Answer:
$2,100
Explanation:
Particulars Fair market value Basis Differences
Inventory $60,000 $30,000 $30,000
Account receivables $40,000 $40,000 $0
Equipment $60,000 $80,000 <u> ($20,000)</u>
Taxable gain $10,000
Tax rate <u> 21% </u>
Built in gains tax <u>$2,100 </u>
So therefore, the built-in-gains tax that Clampett (Incorporated) will pay in 2021 is $2,100.
Answer:
The answer is "Whenever a court requires him to use the res ipsa loquitur doctrine, he possibly would succeed".
Explanation:
Res ipsa loquitur is also an English common law doctrine which claims in an action for tort, throughout the absence of direct proof on whether any defendant acted, a jury may conclude neglect of the nature of an illness or incident. It is used in circumstances in which the complainant is not presented sufficient proof that the offender is not liable.
<span>a. </span>No. Since the good that I am selling
is inelastic considering the elasticity given in and outside Texas, having a
lower price than non-Texan gas stations would have less impact on the quantity
demanded.
<span>b. </span>The profit-maximizing price to
charge a Texan for a car wash would be $12.
<span>c. </span><span>The profit-maximizing price to
charge a Californian for a car wash would be $18. </span>
<span>(See attached for the calculations.)</span>
Answer:
D. its complements.
Explanation:
A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.
Answer:
R 85400
Explanation:
The amount of depreciation will be the current amount minus the amount after three years.
amount after threes is calculated as follow
A= P x( 1+ r) ^n
Wheres A: amount after 3 years
P : principal amount =r 175,000; r = -20%, n is number of period
A = 175,000 x ( 1- 0.2)^3
A =175,000 x(0.8)^3
A = 175,000 x 0.512
A=89,600
Depreciation =175,000 - 89,600
=R 85400
