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
BabaBlast [244]
2 years ago
5

How do I solve this? It’s a real estate question.

Business
1 answer:
posledela2 years ago
7 0
A.2.2 points(the answer)(you’re welcome)
You might be interested in
Jay sold three items of business equipment for a total of $300,000. None of the equipment was appraised to determine its value.
olasank [31]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information.

Asset        Cost        Adjusted Basis

--------------------------------------------------

Skidder   230,000      40,000

Driller       120,000      60,000  

Platform  620,000        0

-------------------------------------------------

Total         970,000      100,000

Step 2. Formulas needed to solve the exercise.

Allocation for each asset =  value sold * (adjusted basis / total)

Gain on sale = Sales price - Adjusted basis amount

Step 3. Calculation and Step 4. Solution.

Sales price is allocated on the basis of adjusted value.

  • Skidder = 300.000 * 40.000/100.000 = 120.000

  • Driller = 300.000*60.000/100.000 = 180.000

  • Platform = 300.000*0/100.000 = 0

Gain on sale = Sales price - Adjusted basis amount

                        = 300.000 - (40.000 + 60.000 + 0)

                        = 200.000

6 0
3 years ago
Pros and cons on outdoor advertising
Mademuasel [1]
If I'm correct-- by outdoor advertising do you mean commercials and ads encouraging people to go outside?
7 0
3 years ago
My answer b am I right
pychu [463]
Yes, you are correct :)
5 0
3 years ago
The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The follo
Inessa05 [86]

Answer:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

Explanation:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

<u>Dividends  payable  a/c</u>

<u>Particulars           Amount                Particulars                    Amount</u>

                                                             Balance b/d                 $ 13,000

Dividend paid (Cash)  $ 54,500 Dividend declared            $57,000

Balance c/d               $ 15,500

                                     $ 70,000                                             $ 70,000

Therfore, The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

8 0
3 years ago
Which of the following is included in a standard MLA-style bibliographic entry for an interview conducted by a researcher?
Oksana_A [137]
All of the answers are correct, for the bibliographic entry you need their name, date, and the type of interview conducted. 
5 0
3 years ago
Read 2 more answers
Other questions:
  • 1.Groups are characterized by mutual interaction and reciprocal influence.
    14·1 answer
  • Sunglasses are just as protective as safety glasses?
    7·1 answer
  • The terms of trade must be higher (graphically to the right) of a nation's own production __________________
    11·1 answer
  • “Choosing is Refusing” means individuals face an opportunity cost with each decision they make. Explain this further.
    12·1 answer
  • Suppose that it is friday night, that xavier and her friends have been out at a party, and that they are now heading home. suppo
    8·1 answer
  • The human resources perspective of management links motivation theories with _____. a. profit maximization b. efficiencies c. em
    5·1 answer
  • 1. Out of 115000 students, 20% failed in SLC,40% of failers.
    7·2 answers
  • The constraint at Rauchwerger Corporation is time on a particular machine. The company makes three products that use this machin
    13·1 answer
  • Wildhorse Company purchased 300 of the 1000 outstanding shares of Ayayai Company's common stock for $570000 on January 2, 2021.
    13·1 answer
  • Does Canada have a strong secondary industry sector?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!