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marin [14]
3 years ago
6

The recapture of depreciation changes the character of the gain on a Section 1231 asset from a(n) _________ gain to ________ inc

ome.
Business
1 answer:
BlackZzzverrR [31]3 years ago
5 0

Answer:capital

ordinary

Explanation: A section 1231 asset is a kind of property that is held for more than one year as defined by section 1231 of the United States Internal Revenue Code. This property is real or depreciable assets. Section 1231 assets include: buildings, land, machinery, livestock, leaseholds etc.

For the recapture of depreciation to exist there must be a sale of a section 1231 sold at a gain. However the gain that is realised must be reported as an ordinary income for tax purposes. Thereafter if the selling price of this asset is higher than the tax basis then the difference is essentially recaptured. This done by changing it from a capital gain to ordinary income.

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no they should not   100% correct

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The government’s authority at all levels to ensure the health, safety and welfare of its citizens, which includes the control of
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Police Power

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Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Su
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1. If Donny and Sunshine both increase their capital equipment by one mixer and one fryer, the shop that will benefit the most from the expansion is <u>a. Donny, because his workers were not as busy to start with.</u>

2. The most realistic expectation that Donny should have about increased production with the new equipment is <u>a. At least 100 dozen.</u>

3. The most realistic expectation that Sunshine should have about increased production with the new equipment is <u>c. At least 100 dozen.</u>

<h3>Productive Efficiency</h3>

Based on the economic concept of productive efficiency, Sunshine cannot produce more than 90 dozen doughnuts per equipment daily, unlike Donny, which can produce 100 dozen doughnuts per equipment daily. When the equipment is increased by both producers, all things remaining equal, the production increases are as follows:

<h3>Data and Calculations:</h3>

                                                                 Donny          Sunshine

Dozens of doughnuts/per day                  100                  180

Number of mixer and fryer                            1                      2

Productivity per equipment set                100                   90 (180/2)

Productivity per additional equipment   200 (100 x 2)  270 (90 x 3)

Thus, the conclusion is that Donny is more efficient in producing doughnuts than Sunshine, given that its workers can produce 100 dozen doughnuts per day, using one mixer and one fryer against Sunshine's 180 dozen doughnuts, using two mixers and two fryers.

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