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insens350 [35]
3 years ago
10

Compare and contrast different ways in which a taxpayer triggers a realization event by disposing of an asset.

Business
1 answer:
aniked [119]3 years ago
8 0

Answer:

There are many ways a taxpayer can trigger a realization event.  She can trigger it through a sale or trade by receiving a value greater than the disposed asset.  She can also trigger a realization event by making a gift to charity.  Other ways include disposal, for example, to a landfill and destruction through natural disaster.  In the latter cases, there is a loss to the taxpayer.  With a natural disaster, the taxpayer can only obtain a realization gain if reimbursed by the insurance company.

Explanation:

A realization event happens when there is a sale or a disposal of an asset or a discharge from a liability.  There is usually an increase in the value realized from the disposal, which is greater than the asset's value before disposal. It also happens when the taxpayer receives a relief from a liability or completes a profitable transaction.

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Peters, Inc. produces 3 products: P1, Q2, and R3. P1 requires 400 purchase orders, Q2 requires 600 purchase orders, and R3 requi
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Answer:

P1 $36,000

Q2 $54,000

B2 $90,000

Explanation:

For computing each ordering and receiving overhead assigned, first we have to calculate the price per order which is shown below:

= Total cost of purchase orders ÷ total purchase orders

where,

Total purchase orders = P1 purchase orders + Q2 purchase orders + R3 purchase orders

= 400 + 600 + 1,000

= 2,000 purchase orders

And, the Total cost of purchase orders is $180,000

Now put these values to the above formula  

So, the price would equal to

= $180,000 ÷ 2,000 orders

= $90

Now we can compute easily.

For P1 = Purchase orders × price per order

          = 400 × $90

          = $36,000

For Q2 = Purchase orders  × price per order

            = 600 × $90

            = $54,000

For R3 = Purchase orders  × price per order

           = 1,000 × $90

           = $90,000

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Which of these represents the WORST negotiating tactic you can use when purchasing a vehicle?
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Linda and Richard are married and file a joint return for 2019. During the year, Linda, who works as an accountant for a nationa
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Answer:

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$4,000 + $850

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4 years ago
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