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andriy [413]
3 years ago
14

A city filed eminent domain proceedings in order to obtain 40 beach houses fronting a particularly attractive stretch of shoreli

ne. As part of an elaborate plan to increase the city's tourist trade and revive the local economy, the city planned to sell the beach houses to a company that would demolish the houses and build a luxury hotel in their place. The owners of the beach houses have challenged the city's exercise of eminent domain, contending only that the city's plan is unconstitutional. Will the owners of the beach houses be likely to prevail
Business
1 answer:
kipiarov [429]3 years ago
7 0

Answer:

No, because the planned sale to the private developer to increase the tourist trade qualifies as a public use.

Explanation:

Eminent domain is the provision that gives a government the ability to take a private property and convert it to public use. The owner of the property is however required to be compensated adequately.

In this instance the city filed eminent domain proceedings in order to obtain 40 beach houses as part of an elaborate plan to increase the city's tourist trade and revive the local economy.

Since this is for public gain the city has a legal right to file for an eminent domain here.

So the owners will most likely not prevail in this situation

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jasenka [17]

Answer:

KPD’s tax expense for 2022 is $9 million.

Explanation:

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Taxable Income                                                (10/25%)              40

Add: Tax basis depreciation                                 (80-74)                6

Accounting Income before Deprecation                                46

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Accounting Income                                                                36

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5 0
3 years ago
When a firm issues 50,000 shares with a par value of $5 for $22 per share, additional paid-in capital will:
Aloiza [94]

Answer:

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Explanation:

Additional paid up capital: It is that paid up capital which is excess of par value. It is mentioned in the balance sheet when new shares is issued.

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So, the value equals to

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