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FromTheMoon [43]
3 years ago
5

In the current year, Joel has a passive activity loss of $15,000 from a limited partnership interest in XYZ, LP. He also has sus

pended losses from XYZ from prior years of $40,000. At the end of the current year, Joel sells his entire interest in XYZ at a $50,000 gain. What is the net effect of these items on his current year adjusted gross income?
Business
1 answer:
anygoal [31]3 years ago
7 0

Answer:

the  net impact on these items is $5,000 gain

Explanation:

The computation of the net impact on these items is as follows;

Net effect is

= Gain - Loss - suspended loss

= $50,000 - $15,000  - $40,000

= $5,000 gain

hence, the  net impact on these items is $5,000 gain

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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What are the three main parts to a slide presentations structure? A) thesis statement, supporting evidence, and concluding quote
aleksandrvk [35]

Answer:

D) introduction, body, and conclusion

Explanation:

Slide presentations structure -

A presentation structure and pre- planning is very important for a perfect presentation .

The structure of a presentation comprises of -

  • an introduction ,
  • body ,
  • conclusion .

Introduction -

It is the very first slide of the presentation , which initiates the presentation , and gives a overview of the topics and sub-topics that will be discussed in the upcoming slides .

Body -

It is the portion of the presentation , which have all the information thoroughly explained , this portion may include the maximum number of slides of the presentation .

Conclusion -

It is the last portion of the presentation , which discuss about the about the summary of all the points that were discussed in the body of the presentation , and finally sums up the presentation .

5 0
3 years ago
An economy is experiencing a recessionary gap. The government can​ ______.
Jobisdone [24]

Answer:

Increase expenditure or cut taxes to increase aggregate demand.

Explanation:

A recessionary gap is a macroeconomic term which portrays an economy working at a level underneath its full-employment equilibrium. Under a recessionary gap condition, the degree of real gross domestic product (GDP) is lower than the degree of full employment, which puts descending pressure on prices over the long haul.

6 0
3 years ago
If in the short run, firms in monopolistic competition _________, new firms will enter the market.
alukav5142 [94]

If in the short run, firms in monopolistic competition make an economic profit, new firms will enter the market.

A firm is a for-profit business organization—such as a company, limited liability company (LLC), or partnership—that provides skilled services. Most companies have only 1 location.

Companies during a monopolistic competition build economic profits within the short run, however within the long-standing time, they create zero economic profit. The latter is additionally a result of the liberty of entry and exit within the trade. Restaurants, hair salons, home items, and clothing are examples of industries with monopolistic competition.

To learn more about Firm here

brainly.com/question/15968468

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7 0
2 years ago
Saving money is a(n) ____________________, because it involves less consumption in the present, but the ability to consume more
Leto [7]
The correct answer is an <span>Intertemporal<span> choice.

</span></span><span>Saving money is an </span>Intertemporal choice.<span> because it involves less consumption in the present, but the ability to consume more in the future. Its a personal choice which people make accordingly depending on their needs, money and time.</span>
5 0
3 years ago
Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for bu
Andrews [41]

Answer:

The amount of accumulated depreciation at December 31, 2023 = $88,800.

Explanation:

<u>Determining the actual acquisition cost.</u>

The actual acquisition cost = Purchase value + freight charges + Installation costs.

The actual acquisition cost = 460,000 + 15,000 + 34,000.

The actual acquisition cost = $509,000.

<u>Determining the depreciable cost.</u>

The depreciable cost = acquisition cost - Salvage value.

The depreciable cost = 509,000 - 65000.

The depreciable cost = $444,000.

<u>Determining annual depreciation expense.</u>

Annual depreciation expense = depreciable cost / number of years.

Annual depreciation expense = 444,000 / 10.

Annual depreciation expense = 44,400.

<u>Determining the accumulated depreciation .</u>

The accumulated depreciation = annual depreciation expense × number of years.

The accumulated depreciation = 44,400 × 2.

The amount of accumulated depreciation at December 31, 2023 = $88,800.

6 0
3 years ago
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