1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleksandr [31]
2 years ago
11

Beige Corporation, a C corporation, purchases a warehouse on August 1, 2004, for $1,000,000. Straight-line depreciation is taken

in the amount of $411,750 before the property is sold on June 12, 2020, for $1,200,000. What is the amount and character of the gain recognized by Beige on the sale of the realty
Business
1 answer:
denis-greek [22]2 years ago
6 0

Answer:

realized Section 1231 gain = $611,750

Explanation:

book value before the sale is made = $1,000,000 - $411,750 =$588,250

realized Section 1231 gain = selling price - book value = $1,200,000 - $588,250 = $611,750

A Section 1231 gain is realized when a real estate property is sold after the company has held it for more than 1 year.

You might be interested in
The designated market value:a. is always the middle value of replacement cost, net realizable value, and net realizable value le
eduard

Answer:

a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.

Explanation:

As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.

And if the replacement cost lies in this range than it represents the designated market value.  

Hence, option a is correct.

4 0
3 years ago
You see a television commercial for a product you may want to buy, and there is a telephone number you must call to place an ord
bulgar [2K]

Answer:

krkfkfgkgkgkgkf

Explanation:

nxnxnxxnxnxckfk

8 0
3 years ago
​the progressive insurance ad campaign knows that the average person in the target market is exposed to the message 13 times in
Sindrei [870]
This measures frequency, as it states that number of times the target gets to see the message
8 0
3 years ago
When the effective-interest method of bond discount amortization is used,
SSSSS [86.1K]

Answer: C. interest expense will not be a constant dollar amount over the life of the bond.

Explanation:

When a bond is sold at a discount, the discount will have to be amortized over the life of the bond to ensure that it reaches par at maturity.

As a result, the interest expense will be based on a larger figure every year which would mean that it would have to be larger each time. t will therefore not be a constant dollar amount over the life of the bond.

6 0
3 years ago
1. Assume that the money demand function is (M / P)d = 2,200 – 200r, where r is the interest rate in percent. The money supply M
Wittaler [7]

Answer:

r= 3

Explanation:

Due that the level price does not changed, the first thing that you have to do to find the equilibrium is put the two equations with an equal

Money demand =Supply of money

2,200 – 200 r= 2,000

Now you have to find the value of r and you have to clear the formula and first you have to:

2,800- 2,200 = 200r

Now that you have the number together you have to apply the operation

600 = 200r

As the 200 is multiplying the r you have to pass the 200 to divided the 600

r= (600/200)

r= 3%

The interest rate is 3%

3 0
3 years ago
Other questions:
  • A(n) ____ strategy requires little initial investment, is heavily regulated, and provides little opportunity to modify products
    6·1 answer
  • Because the main goal of high-stakes testing is to upgrade the performance of poorly achieving students, low-income and ethnic m
    13·1 answer
  • The subject is reqlly politics<br>why do we have to pay to sell stuff
    13·2 answers
  • 1. WHAT IS TIME MANAGEMENT TO YOU AND WHY WOULD YOU MANAGE YOUR TIME BETTER?<br> EXAMPLE?
    5·1 answer
  • The price paid by buyers in a market will decrease if the government a. increases a binding price floor in that market. b. incre
    12·1 answer
  • If a number entered in an unformatted cell is too long to be displayed in the cell, what will be displayed? ####### scientific n
    13·1 answer
  • Currently, Glasgow Importers sells 280 units a month at a price of $729 a unit. The firm believes it can increase its sales by a
    12·1 answer
  • Companies operating in a highly automated environment that produce many different products with varying levels of production sho
    9·1 answer
  • A marketing specialist works with an artist and a designer to develop new toys for children. sometimes conflict occurs when the
    10·1 answer
  • joel is upset as he reads an email message from his supervisor. when he discusses the message with a coworker he distorts what t
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!