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

client registration system, resource management system, clinical management system, patient information database, common use-system interface

explanation:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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