You have a capital gain if you sell the asset for more than your adjusted basis. You have a capital loss if you sell the asset for less than your adjusted basis. Losses from the sale of personal-use property, such as your home or car, aren't tax deductible.
<h3>How are capital gains and losses taxed?</h3>
Capital gains and losses are classified as long term if the asset was held for more than one year, and short term if held for a year or less. Short-term capital gains are taxed as ordinary income at rates up to 37 percent; long-term gains are taxed at lower rates, up to 20 percent.
<h3>Can capital gains be offset by losses?</h3>
Yes, but there are limits. Losses on your investments are first used to offset capital gains of the same type. So, short-term losses are first deducted against short-term gains, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain.
Learn more about capital gains and losses here:
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brainly.com/question/3163567</h3><h3 /><h3>#SPJ4</h3>
Answer:
Assets = $350,000
Expenses = $250,000.
Explanation:
It has been given that $250,000 has been spent on research and development work on new transport equipment, and a patent (Design form Vail inc.) of $350,000 has been purchased.
The expenditure of $250,000 spent on new transport equipment considers as expenses and $350,000 spent on patents will be shown as intangible assets.
Answer:
Crude Oil
Added Benefit = $3,737.50 ($43,137.50 - $39,400.00)
Explanation:
a) Calculations:
Benefits from ANS = $4.25 per barrel ($76 -$71.75)
Benefits from WTI = $3.94 per barrel ($77 -$73.06)
Total benefits from ANS = 10,150 x $4.25 = $43,137.50
Total benefits from WTI = 10,000 x $3.94 = $39,400.00
b) It would benefit the company to undertake the exchange, with a net benefit of $3,737.50. The difference occurs from the value derivable from refining each type of crude. While Alaska North Slope Crude Oil (ANS) costs $71.75/Bbl, West Texas Intermediate Crude Oil (WTI) costs $73.06/Bbl. In the same way, their benefits from unleaded gasoline per barrel differ. The benefit from ANS is $76 per barrel against that of WTI $77 per barrel.
Span of Control - refers refers to the
number of people
a manager
<span>supervises.</span>
Answer:
Option D ($32,000 ordinary income, $1,600 interest income) is correct.
Explanation: