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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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On January 30, 2014, your parents lent you $400. On January 30, 2015, you repaid the loan by writing your parents a check for $4
grandymaker [24]

Answer:

The annual interest rate charged would be 8%

Explanation:

The annual interest rate which is charged by the parents for the loan is computed as:

Interest rate = (Amount repaid for loan - Lent amount by parents) /Lent amount by parents × 100

where

Lent amount by parents is $400

Amount repaid for loan is $432

Putting the values above:

Interest rate = ($432 - $400) / $400 × 100

Interest rate = $32/ $400 × 100

Interest rate = 0.08 × 100

Interest rate = 8%

4 0
3 years ago
According to the most recent data available, there are approximately ____ noncustodial mothers in the united states.
kodGreya [7K]
<span>According to the most recent data available, there are approximately two million noncustodial mothers in the united states.
</span>

<span>A custodial parent is the term for a parent who has lawful and physical guardianship of their kid. There are around 13.7 million single guardians in the United States. Of these single parents, 84% of custodial guardians are moms and 16% are fathers. A non-custodial parent does not have legitimate or physical guardianship of their kids, which is typically chosen by a court. Half of non-custodial moms are thoroughly default on help, which implies they struggle or can't pay for the help their families need.</span>

3 0
4 years ago
As the Product Life Cycle curve approaches the decline state, a company can attempt to jumpstart the curve again by doing which
ExtremeBDS [4]

Answer:

correct answer is a. Find new users and new uses

Explanation:

As Product Life Cycle curve approach decline state

so company jump start by doing Find new users and new uses for the product help to attract the new target market and with the help of new style to product and usages so that it can increase sale and profits

and that company can do by change the element of its marketing mix as some excellent product last long in market that full fill to trends

so here correct option is a. Find new users and new uses

7 0
3 years ago
An example of this operating expense is checkout counters.
ollegr [7]
Im pretty sure its 2) Fixtures

Sorry if its wrong
7 0
3 years ago
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Gillian is easily impressed by make-up which claims to be manufactured with the use of crystals, but without really wondering ab
Ivan

Answer:

Corpus Callosum

Explanation:

A large bundle of axon fibers. Connects left and right sides of brain. Thickens during adolescence, increasing ability to process information.

5 0
3 years ago
Read 2 more answers
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