subject
Business, 28.02.2020 22:50 embersongracie

Darla owns a dress shop called Darla's Darling Dresses. During the past year, Darla traded her current location for a building a little farther out of town. Her current location had an original cost of $150,000 and a fair market value of $225,000 at the time she traded it. Depreciation on the facility totaled $37,500. Darla received a building and lot worth $200,000 and cash of $25,000 in the exchange. She paid sales commissions to the real estate broker of $10,000. Darla's amount realized on the sale is $ and the adjusted basis in the assets sold is $ producing a realized on the sale of $. (11)

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 14:30
What are 3 ways through which you might obtain employment experiences
Answers: 1
question
Business, 21.06.2019 21:00
The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?
Answers: 3
question
Business, 22.06.2019 01:30
Someone knows the answer i need in the exam
Answers: 2
question
Business, 22.06.2019 11:40
The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?
Answers: 3
You know the right answer?
Darla owns a dress shop called Darla's Darling Dresses. During the past year, Darla traded her curre...
Questions
question
Mathematics, 26.01.2021 03:30
question
Chemistry, 26.01.2021 03:30
question
Mathematics, 26.01.2021 03:30
question
Mathematics, 26.01.2021 03:30
question
Mathematics, 26.01.2021 03:30
question
Chemistry, 26.01.2021 03:30
question
Arts, 26.01.2021 03:30
Questions on the website: 13722361