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Elodia [21]
3 years ago
9

Danny operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci

dent. The van was originally purchased for $20,000 and the adjusted basis was $5,800 at the time of the accident. Although the van was worth $6,000 at the time of accident, insurance only paid Danny $1,200 for the loss. What is the amount of Danny's casualty loss deduction?
Business
1 answer:
seropon [69]3 years ago
3 0

Answer:

$4,600

Explanation:

Casualty loss deduction = Adjusted basis - insurance compensation = 5800-1200= $4,600

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The Delphi method is __________.
Nadusha1986 [10]

Answer:

B. a qualitative forecasting technique in which experts work individually to develop forecasts.

Explanation:

The Delphi method is a forecasting process framework based on the results of multiple rounds of questionnaires sent to a panel of experts. Several rounds of questionnaires are sent out to the group of experts, and the anonymous responses are aggregated and shared with the group after each round.

The experts will answer without brainstorming with others

5 0
4 years ago
Answer these you get 20 points!!! Please help me !! Please
andrew11 [14]
1.) b
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3.)b
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5 0
3 years ago
If the United States Supreme Court decided a similar case, would that decision be binding on the Nebraska court? Explain. at lea
Stolb23 [73]

Answer:

A lot of information is missing, but the answer is the same whether we are told about a specific case or not. If the US Supreme Court decided on a similar case that is under trial in Nebraska, the Nebraska court must follow the decision and guidelines of the US Supreme Court.

The Supreme Court is the highest court in the US, and its decisions must be followed by all lower courts. If a lower court doesn't follow a Supreme Court decision on a similar case, then an appellate court would reverse the decision.

The Supreme Court does not create laws, but it decides on how they should be enforced.

8 0
3 years ago
Which of the following is not needed to calculate simple interests?
olga nikolaevna [1]
I think it is C.
But I am not sure.
3 0
4 years ago
Read 2 more answers
Prepaid expenses have
Scrat [10]

Answer:

Been paid for but not yet recorded as expenses

Explanation:

Prepaid expenses have  been paid for but not yet recorded as expenses.

They are future expenses paid for in advance or costs that have been incurred without the benefits being enjoyed by the company.

A good example of prepaid expenses id Rent paid in advance at the beginning of the year. Such rent is a cost incurred in advance as the rent period has not been enjoyed yet.

The entries for such prepaid expenses is to debit 'prepaid expenses' like an asset and credit Bank/Cash. The expense account is debited after the benefits have accrued, with the corresponding Credit going to the Prepaid expenses account.

7 0
3 years ago
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