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shepuryov [24]
3 years ago
5

If I have 1/4 of all the marbles and you have 1/3 of all the marbles, and we have 35 marbles between us, how many marbles are th

ere altogether? How many do I have? How many do you have?
Mathematics
1 answer:
Tcecarenko [31]3 years ago
5 0
\frac{1}{4}+\frac{1}{3}=\frac {3}{12}+\frac{4}{12}=\frac{7}{12}\\\\we\ have\ \frac{7}{12}\ of\ all\ the\ marbles\\\\m-the\ number\ of\ all\ marbles\\\\\frac{7}{12}m=35\Rightarrow m=35\times\frac{12}{7}=5\times12=60\\\\\frac{1}{4}\times60=15\\\\\frac{1}{3}\times60=20\\\\Answer:\\There\ are\ 60\ altogether\ marbles.\ I\ have\ 15\ marbles\\and\ you\ have\ 20\ marbles.
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The question is incomplete.

The complete question is

Kase, an individual, purchased some property in Potomac, Maryland, for $217,000 approximately 10 years ago. Kase is approached by a real estate agent representing a client who would like to exchange a parcel of land in North Carolina for Kase’s Maryland property. Kase agrees to the exchange.

What is Kase’s realized gain or loss, recognized gain or loss, and basis in the North Carolina property in each of the following alternative scenarios? (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

a. The transaction qualifies as a like-kind exchange and the fair market value of each property is $907,500.

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A. Realized gain(907500-217000)= 609,500

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A.

Realized gain(907500-217000)= 609,500

Recognized gain= 0

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Here , we find that Kase has realised gain of $ 690,500 but recognised gain of $ 0 . It is so because Kase did not receive any boot and the transaction is a like-kind exchange. Therefore, the adjusted basis in new property = $ 217,000 ( as no gain is recognised ).

B.

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Recognized loss= 0

Adjusted basis in new property= 217000

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