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2 years ago

The state government offered Mike $300,000 for his family’s property, which they plan to use for building a new development.

Business

1 answer:

Fudgin [204]2 years ago

7 0

Answer:

Fifth Amendment; for non-profit purposes; is less than fair market value all around.

Explanation:

A constitution refers to a set of written laws and principles which is typically used to determine the power and authority of the government, as well as guarantee the fundamental rights of its citizens.

Basically, the Constitution accords powers to the national or federal government and these includes; enumerated or delegated, reflected, and concurrent powers.

The Fifth Amendment allows the state government to take the property as long as it is used for non-profit purposes.

However, Mike can still dispute the government’s offer if the compensation is less than fair market value all around.

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Unruh Civil Rights Act

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3 years ago

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4 0

1 year ago

An economy has an aggregate demand shortfall of $1200 billion and a GDP gap of $900 billion. The mpc is 2/3. The appropriate fis

Vadim26 [7]

Answer:

Change in government expenditure needed = 300

Explanation:

Multiplier 'k' = Change in Income / Change in Govt. expenditure = dY / d GE = 1 / ( 1-MPC )

Desired change in Y, ie GDP = 900 billion , MPC = 2 / 3.

k = 1 / ( 1 - 2/3 ) = 1 / ( 1/3 ) = 3

3 = 900 / d GE

d GE = 900 / 3 = 300

Change in government expenditure = 300

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3 years ago

An asset (not an automobile) placed in service in June 2018 has a depreciable basis of $35,000 and a recovery period of 5 years.

Maurinko [17]

Answer:

The Cost that can be deducted will be $3,500

Explanation:

Bonus Depreciation=$35,000*50%=$17,500

Now cost deductible in 2018 will be=$17,500/5=$3,500

Currently 50% bonus depreciation being deducted on assets as per new rulings.

5 0

2 years ago

Read 2 more answers