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Naya [18.7K]
3 years ago
14

Shawn exchanges a factory building for an apartment building in a qualifying like-kind exchange. The factory has a basis of $350

,000 and the apartment building has a fair market value of $320,000.a. What is Shawn’s realized gain or loss and the basis of the apartment building?b. What alternative could you suggest to Shawn?
Business
1 answer:
Setler [38]3 years ago
6 0

Answer:

a.$30,000

b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

Explanation:

a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building

Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred

b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

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Answer:

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Explanation:

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Hence, Residual Income = $18,000-$8,550

                                         =$9,450

Minimum required return represents the amount of returns that must be generated on investment to satisfy the expectations of providers of funds.

Residual income is what is left after dividends and interest have been paid to the various investors which can be retained for future investment.

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DENIUS [597]

Answer:

hazard pay

Explanation:

in the working field if your job is considered dangerous you get hazard pay for "potentially risking your life" while as ateacher there is not a similar threat.

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3 years ago
Jia yin notes that in many countries, industrial development is, more or less, nonexistent. she is taking note of the:
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