used the ACRS statutory rates to

determine the​ cost-recovery deduction for the building.​ Alejandro's original cost for the building is​ $500,000 and​ cost-recovery deductions allowed are​ $500,000. If the building is sold for​ $800,000, the tax results to Alejandro areA. $500,000 sec 1245 ordinary income and $300,000 sec 1231 gainB. $800,000 sec 1231 gainC. $500,000 sec 1245 ordinary incomeD. $500,000 sec 1245 ordinary income and $300,000 sec 1250 gain
Business
2 answers:
Ira Lisetskai [31]3 years ago
4 0

Answer:

A

Explanation:

bija089 [108]3 years ago
3 0

Answer:

Option A is the correct one.

$500000 sec 1245 ordinary income and $300000 sec 1231 gain

Explanation:

The total gain is $800000

800000-(500000-500000)

Of the total $800000 gain, $500000 gain will be treated as recapture of the depreciation taken under section 1245 and the remaining $500000 is traested as gain under section 1231 as the depreciatble property is used in business for more than 1 year .

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A company’s production budget requires the following units of a single product for the upcoming year: 1st quarter 60,000 units 2
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Answer:

165,000 pounds

Explanation:

A Purchase Budget is required to determine the quantities and cost of purchases required for use in production.

Materials Purchase Budget for Second Quarter (Pounds)

Budgeted Production Materials (80,000 x 2)                    160,000

Add Budgeted Closing Materials (90,000 x 2 x 25%)        45,000

Total Materials                                                                     205,000

Less Budgeted Opening Materials (80,000 x 2 x 25%)    (40,000)

Budgeted Material Purchase (pounds)                               165,000

Therefore,

Budgeted purchases of material for the second quarter would be 165,000 pounds

8 0
3 years ago
"in general, when constructing a resource loading chart, one should avoid:"
Maurinko [17]
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7 0
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As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo
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Answer:

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Explanation:

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"The best business portfolio is the one that ________.
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_____ represent the interests of union members in their relations with their immediate supervisor and other members of managemen
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