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deff fn [24]
3 years ago
7

On February 1, Alan, a single individual, purchased his first personal residence for $400,000. On July 1, Alan sold this residen

ce for $460,000 because he accepted a new job in another state. Consequently, Alan occupied the home for only 150 days. How much gain must Alan recognize
Business
1 answer:
mojhsa [17]3 years ago
7 0

Answer:

The correct answer is "$8630".

Explanation:

Given:

Residence purchased,

= $400,000

Residence sold,

= $460,000

Alan qualifies,

= 250000\times \frac{150}{730}

= \frac{37500000}{730}

= 51370 ($)

hence,

The gain will be:

= 60000-51370

= 8630 ($)

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<h3>What is NPV and IRR methods?</h3>

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2 years ago
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People can influence a stock price.

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