subject
Business, 01.11.2019 05:31 emilybutler

Barnett corporation owns an office building that cost $900,000. barnett has taken $600,000 of depreciation on the building. the property is subject to a $600,000 mortgage. the office building has a current fmv of $400,000. barnett corporation is liquidated and the office building is distributed to a single individual shareholder who assumes the mortgage. barnett corporation must recognize what gain? $300,000 gain

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 18:00
*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!
Answers: 1
question
Business, 22.06.2019 21:00
Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.
Answers: 2
question
Business, 22.06.2019 22:00
Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.
Answers: 3
question
Business, 22.06.2019 22:20
Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.
Answers: 1
You know the right answer?
Barnett corporation owns an office building that cost $900,000. barnett has taken $600,000 of deprec...
Questions
question
English, 16.02.2021 07:30
question
Mathematics, 16.02.2021 07:30
question
Mathematics, 16.02.2021 07:30
question
History, 16.02.2021 07:30
question
Health, 16.02.2021 07:30
Questions on the website: 13722362