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Norma-Jean [14]
2 years ago
13

Mateo exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental

house at the mountains with a fair market value of $180,000 and cash of $20,000. What is the recognized gain or loss?
a.$0
b.$20,000
c.($25,000)
d.($20,000)
Business
1 answer:
FromTheMoon [43]2 years ago
7 0

Answer:

a.$0

Explanation:

Adjusted basis is the cost of a property and other related costs incurred in acquiring, maintaining, or upgrading the property.

Fair value represent the worth of a property. It is the amount that one should expect to fetch from the market if they were to sell the property.

The fair value or the worth for Mateo's rental house is $200,000. He obtains another rental house with a fair value of $180,000 and cash $20,000.

He exchanged property worth  $200,000 for $200,000

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motikmotik

Answer

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Explanation

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7 0
2 years ago
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disa [49]

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It would be A

Explanation:

3 0
2 years ago
How can the company that purchased the mine better approach the situation?
ddd [48]

The company that purchased the mine better approach the situation by developing a strategy that include all stakeholders.

In the year 2006, giant of the mining industry Xstrata purchased the Tintaya copper mine in Espinar, Peru. There has been a dispute between the community and the mine over issues including land rights,  pollution,  and social responsibility of the mining company. The previous mine owner had established a good dialogue table with the local community. According to many people , when Xstrata took over, the company did not abide by those arrangements which were made by the previous owner.

That is why if Xstrata wants to make better then it should consider the interest of every stakeholder over there.

To know more about Tintaya copper mine here:

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5 0
1 year ago
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1. A 2. C 3. B

Explanation:

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ohaa [14]

Answer:

The statement is true.

Explanation:

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