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SOVA2 [1]
3 years ago
15

Eugene Forest sold the following assets: stock acquired 5 years ago (cost $10,000) for $15,000, business equipment held 3 years

(cost $28,000; adjusted basis $ 22,000) for $30,000, inventory held 2 years (cost $11,000) for $14,000, and personal car, held 2 years (cost $8,000) for $12,000. What is the amount of Forest's Sec. 1231 gain or loss? a) S 2.000 b)$ 8,000 c)$20,000 d) $29,000 e) None of the above
Business
1 answer:
hodyreva [135]3 years ago
8 0

Answer:

Option A is correct one.

<u>$2000</u>

Explanation:

So we only consider business equipment which is held for 3 years

Sales value=$30000

Less : Cost=$(28000)

Gain value=30000-28000

=$2000

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QS 15-4 Raw materials journal entries LO P1 During the current month, a company that uses job order costing purchases $90,000 in
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Answer:

The journal entries are shown below:

Explanation:

The journal entries are as follows

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      To  Cash  $90,000

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Answer:

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Part b: The per capita capital stock or the labour ratio is the primary factor for these differences in the simple Solow model.

Explanation:

<em>Part a:</em>

According to Solow model higher per capita real GDP will be in Chile because of its highest saving rate.

In Solow model the GDP per capita is defined as

                                           y=k^{\alpha}=f(k)

Also the steady state path is given as

sf(k)=(s+n)k\\\frac{s}{s+n}=\frac{k^*}{f(k^*)}\\\frac{s}{s+n}=\frac{k^*^{\alpha-1}}{k^*}\\\frac{s}{s+n}={k^*^{\alpha-2}}

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Thus the sole dependence of per capita GDP is on per capita capital stock.

Thus the per capita capital stock or the labour ratio is the primary factor for these differences in the simple Solow model.

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