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bogdanovich [222]
4 years ago
12

Yancy's personal residence is condemned as part of an urban renewal project. His adjusted basis for the residence is $480,000.

Business
1 answer:
sergejj [24]4 years ago
4 0

Answer:

a.Realised Loss of Yanci's Personal Residence is $20,000 . Recognised Loss is Zero

b.  Recognised Gain= $25.000

c. the realised gain will be $460.000

Explanation:

A. Realised Gain= Condemnation Proceeds-Adjsuted basis

= $460000-$480000

($20000)

Realised Loss of Yanci's Personal Residence is $20,000 . Recognised Loss is Zero

B. Realised Gain in case Condemnation proceeds are $505.000

Realised Gain= $505.000-$480.000

=$25,000

Recognised Gain= $25.000

C. If the House is rental property then the realised gain will be $460.000

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Raven's private benefits are the revenue it accrues from it's skin healing cream and yet those same bees still providing a societal service of pollinating Oakcreek Apple Orchard Apple. That shows that they are giving more social benefits than they are receiving.

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Answer:

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