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Elanso [62]
2 years ago
15

George is the owner of numerous classic automobiles. His intention is to hold the automobiles until they increase in value and t

hen sell them. He rents the automobiles for use in various events (e.g., antique automobile shows) while he is holding them. George sold a classic automobile this year for $1,500,000. He had held the automobile for five years, and it had a tax basis of $750,000. a. Was the automobile a capital asset
Business
1 answer:
Monica [59]2 years ago
3 0

Answer:

No, it is depreciable property used in business is the correct answer.

Explanation:

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Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why?
aalyn [17]
It is best to keep both a check register and then to reconcile your bank statement with your check register. That means you have recorded everything that has happened.
7 0
3 years ago
What is another way of referring to workers and factory owners? socialists and democrats the people and the patricians labor and
klemol [59]

Answer: Labor and Capital.

Explanation:

Another way in which factory workers and factory owners can be referred to, is the laborers and the capital.

The factory workers are the laborers, because they carry out job and get paid salary/wages.

The factory owners are the ones that supply the capital needed in the factory and gain profit from their investment.

7 0
3 years ago
Which of the following sentences use correct punctuation?
EastWind [94]

Answer:

B.

Explanation:

Parenthesis are used to add the other content such as references guidelines, although they are not important but some readers tend to verify the argument so to guide them they content is given in parenthesis.

In example a: The information about the page is given by dash which is incorrect to do so.

In example b: The other information such as reference ( p.27) is given accurately.

In example C: My address is highlight by quoting, and it's not a quote, So, it's incorrect.

4 0
3 years ago
Cougar Corporation bought inventory on account on August 23rd. Cougar paid its supplier for the inventory on August 28th. Cougar
Aloiza [94]

Answer:

"B"

Explanation:

Expenses are recognized under the accrual accounting principle.

Before expenses can be recognized under accrual method , it must be matched to a particular revenue.This means that expenses are recognized in the period that the expense was able to generate a revenue. In other words , it in recorded in the period in which it was sold and not the period it was bought.

This is done to improve the quality , accuracy  of financial statement to give a true representation of an organization.

4 0
2 years ago
How do the elements of the marketing mix work together to help create a<br>marketing strategy?​
alex41 [277]

Answer:

The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.

Explanation:

4 0
2 years ago
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