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mestny [16]
3 years ago
14

The value of Terrah's personal residence has declined significantly because of a recent forest fire in the area where she lives.

The fire was a Federally declared disaster. Terrah's house suffered no actual damage during the fire, but because much of the surrounding area was destroyed, the value of all of the homes in the area declined substantially.Can Terrah take a casualty loss for the decline in value of her residence caused by the fire?__ because the decline in value of her residence ___ meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss
Business
1 answer:
Airida [17]3 years ago
5 0

Answer:

<u>No</u> because the decline in value of her residence <u>does not</u> meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

Explanation:

Terrah's house suffered no actual damage because of a recent forest fire in the area where she lives. Terrah cannot take a casualty loss for the decline in value of her residence caused by the fire as the decline in value of her residence dose not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

Final answer:

<u>No</u> because the decline in value of her residence <u>does not</u> meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

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The nominal interest rate is 6 percent and the inflation rate is 3 percent. What is the real interest rate
rusak2 [61]

Answer:

3%

Explanation:

real interest rate ≈ nomial interest rate - inflation

ratereal interest rate ≈ 6 - 3 ≈ 3%

Please mark as brainliest if you find this useful, I need it to rank up

5 0
2 years ago
Jessica from the legal team needs to make a presentation on intellectual property rights. She is making this presentation for co
ioda

Answer:

Jessica should utilize the advice offered by Alison to edit her presentation slides, removing unnecessary details.

Explanation:

Editing the presentation will enable Jessica to get rid of unnecessary and unwanted stuff.  It will also ensure that the presentation is error-free and achieves grammatical accuracy.  Presentation slides should not be detailed since the required details are usually given during the proper presentation.

3 0
3 years ago
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units duri
alexandr402 [8]

Answer:

Equivalent units

Materials              10,200

Covnersion Cost   9, 100

Explanation:

\left[\begin{array}{cccc}&$Physical Units&$Materials&$Conversion\\$Beginning&2,000&0.6&0.4\\$Transferred out&9,000&&\\$Ending&3,000&0.8&0.3\\$Equivalent Units&&10,200&9,100\\\end{array}\right]

The equivalent units will be calcualte as follow:

 transferred out

 ending x completion

<u>  (beginning x completion)  </u>

Equivalent units

<u>Materials</u>

9,000 + 3,000 x 80% - 2,000 x 60% = 10,200

<u>Conversion Cost</u>

9,000 + 3,000 x 30% - 2,000 x 40% = 9,100

5 0
3 years ago
Assume that Selling Division and Buying Division are both owned by Overall Corporation. Selling Division sells a product that is
Mariana [72]

Answer:

80

Explanation:

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Alexandra [31]
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3 0
3 years ago
Read 2 more answers
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