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MAVERICK [17]
3 years ago
6

A taxpayer, in the 25% bracket before considering the sale, sold for a gain of $10,000 a residential rental building, purchased

and put into service in march 2010. (the sale of land is not included in this question.) no other residential real property was sold in this tax year. the depreciation taken or allowed is $15,635. what is the amount and nature of the gain or loss?
Business
1 answer:
Jlenok [28]3 years ago
4 0

Answer and Explanation:

The Residential properties are depreciated over 27.5 years

Then:

The total amount of depreciation is $15,635. We assume that the property is sold in 2015.

Therefore, depreciation will be allowed only for 5 years such that the annual depreciation will be $3127 for 5 years.

He saves $781.75 annually (0.25*$3127).

If he holds the property for 5 years and then sells it, his 5 years' worth of depreciation will have saved him $3908.75  and it a $10,000 gain taxed at a maximum of 15%

$10,000 gain taxed at a maximum of 25% (or 33% if the gain pushes the taxpayer into a higher tax bracket).

$10,000 gain taxed at a maximum of 25%

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Katie is looking over some of the product histories for the company. She has noticed that many more products have been rendered
valkas [14]

Answer:C. It makes it more difficult for the company to define an appropriate time period.

Explanation: Obsolete Items or products are products are no longer useful or relevant,it can be used to describe a product whose Quality has adversely depleted making it not useful.

With the information,since the products are fast becoming Obsolete than when compared to 10years ago,it makes it more difficult to determine or arrive at the appropriate time period for the company to keep the product before it becomes obsolete.

6 0
3 years ago
Assume that the level of capital flows between the U.S. and the country of Krendo is negligible (close to zero) and will continu
murzikaleks [220]

Answer:

Stronger

Explanation:

Given that inflation affects trade flows, as the higher price of commodities have negative impacts on exports rates. Thus, all things being equal, it is expected that high inflation should cause downward pressure on the exchanger rate of Krendo.

Hence, the inflation effect will be STRONGER than the interest rate effect in influencing the exchanger rate of Krendo against the U.S. dollar.

3 0
3 years ago
You head a marketing team preparing to launch a revised global marketing campaign for a high-end jewelry and accessory company.
Mice21 [21]

Answer:

<u>You started with selling delicate, antique-looking jewelry across all international markets, with the same theme of "Looking Your Feminine Best.</u>

Explanation:

This alternative does not represent a form of marketing adaptation, as seen in the following strategies adopted for some countries. This can be explained because the main concept of the marketing strategy developed to sell delicate and old-fashioned jewelry in all international markets, contains a central message, which is "Looking for the best for women". The other messages are adapted to attract women from other countries with different values ​​and culture, so there was an adaptation in the developed slogan, but this still encompasses the central message proposed by the company, all messages reflect the search for the best for women.

7 0
3 years ago
J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two part
Elina [12.6K]

Answer:

cash   110,000 debit

  land                   100,000 credit

  gain at disposal  10,000 credit

--to reocrd teh sale of land--

accounts payable 80,000 debit

               cash               80,000 credit

--to record the payment of liabilities--

gain at disposal 10,000 debit

                Morgan           7,500 credit

                Halsted          2,500 credit

--to distribute the gain from sale--

Morgan 22,500

Haslted    7,500

   Cash                30,000

--to liquidate the partnership--

Explanation:

ratio 3:1 (3+1=4)

Morgan  15000 share of 3/4 = 75%

Halsted   5000 share of 1/4 = 25%

there is gain of 10,000 in the sale distribute as follow

Morgan 10,000 x 75% =  7,500

Halsted 10,000 x 75% =   2,500

Now we close the account against cash

8 0
3 years ago
Development cost $ 1,250,000 Estimated development time 9 months Pilot testing $ 200,000 Ramp-up cost $ 400,000 Marketing and su
siniylev [52]

Answer:

Tuff Wheels

The net present value of the project is:

= $13,617,154

Explanation:

a) Data and Calculations:

Development cost $ 1,250,000

Estimated development time 9 months

Pilot testing $ 200,000

Ramp-up cost $ 400,000

Total Project cost in Year 0 = $1,850,000 ($ 1,250,000 + $200,000 + $400,000)

Marketing and support cost $ 150,000 per year

Sales and production volume 60,000 per year

Unit production cost $ 100

Unit price $ 205

Contribution per unit = $105 ($205 - $100)

Total contribution margin = $6,300,000 ($105 * 60,000)

Marketing and support cost  $ 150,000

Interest rate 8%                         148,000

Net income (cash flow)      $6,002,000

Discount rate = 8%

Annual net cash inflow = $6,002,000

Annuity factor = 2.577

Total cash inflow = $15,467,154 ($6,002,000 * 2.577)

Total project cost      1,850,000

Net present value  $13,617,154

8 0
2 years ago
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