White company acquires a new machine for $75,000 and uses it in white’s manufacturing operations. a few months after white places the machine in service, it discovers that the machine is not suitable for white’s business. white had fully expensed the machine in the year of acquisition using § 179. white sells the machine for $60,000 after it held the machine only for a total of 15 months. what was the tax status of the machine when it was disposed of and the amount of the gain or loss?
a. an ordinary asset and $60,000 loss.
b. a § 1231 asset and $60,000 gain.
c. an ordinary asset and $60,000 gain.
d. a § 1231 asset and $60,000 loss.
e. a capital asset and $60,000 gain.

Captain john's yachts, inc., located in fort lauderdale, florida, rents three types of ocean-going boats: sailboats, cabin cruisers, and captain john's favorite, the luxury yachts. captain john advertises his boats with his famous "you rent"we pilot" slogan, which means that the company supplies the captain and crew for each rented boat. each rented boat has one captain, of course, but the crew sizes (deck hands, galley hands, etc.) differ. the crew requirements, in addition to a captain, are one for sailboats, two for cabin cruisers, and three for yachts. ten employees are captains, and an additional 18 employees fill the various crew positions. currently, captain john has rental requests for all his boats: four sailboats, eight cabin cruisers, and three luxury yachts. if captain john's daily profit contribution is $50 for sailboats, $70 for cruisers, and $100 for luxury yachts, how many boats of each type should he rent?

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.