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tino4ka555 [31]
3 years ago
12

Bozeman sold equipment that it uses in its business for $80,000. Bozeman bought the equipment two years ago for $75,000 and has

claimed $20,000 of depreciation expense. What is the amount and character of Bozeman's gain or loss?A. $25,000 section 1231 gain.B. $20,000 ordinary gain, and $5,000 section 1231 gain.C. $5,000 ordinary gain, and $20,000 section 1231 gain.D. $25,000 capital gain.E. None of the above.
Business
1 answer:
Ad libitum [116K]3 years ago
3 0

Answer:

Option (D) is correct.

Explanation:

Selling amount of equipment = $80,000

Purchasing price 2 years ago = $75,000

Depreciation expense = $20,000

Gain(Loss) = Cash proceeds - Book value

                  = $80,000 - ($75,000 - $20,000)

                  = $80,000 - $55,000

Capital gain = $25,000

Therefore, the amount and character of Bozeman's gain is $25,000.

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Dovator [93]

Answer:

the net realizable value of accounts receivable $56.300

Explanation:

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8 0
3 years ago
Which of these terms is most closely related to tradeoffs?
ohaa [14]
Hello!

You forgot the alternatives!

incentives 
<span>margin </span>
<span>markets </span>
<span>scarcity
</span>
The term that is most closely related to trade-off, from the list above, is: scarcity. Scarcity is the condition that moves the trade-offs, it determines the quantity of each product you need or have. So, for example, if you need a product that you don't have enough and another that you have in excess, you can exchange it with someone that have interest in your product and has the one that you need.

Hugs!
7 0
3 years ago
Personal jurisdiction is not possible over the objection of an out of state defendant ________.
fenix001 [56]

Answer:

NOT-unless the court believes that justice would be served.

Explanation:

Personal jurisdiction in legal setting can be regarded as the power conferred on a court to make decision on the case of the party that's been sued, for the court to exercise this power , there is a requirement that the party must have contact in minimum way together with forum in the court.

6 0
3 years ago
Pauley Company needs to determine a markup for a new product. Pauley expects to sell 22,000 units and wants a target profit of $
Sever21 [200]

Answer:

variable markup % = 60%

Explanation:

total units sold 22,000

total costs associated with selling the 22,000 units:

variable production costs $18 x 22,000 = $396,000

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fixed overhead = $20,500

fixed S&A = $36,700

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markup percentage = [(sales price - unit cost) / unit cost] x 100

the total markup % = [49.60 - 33.60) / 33.60] x 100 = 47.62%

but since we are going to calculate the markup percentage solely based on variable costs, then:

variable cost per unit = $31

selling price = $49.60

the variable markup % = [49.60 - 31) / 31] x 100 = 60%

8 0
3 years ago
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Alla [95]
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