Aqua Corporation purchases nonresidential real property on May 8, 2015, for $1,000,000. Straight-line cost recovery is taken in the amount of $89,765 before the property is sold on November 30, 2018, for $1,500,000
a. Compute the amount of Aqua's recognized gain on the sale of the realty 17,953 X Feedback Check My Work Section 1250 property consists of real property that is not Section 1245 property, generally buildings and their structu When Section 1250 property is sold there is a possibility of Section 1250 depreciation recapture.
b. Determine the amount of the recognized gain that is treated as § 1231 gain and the amount that is treated as § 1250 recapture due to § 291. S 1231 gain 71,812 X § 1250 recapture due to § 291:

Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.