Answer:
How much of the loss can Carlos deduct if the loan from the bank is non-recourse?<u> No deduction because he is not personally liable for debt or loan used in the trade that holds real property.</u>
How much does Carlos have at risk at the end of the first year? <u>$30000</u>
Answer:
This question is incomplete. However, I searched the web and found a similar question that is asking to "Prepare journal entries to (a)update depreciation for 2021"
Explanation:
The general journal entries will be as follows;
From Jan 1st to Sept. 1st, there are 8 months of depreciation. If yearly depreciation is $2,832, it means that monthly depreciation is $236.Therefore, depreciation expense for the 8 months would be (8*236 = $1,888). For journal entry, you will debit depreciation expense and credit accumulated depreciation;
Dr. Cr.
Depreciation $1,888
Acc. depreciation $1,888
Answer: Option D
Explanation: An inconvenience refers to an irritating incidence that renders you just get out of out of manner, such as the embarrassment of a side trip that gets you off your normal route, or the discomfort of the clanging doorbell just when you're about to take a plate out of the microwave.
In the given case, Kimberly is unable to make a routine due to the hectic schedule she has to follow because of shortage of time and longevity of distances to go. Thus due to some out of control scenarios she is not getting in her own order.
Hence we can conclude that the correct option is D.
It is <u>false </u>that a person assumes all risks associated with any activity in which he or she participates. This is not true because one person cannot bear all these risks, especially if there are multiple people involved. They should all face the risks and the consequences of their actions - it shouldn't be just one person, but also the people who are organizing that activity as well as the other participants.
