Business, 18.05.2021 19:20 ghughes665
Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $51,800 with an adjusted basis of $31,080 for $34,188. Later in the year, Lena sold another piece of equipment purchased two years ago with an adjusted basis of $15,540 for $10,101. What are the tax consequences of these tax transactions
Answers: 3
Business, 22.06.2019 16:00
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
Business, 23.06.2019 00:10
During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?
Answers: 1
Business, 23.06.2019 07:30
Which of the following commission structures creates sales people who are highly motivated to close a sales,because their entire income depends on it?
Answers: 1
Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $5...
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