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Elis [28]
2 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]2 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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The pieces will be 3 times something and 5 times something.
3x + 5x = 160
4 0
3 years ago
Which of the following is TRUE regarding investment intermediaries? Group of answer choices Insurance companies can be both "buy
pogonyaev

Answer:

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the other statements are false:

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7 0
3 years ago
For an average commercial vehicle being driven at 55 mph on dry pavement, it will take about _____ to bring the vehicle to a sto
zalisa [80]
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Explanation:
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2. Reaction distance is the distance traveled before the driver actually presses on the brake pedal. For an alert driver, this also takes about 0.75 seconds. This adds another 60 feet of travel.

3. Braking distance is the distance the vehicle travels before coming to a stop on a dry ground. On a slippery ground (after snow or rain) this distance is longer. On dry ground, the skidding distance is about 170 feet.

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7 0
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Answer:

Explanation:

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4 0
3 years ago
The primary method for sterilizing instruments is
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3 years ago
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