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SashulF [63]
3 years ago
8

Problem 4-4 Calculation of Gain or Loss (LO 4.3) Jocasta owns an apartment complex that she purchased 6 years ago for $750,000.

Jocasta has made $50,000 of capital improvements on the complex, and depreciation claimed on the building to date is $128,700. Calculate Jocasta's adjusted basis in the building.
Business
1 answer:
NemiM [27]3 years ago
5 0

Answer:

$671,300

Explanation:

The calculation of adjusted basis in the building is shown below:-

Adjusted basis = Original cost of the property + Cost of capital improvements - Depreciation claimed

= $750,000 + $50,000 - $128,700

= $800,000 - $128,700

= $671,300

Therefore for computing the adjusted basis we simply add original cost of the property with cost of capital improvements and deduct depreciation claimed.

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Monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates, and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth and liquidity.

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2 years ago
Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending
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Answer:

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Explanation:

given data

cost of the ending inventory = $181,000

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to find out

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solution

we get here Income per year that is

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Explanation:

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