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Elis [28]
3 years ago
11

How much increase in net worth (equity) would a market basis balance sheet show over a cost basis if Land was purchased for $1,0

00,000, is currently valued at $5,500,000 and capital gains taxes are 10%
Business
1 answer:
Pachacha [2.7K]3 years ago
3 0

Answer: $4,050,000

Explanation:

Increase in net worth shows the after tax gain that the person got after the land in question increased in value.

= (Current value - Purchase price) * ( 1 - tax rate)

= (5,500,000 - 1,000,000) * (1 - 10%)

= 4,500,000 * 0.90

= $4,050,000

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8 0
4 years ago
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D. Primary

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3 years ago
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nydimaria [60]

The account should be opened as Joint Account With Tenants In Common.

<h3>Joint Account With Tenants In Common</h3>

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3 years ago
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<u>less risk</u>

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Secondly owing to his familiarity with the drug and it's past usage experience, he has developed brand loyalty apparently.

Thus, Cole's decision is attributable to <u>less risk.</u>

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