On july 25 of this year, taylor sold land with a cost of $15,000 for $40,000. taylor collected $20,000 this year and is scheduled to receive $5,000 each year for four years starting next year plus an acceptable rate of interest. taylor's gain recognized this year is:

$12,500

Explanation:

In this question, first, we have to determine the gain on sale of land then we have to do proportionately which is shown below:

Gain on sale of the asset

= Sale price of land - the cost of land

= $40,000 - $15,000

= $25,000

Now the proportionate amount would be

= Gain × collected amount this year ÷ sale price

= $25,000 × $20,000 ÷ $40,000

= $12,500

All other information which is given is not relevant. Hence, ignored it

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.