Answer:
No I think you should include gain in new basis
Explanation:
Sports utility vehicle
fair market value=19,500
Exchanged in
pickup truck=17,500
Cash=2,000
Total 19,500
Basis for the truck is $17,500 but she did not consider gain (Amount realized-Adjusted basis )
=$3,500
Answer:
D. No, because Rachel's family farm does not employ outside workers.
Explanation:
The Occupational Safety and Health Act of 1970 in its most rudimentary form is a law in the United States meant to govern the occupational health and safety of federal government employees and the private sector as well.
Option D is correct because the law does not cover immediate family members on farms that do not employ outside employees.
Answer:
The demand curve for business investment will shift upwards to the right, signaling an increased demand for business investment.
Investors will be attracted to invest more in business investment than they will invest in residential apartments. This is how it has worked.
Explanation:
An economy's business investment includes the investments in the machines, tools, and equipment that business entities need for the production of goods and services. On the other hand, its residential investment refers to the expenditure made for constructing or buying new houses or dwelling apartments for the purpose of living or renting out to others. If the government grants some tax credit to business investment, it will make business more attractive to the investing public.
Answer:
D. average level of prices of final goods and services in the economy.
Explanation:
The GDP deflator is a measure of the average level of prices of final goods and services in the economy
Answer:
C. $50,000
Explanation:
The computation of the Mabel's capital account after formation of the partnership account is shown below:
Total contribution by both the partners equals to
= Mabel contribution + Pierre contribution
= $25,000 + $50,000
= $75,000
Mabel contribution = Total contribution × Mabel share ÷ total share
= $75,000 × 4 ÷ 10
= $30,000
And, the land was sold for $50,000
So, Mabel share on the sale of land = $50,000 × 4 ÷ 10 = $20,000
Total amount recorded = $30,000 + $20,000 = $50,000