Bozeman sold equipment that it uses in its business for $80,000. bozeman bought the equipment two years ago for $75,000 and has claimed $20,000 of depreciation expense. what is the amount and character of bozeman's gain or loss?
a. $25,000 §1231 gain. b. $20,000 ordinary gain (§1245 recapture), and $5,000 §1231 gain. c. $5,000 ordinary gain (§1245 recapture), and $20,000 §1231 gain. d. $25,000 capital gain. e. none of these.

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital