Godisgood04 all the time in
Answer:
option (E) None of the above
Explanation:
Data provided in the question:
Cash = $2000
Real Property = $3,000
Nonrecourse mortgage = $2,000
Loss reported = $15,000
Now,
Gerald's initial tax basis
= Exchange in cash + Real property with tax basis - Nonrecourse mortgage +(50% of $2000)
= $2,000 + $3,000 - $2,000 + 1,000
= $4,000
and,
Gerald's would be allocated 50% of Loss
= 50% of $15,000
= $7,500
Thus,
Gerald deduction currently is limited to his basis
i.e
Gerald can deduct $4,000
and the remaining amount
i.e Loss of $3,500 ($7,500 - $4,000) would be suspended and carried forward indefinitely.
Hence,
the answer is option (E) None of the above
Answer:
$234,600
Explanation:
The computation of the amount charged is shown below;
Cost of patent os
= $219,000 + $59,000
= $278,000
Now
Amortization for 3 years i.e from 2021 to 2024
= ($278,000 ÷ 10) × 3
= $83,400
Now
Net cost of patent is
= $278,000 - $83,400
= $194,600
And, finally
Amount charged to income is
= $194,600 + $40,000
= $234,600
When an worker complains to his or her organisation about racial harassment, the company ought to take action on that and make sure that no racial harassment occur within the employees.
<h3>What is racial harassment in workplace?</h3>
Racial harassment includes unwelcome and racially offensive behavior in the workplace. The harasser can be your supervisor, a supervisor in another area, a co-worker, or any one who does not work for your employer, such as a consumer or customer.
<h3>What qualifies as harassment?</h3>
Harassment can consist of things like verbal abuse, bullying, jokes, making faces and posting comments about you on social media. It also includes sexual harassment.
Learn more about racial harassment here:
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