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JulsSmile [24]
3 years ago
6

Riley operates a plumbing business and this year the 3-year old van he used in the business was destroyed in a traffic accident.

The van was originally purchased for $20,000 and the adjusted basis was $5,800 at the time of the accident. Although the van was worth $6,000 at the time of accident, insurance only paid Riley $1,200 for the loss. What is the amount of Riley's casualty loss deduction?
A. $6,000
B. $14,000
C. $5,800
D. $4,600
E. $5,300
Business
1 answer:
natima [27]3 years ago
6 0

Answer:

D. $4,600

Explanation:

Riley's casualty cost deduction comes from the substraction between the adjusted basis, which is the net cost of an asset after adjusting for various tax-related items, and the amount the insurance paid Riley.

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The option that is not correct with respect to using bcc for recipients of a message is this:

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<h3 /><h3>What is the Blind Carbon Copy?</h3>

Blind carbon copy is a way of preventing the recipients of a bulk message from viewing the other addressees. While it is a very good privacy option, it is not expected to be the default for all correspondence.

Sometimes, the addressees might have to view their counterparts so BCC is enabled in such cases.

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5 0
1 year ago
BR Trucking has total sales of $911,300, a total asset turnover of 1.1, and a profit margin of 5.87 percent. Currently, the firm
notsponge [240]

Answer:

$2.89

Explanation:

The formula and the computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Number of shares)

where,

Net income is

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= $53,493.31

And, the preference dividend is $0

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So earning per share is

= $53,493.31 ÷ 18,500 shares

= $2.89

3 0
3 years ago
A property owner installs a new air conditioning system. how does this affect the property's effective age?
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The effect that the newly installed air conditioning system would have on the property's effective age would be: it decreases it.

<h3>What is a Property's Effective Age?</h3>

The effective age of a property can be described as the reflection of the true life of the property that is left remaining, based on the life expectancy that is typical of equipment or buildings that are similar to it and their usage.

So, when a property owner installs a new air conditioning system on a property, the air conditioning system, can cause wear and tear to the property which reduces how long the property can serve its purpose.

Therefore, we can conclude that the effect that the newly installed air conditioning system would have on the property's effective age would be: it decreases it.

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6 0
1 year ago
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kvv77 [185]

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Consistency of care means a small variability in the care industry from shift to shift from day to day, to the nursing assistant, to the resident, to the caregiver and to the patient to the patient.

Continuity of care ensures that each caregiver transition is managed seamlessly to notify the next shift of what was being learned and what needs attention. Medical records are not enough: handwriting is usually poor, time consuming communication, and nurses experience and explain in various ways the same patient risk factors.

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