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DochEvi [55]
2 years ago
14

Disadvantage of multiple chain store?​

Business
1 answer:
mote1985 [20]2 years ago
5 0

Answer:

1. more capital is needed

2. problem of customers

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3 years ago
Firm ML, a noncorporate taxpayer, exchanged residential rental property for 20 acres of investment land with a $200,000 FMV. ML
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a. $222,000

b. $22,000

c. $158,000

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a. FMV of rental property =  FMV of land received + Received cash

= $200,000 + $22,000

= $222,000

b. FMV of land received       $200,000

Cash boot received                $22,000

Less: Basis of rental property $158,000

Realized gain                           $64,000

Recognized gain (Boot)          $22,000

this transaction qualify for a like-kind exchange under section 1031  When no gain or loss is recognized on an exchange but on Boot received. But recognized gain will be lower of boot amount of realized gain.

c. Carryover basis of original assets =  FMV of rental property - Realized gain

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= $158,000

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In order to vote in Texas, you must meet which of the following requirements?
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