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NemiM [27]
4 years ago
14

Alma is in the business of dairy farming. During the year, one of her barns was completely destroyed by fire. The adjusted basis

of the barn was $90,000. The fair market value of the barn before the fire was $75,000. The barn was insured for 95% of its fair market value, and Alma recovered this amount under the insurance policy (Insurance paid her $71,250 ) . Alma has adjusted gross income for the year of $40,000 (before considering the casualty). Determine the amount of loss she can deduct on her tax return for the current year.
Business
1 answer:
Alex787 [66]4 years ago
7 0

Answer:

$18,750

Explanation:

Adjusted basis of the barn $90,000

Less Insurance (71,250)

Loss $18,750

The fair market value of the barn before the fire was $75,000 ×95% barn insured barn of its fair market =$71,250

Therefore the amount of loss she can deduct on her tax return for the current year will be $18,750

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Republican economic policies under Warren G. Harding:_____________
kati45 [8]

Answer:

<em>OPTION (b)</em>

Explanation:

As we know that Warren G. Harding denied the policy of  laissez-faire, practiced on the time of 25th president of United States known as William McKinley. <em>Yes, it is very true</em><em> that Warren G. Harding motivated the government of United States consistently</em> to give assistance to the organizations and business parallel to the way to profit.  

<em>So , we can say according to the above explanation that OPTION( b) is the correct option.</em>

3 0
4 years ago
An investor is looking at two properties, but will only purchase one of them. Each is similar in utility and location, and has a
zhenek [66]

Answer:

contribution would be the answer :)

Explanation:

4 0
2 years ago
Lena Company has provided the following data (gnore income taxes); 2016 revenues were $77,000. 2016 expenses were $48,600. Divid
Ilya [14]

Answer:

Option (b) is correct.

Explanation:

(a) Net Income:

= Revenues - Expenses

= $77,000 - $48,600

= $ 28,400

(b) Retained earnings :

= Net Income - Dividend

= $ 28,400 - $7,700

= $20,700

(c) Stockholders' Equity:

= Total assets - Total Liabilities

= 185,000 - $105,000

= $80,000

Therefore, the retained earnings at December 31, 2016 were $20,700.

5 0
3 years ago
Read the first paragraph of "The Effectiveness<br> of Capital." What do you think productive means?
Ganezh [65]

Answer: Productive means having been able to gain in large amounts.

Explanation: In the first paragraph of “The Effectiveness of Capital” the productive means having been able to produce in a huge quantity or large numbers. Here being able to gain profits in a large amount is considered productive.

Producing any kind of goods in large numbers is productivity. The productivity of any good depends upon many factors. Like a productive worker has a lot of capacity to do a lot of work and hence he is able to give productive results in the end. With a great number of profits.

7 0
4 years ago
How the business can use creative thinking to solve business problems ​
Otrada [13]

Explanation:

People may think I'm not excellent or talented if I behave like a fool ,but I usually have many brilliant ideas to mu great business.

4 0
3 years ago
Read 2 more answers
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