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Rom4ik [11]
3 years ago
7

Maple Corp. owns several pieces of highly valued paintings that are on display in the corporation's headquarters. This year, it

donated one of the paintings valued at $100,000 (adjusted basis of $25,000) to a local museum for the museum to display. What is the amount of Maple Corp's charitable contribution deduction for painting (assuming income limitations do not apply?
Business
1 answer:
klemol [59]3 years ago
4 0

Answer:

$100,000

Explanation:

If the individual transfers personal property to a tax-exempt entity and the corporation uses the asset in a similar way to its tax-exempt intent, the individual is entitled to subtract the property's fair value.

in this scenario, Maple Corp. has the right to deduct $100,000 (market value of painting) from his taxable income.

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Lester's Fried Chick'n purchased its building 11 years ago at a cost of $189,000. The building is currently valued at $209,000.
liberstina [14]

Answer:

$251,000

Explanation:

The computation of the total  book value of the firm's assets is shown below:

= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital

= $189,000 + $56,000 - $49,000 + $36,600 + $18,400

= $251,000

We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come

4 0
3 years ago
The new attributes that are needed by leaders today are: a. Clarify responsibilities among managers, and make sure that traits i
GREYUIT [131]

Answer:

d. Listening, relationship building, and nuturing

Explanation:

Currently, organizations are perceived as human systems, where the needs of employees must be considered, since in this way motivation and productivity are maintained. Therefore, it is correct to state that the new attributes needed by leaders today is to know how to listen, build relationships and nurture, with their subordinates, because the leader is the maximum authority figure in an organization, through its actions and examples is that the organizational culture is shaped positively or negatively. An effective leader today, then, is one who has skills in addition to clarifying responsibilities or solving communication problems, he must be democratic, know how to listen, provide feedback, seek to build and nurture positive relationships with his employees, seeking to achieve greater trust, valorization of work by employees, which increases job satisfaction, motivation and productivity.

4 0
3 years ago
Which of the following is not true of a corporation? a. It may buy, own, and sell property. b. It may sue and be sued. c. The ac
Ne4ueva [31]

Answer:

C. The acts of its owners bind the corporation.

Explanation:

Corporation in management can described as a group of an organization, this could be a company that carry out some specific role and are legally formed. Corporation may be formed because they want to be making gains or otherwise however, they posses their shareholders. It should be noted that a corporation may buy, own, and sell property, It may sue and be sued.

Therefore, from the question all the given options are true about corporation expect ""The acts of its owners bind the corporation. d. It may enter into binding legal contracts in its own name"".

8 0
3 years ago
Find the sum of 2x kg and 5x g. Give the answer in grammes.​
maksim [4K]

Answer: 3,600 g

Explanation:

7 0
3 years ago
Answer the following question please:
levacccp [35]

Answer:

D.  Since A. B. AND C. Are normal things, It'd make sense for it to be D.

8 0
3 years ago
Read 2 more answers
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