1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
g100num [7]
3 years ago
10

If Rob and Lori purchased a home for $250,000 with an additional $4,000 in related purchase costs and then added a swimming pool

at a cost of $30,000 and a new air conditioning system at a cost of $5,000, what would their adjusted basis be when they sell the home?
Business
1 answer:
slamgirl [31]3 years ago
7 0

Answer:

$289,000

Explanation:

The computation of the adjusting basis in case of sale of the home is shown below:

= Purchase value of home + additional purchase cost + cost of swimming pool + new air conditioning system

= $250,000 + $4,000 + $30,000 + $5,000

= $289,000

In case of sale of the home, we consider all the costs which are given in the question as it related to the sale of the home

You might be interested in
Which of the following statements are true? A direct cost is sometimes referred to as a common cost. A regional sales manager's
RoseWind [281]

Answer:

The correct answers are the following options: A regional sales manager's salary is a direct cost of the regional office in which the sales manager works - A direct cost can be easily and conveniently traced to a specific cost object.

Explanation:

On the one hand, the name of <em>"direct costs"</em> is refered to the ones that would be directly related to a cost object, therefore that these costs are easily recognizable to the person who manages the costs due to the fact that those will be the ones that are strictly referable to the object.

On the other hand, the <em>"indirect costs"</em> are the ones that have the characteristics of being the oppositive of the direct costs. Therefore that these type of costs are the ones that would not be easily referable to a cost object.

5 0
3 years ago
Data must be converted into information to be considered useful and meaningful for decision-making. There are six characteristic
maria [59]

Answer:

it is representative of the characteristic of

D) reliability.

Explanation:

One of the key issues is the reliability of the decisions made. This is a problem that is often overlooked due to the large increase in the amount of data processed by those systems, forcing designers to focus on the efficiency of the systems.

5 0
3 years ago
A poem on the story of snow white
ivolga24 [154]
SNOW WHITE AND THE SEVEN DWARFS BY ANNE SEXTON
5 0
3 years ago
Read 2 more answers
Destin Company signs a contract to manufacture a new 3D printer for $80,000. The contract includes installation which costs $4,0
amm1812

Answer:

From the question, the contract stipulates that Destin Company has three (3) performance obligations.

1. Manufacture a new 3D printer

2. Installation of the 3D printer.

3. Maintenance of the 3D printer over the life of the printer.

All three of these are to be performed by Destin Company for the client they signed the contract with.

4 0
2 years ago
A firm pays Pam $40 per hour to assemble personal computers. Each day, Pam can assemble 4 computers if she works 1 hour, 7 compu
kherson [118]

Answer:

$1,840

Explanation:

In order to calculate the Marginal cost of producing the computers in 2nd hour of work, we need to add the marginal cost of computer and marginal cost of wage in the 2nd hour of work.

MC = MC(computers) + MC(wage)

MC = $1,800(w) + $40

MC = $1,840

Working

MC (computers ) = 3 x 600$ = $1,800

                hour        computers assembled

                    1st                        4

                    2nd                      7

If pam works 2 hours she can assemble 7 computers but she already assembled 4 computers in 1st hour.

So the 2nd-hour computers will be 3 ( 7 - 4) computers.

4 0
3 years ago
Other questions:
  • 5. Debit cards can be:
    6·2 answers
  • Christian spends a significant amount of his time at work performing tasks such as distributing work among his subordinates and
    15·1 answer
  • Sarah is an accountant with desires to open her own business. she is looking for office space at a reasonable rate along with in
    6·1 answer
  • In _____ innovation, innovations in products or services end up completely replacing existing products or service technologies.
    12·1 answer
  • It is based on perceived characteristics such as style, fashion or peer acceptance.
    12·1 answer
  • 3. Who creates budget resolutions?​
    7·1 answer
  • Selling the rights to use your company's brand name in return for a lump-sum payment and a share of the profits generated is ref
    8·1 answer
  • Franco, an employee at fundz corp., arrives late at the office on a monday morning due to a personal emergency. his manager fire
    6·2 answers
  • Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube Company is a se
    5·1 answer
  • A broker just did something unethical , what did they do and what is it called ?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!