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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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coldgirl [10]

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The frequency of tweets associated with crime is then compared against the variety of murders, the homicide fee, or the extent of worry of crime as recorded in surveys. results display that, like mass media, consisting of newspapers, social media suffer from a robust bias toward violence.

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5 0
2 years ago
Helen worked for ABC Motors for 25 years. The president of ABC said to her: "In consideration of your past service for 25 years,
anastassius [24]

Answer:

No, legal consideration is absent

Explanation:

According to the given situation, the President of ABC company was promised to Helen to give a new car next week as Helen worked for 25 years. But the president did not give the car as he promised to the Helen.

In this case, there was a promise which was verbal, not in the way of legal consideration, which means there is no proof so that Helen can claim from the president.

Therefore the correct answer is No, legal consideration is absent

8 0
3 years ago
You have agreed to loan some money to a friend at a simple interest rate of 150% which is outrageous but still about half of the
Cerrena [4.2K]

Answer:

We give our friend 437.5 dollars

Explanation:

We have to discount from 500 dollar the interest over time, as the 500 is the value our friend will return in 4 weeks ( a month) not the amount received Hence:

nominal x discount rate x time = discount

being rate and time in the same metric

rate is annual so we express time in portion of a year

500 x -1.5 x 1/12 = -62,5‬

We have to discount 62.5 dollar from the nominal

nominal less discount = present value

500 - 62.5 = 437.5

8 0
4 years ago
The consumer price index (CPI) for a given year is the amount of money in that year that has the same purchasing power as $100 i
mr Goodwill [35]

Answer:

CPI (n) = 234.1 x 1.023ⁿ

Explanation:

Let P be an exponential function of n (time) with a base a:

Consumer price index = P₀ x aⁿ

where

P₀ is the CPI when n = 0, P₀ = 234.1

a = 1 + r (rate of increase) = 1 + 2.3% = 1 + 0.023 = 1.023

the CPI will increase as n increases

CPI (n) = P₀ x aⁿ = 234.1 x 1.023ⁿ

5 0
3 years ago
What are some of the ‘temptations’ a room attendant needs to resist when he/she has access to a guest’s room?
trasher [3.6K]
By room attendant, u mean housekeepers? If so touching any personal items, stealing, snooping, etc.
8 0
3 years ago
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