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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:

The correct answer is option D.

Explanation:

Adhira is purchasing two goods, chocolates and almonds.  

She buys 3 bars of chocolates and 4 bags of almonds.  

The marginal utility from the last bar of chocolate is 18.  

The marginal utility from the last bag of almonds is also 18.  

In order to maximize utility, the ratio of marginal utility and price for both the goods should be equal.  

As we do not know the price of the two goods or Adhira's income we cannot find if the utility is being maximized or not.

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Lostsunrise [7]

Answer:

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Explanation:

It is important to review your credit report frequently to spot errors. In such cases, you must the corresponding financial institutions to make the corrections necessary. If proof is needed you should send it. The objective is to <em>keep your information as accurate as possible</em> so your credit rating can increase every year.

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3 years ago
Federal income taxes are​ ________. A. added to arrive at an​ employee's net pay B. deducted to arrive at an​ employee's net pay
natulia [17]

Answer:

The correct answer is letter "D": deducted to arrive at an​ employee's net pay.

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When it comes to wages,<em> the federal income taxes are deducted from the gross income of workers resulting in their net payment which is the actual amount of money employees see in their checks</em>.

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