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OlgaM077 [116]
3 years ago
13

In an exchange, archie gave up his fully depreciated business-use dump truck (fmv $15,000) and $5,000 for a newer business-use d

ump truck (fmv $20,000). what is the gain realized and recognized on the exchange?
Business
1 answer:
TiliK225 [7]3 years ago
5 0

Answer:

The realized gain is 0

Explanation:

The fair market value of the truck that archie gives up is $15,000 and the new truck he gets has a fair market value of $20,000. Archie also gives $5,000 in cash plus his old truck in order to buy the new truck.

Gain= Fair market value of new truck -Fair market value of old truck - Cash paid

Gain = 20,000-15,000-5,000

Gain = 0

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Laura's father, Albert, gave Laura a gift of 500 shares of Liba Corporation common stock in 2017. Albert's basis for the Liba st
Vikentia [17]

Answer:

B) $3,000

Explanation:

Since Laura acquired this property (stocks) by gift, her basis for loss will be $3,000 which is equal to the fair market value at the time she received the gift. If she had made a gain with this transaction, her basis for gain would have been the $4,000 of her father's basis.

7 0
3 years ago
ELO Corporation purchased a patent for $135,000 on September 1, 2019. It had a useful life of 10 years. On January 1, 2021, ELO
LUCKY_DIMON [66]

Answer: $30,000

Explanation:

Amortization from September 1, 2019 - January 1, 2021 :

September 1, - december 31 = 4/12 = 0.333333

(1 + 0.333333) × (135000 × 10) = $18,000

Value left before patent defense :

$(135,000 - 18,000) = $117,000

Amount reported for patent amortization expense 2021:

$(117,000 + 33,000) ÷ 5

$150,000 ÷ 5 = $30,000

7 0
3 years ago
which analytics feature relies on machine learning for measuring conversions that can't be spotted through direct observation?
sergij07 [2.7K]

Modeling is the analytics feature relies on machine learning for measuring conversions that can't be spotted through direct observation.

<h3>What do analytics mean in everyday language?</h3>

Analytics is a subfield of computer science that employs mathematics, statistics, and machine learning to find meaningful patterns in data. The process of sifting through massive data sets to discover, comprehend, and disseminate new information is known as analytics, also referred to as data analytics.

<h3>What is the definition of "analytics"?</h3>

Data analytics is the process of examining data sets to spot trends and draw conclusions about the information they contain. More and more often, data analytics is done with specialized hardware and software.

To know more about Analytics visit:

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3 0
1 year ago
Henry Ford once said, "If I had asked people what they wanted, they would have said faster horses." The invention of the car is
Shkiper50 [21]

<u>Answer: </u>

The invention of the car is an early example of disruptive technologies.

<u>Explanation: </u>

  • The technologies that successfully break a certain long-running trend to start another successfully can be termed as disruptive technologies.
  • The rate of acceptance of such technologies is initially the lowest but they thrive very soon to completely replace the existing methods in use.
  • Disruptive technologies are often more efficient than their older alternatives and that is why they are deemed as profitable.
5 0
3 years ago
Tami Strand’s regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a J
valentina_108 [34]

Answer:

<em />

<em>wages expense         600.00 debit</em>

<em>wages income tax payable 88.00 credit</em>

<em>FICA tax payable                 45.90 credit</em>

<em>wages payable                   466.10 credit</em>

<em>--to record accrued wages for Tami Strand's--</em>

<em />

<em>wages payable 466.10 debit</em>

<em>             cash                      466.10 credit</em>

<em>--to record payment to Tami Strand's--</em>

<em />

Explanation:

Tami wages for the week:

40 hours x $10 rate =        400 dollars

10 hours x $20 rate =       <u> 200 dollars</u>

<em> total wages for the week 600 dollars</em>

<em />

<em>FICA tax: 600 x 7.65% = 45.9</em>

<em />

<em>gross pay                    600.00 dollars</em>

<em>income tax witholding 88.00 dollars</em>

<em>FICA tax                    </em><u><em>   45.90 dollars </em></u>

<em>net pay:                      466.10 dollars</em>

6 0
3 years ago
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