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
Norma-Jean [14]
3 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]3 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

You might be interested in
A common tool project teams use to show resource assignments is a responsibility matrix. typically, this chart will depict:
geniusboy [140]
A common tool project teams use to show resource assignments is a responsibility matrix. Typically, this chart will depict what role each person on the team will have during each activity. 

Managers set up a log to show each persons role for project completion. This allows for more streamline work and eliminates the questions regarding what each person should or shouldn't be doing. 
3 0
3 years ago
Read 2 more answers
Which market structure is most prevalent in reality? Explain.​
kaheart [24]

Answer:

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market.

Explanation:

Pls mark me the Brainliest..pls..

5 0
2 years ago
Read 2 more answers
Big Chill, Inc. sells portable dehumidifier units at the current price of $184. Unit variable costs are $85. Fixed costs, made u
Likurg_2 [28]

Answer:

$6,014,384

Explanation:

Break even point is the level at which a firm makes neither profit nor a loss. This is the point where Profit = $0.

Break even units = Fixed Costs ÷ Contribution per unit

therefore,

Break even units = $3,236,000 ÷ ($184 x  $85)

                              = 32,687 units

thus,

Breakeven Sales = 32,687 units x $184 =  $6,014,384

3 0
3 years ago
What do you know about the company/organization you wish to work for?
Masja [62]

Explanation:

Financial health of the company.

Company's brand value.

Work culture and environment.

wages and salary ofc

4 0
2 years ago
A business letter is not written:
GalinKa [24]

Answer:

OC. between two private individuals.

Explanation:

A business letter is a formal document written to convey an official or commercial message. It is written in a standard format. A Business letter is usually short, clear, and concise.

Two private individuals will probably communicate using personal letters.  Unlike a business letter, a personal letter uses a friendly and relaxed tone. They are no laid down formats to consider.  Personal letters may convey messages concerning the writer or recipient's social, religious, or economic matters.

8 0
3 years ago
Other questions:
  • Quad Enterprises is considering a new three year expansion project that requires an initial fixed asset investment of 2.32 milli
    6·1 answer
  • 6. Microsoft Word's spell checker
    10·1 answer
  • abbie is an unmarried individual who earned a gross income of $74827 last year. she make $3839.31 in ira contributions, donated
    15·1 answer
  • On December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Account
    5·1 answer
  • Active monetary policy
    7·1 answer
  • Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will ad
    13·1 answer
  • Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2015:
    14·1 answer
  • 17. Wislow Brothers common stock sells for $30 a share and pays an annual dividend that increases by 4 percent annually forever.
    9·1 answer
  • Please help!!!!!!
    11·1 answer
  • Quick-as-Lightning, a delivery service, purchased a new delivery truck for $40,000 on January 1, 2019. The truck is expected to
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!