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lord [1]
3 years ago
11

Julie transferred a building with an adjusted basis of $240,000 for another building with a fair market value of $350,000 and $2

5,000 in cash. The exchange qualified as a like-kind exchange. The realized gain on the exchange was $
Business
1 answer:
NARA [144]3 years ago
7 0

Answer:

$135,000

Explanation:

The realized gain can be calculated as under:

Realized Gain = Market Value received    -   Adjusted Basis

Here

Market Value received is $375,000 (350k + 25k)

Adjusted Basis $240,000

By putting values, we have:

Realized Gain = $375,000 - $240,000 = $135,000

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How do you derive consumer equilibrium is the cardinal utility approach​
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3 years ago
A Michigan State University student spends his summer months in his hometown, where he works for a local micro-brewery during th
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What are four positive aspects of franchising for a business start-up? Why are they important ? .
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E. how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.

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