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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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​Valley, Inc. has​ 9,000 shares of preferred stock outstanding. The preferred stock has a​ $90 par​ value, a​ 14% dividend​ rate
EastWind [94]

Answer:

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3 years ago
When everyone correctly anticipates that the Fed will buy government securities, then they know that prices will increase. Which
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C. Producers will prevent the price level from increasing and hurting their sales.

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not smooth functioning.

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Answer:

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