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Katarina [22]
3 years ago
6

"Alan Meer inherits a hotel from his grandmother, Mary, on February 11 of the current year. Mary bought the hotel for $730,000 t

hree years ago. Mary deducted $27,000 of cost recovery on the hotel before her death. The fair market value of the hotel in February is $725,000. (Assume that the alternative valuation date is not used.)"

Business
1 answer:
Vlad1618 [11]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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Answer:

B is the correct option.

Explanation:

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2 years ago
What causes a liability to be credited and an expense to be debited?
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<span> Recording the accrual of salaries incurred.</span>
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3 years ago
Read 2 more answers
Suppose that out of the original 100 increase in government spending, 33 will be recycled back into purchases of domestically pr
serious [3.7K]

Answer:

Multiplier effect in the 4th round = 3.58

Explanation:

A change in aggregate demand can create a much greater impact in the equilibrium national income. This is known as the multiplier effect. This occurs when injections of new demand for goods and services into the circular flow of income creates further rounds of spending. For example, if the government spending was on building new affordable houses then the need for housing materials will create demand for wood, cement and other housing supplies. Thus, these businesses will see a rise in sales. Whilst they benefit through profits, their employees would benefit from wages and salaries. As their income rises, they will spend it in the economy, and so will the businesses from their profits. This additional rounds of spending is the multiplier effect.

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7 0
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