3 years ago

You can tell us cell is the active cell when it has a

Business

1 answer:

kvv77 [185]3 years ago

3 0

Answer:

when it has a bold border and it is where the data you type will appear.

Explanation:

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The correct answer is market price.
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Flipco signed a 15-year note payable on January 1, 2018, of $900,000. The note requires annual principal payments each Decemb

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3 years ago

Camilo's property, with an adjusted basis of $302,200, is condemned by the state. Camilo receives property with a fair market va

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Answer:

a. Realized gain = $45,330

Recognized gain = $0

b. $302,200

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a. The realized gain is the increase in Camilo's economic position, that is, the difference between the fair market value of both properties. The recognized gain is the taxable gain, which is zero in this situation, since the new property is a compensation.

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b. Since there is no recognized gain, the new property must have the same basis as the previous condemned property, which is $302,200.

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