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sesenic [268]
3 years ago
7

As sole heir, Gascon receives all of Lafayette's property (adjusted basis of $15,700,000 and fair market value of $16,900,500).

Six months after Lafayette's death in 2019, the fair market value is $16,500,100. a. Can the executor of Lafayette's estate elect the alternate valuation date and amount?
Business
1 answer:
madreJ [45]3 years ago
6 0

Answer:

No

Explanation:

Fair market value of Mary's property = $16,900,000. Six months after Mary's death in 2018, the fair market value is = $16,900,000. Fair value has increased on alternate valuation date. The executor of Mary's estate cannot elect the alternate valuation date and amount as the election does not result in reduction in fair value of gross estate.

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Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead cos
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Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead costs total $6,710,000. its prime costs total:_Prime Cost = direct material cost + Direct Labor cost

= $ 4900000 + $ 8710000

= $ 13610000

A high price is the entire direct price of production, such as uncooked materials and exertions. indirect charges, along with utilities, supervisor salaries, and delivery costs, are not blanketed in top charges. corporations want to calculate the prime value of each product manufactured to ensure they are generating earnings.

Industry averages propose top charges need to be between fifty five% and 60%. Years in the past, that range might have been as high as sixty five%. however as the costs of a lease, coverage, and items have risen, it is grown to be extra vital to hold that percent quite tight within that variety.

Learn more about prime cost here:

brainly.com/question/26058632

#SPJ4

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