subject
Business, 24.05.2021 14:00 paolaviviana

In a $1031 like-kind exchange, Rafael exchanges a business building that originally cost $346,800. On the date of the exchange, the building given up has an adjusted basis of $138,720 and a fair market value of $190,740. Rafael pays $28,611 and receives a building with a fair market value of $219,351. Compute the following.

a. Rafael's realized gain on the exchange is $.
b. Rafael's recognized $1031 gain is $___.
c. Rafael's $1245 depreciation recapture of $___is carried over to the replacement property.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:30
Diversity is an obstacle all marketers face: true false
Answers: 2
question
Business, 22.06.2019 07:00
For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent
Answers: 3
question
Business, 22.06.2019 07:40
Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000
Answers: 1
question
Business, 22.06.2019 23:00
Which completes the equation? o + a + consideration (+ = k legal capacity legal capability legal injunction legal corporation
Answers: 1
You know the right answer?
In a $1031 like-kind exchange, Rafael exchanges a business building that originally cost $346,800. O...
Questions
question
Chemistry, 01.08.2019 08:30
question
Computers and Technology, 01.08.2019 08:30
Questions on the website: 13722362