subject
Business, 30.06.2021 02:10 idk8348

Douglas owns rental property that he bought several years ago for $250,000. He has taken depreciation on the house in the amount of $35,000 since buying it. He sells it in 2020 for $290,000. His selling expenses are $12,000 for the year. What was Bob's realized gain on the sale? a. $77,000.
b. $63,000.
c. $18,000.
d. $53,000.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 17:00
Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined
Answers: 1
question
Business, 21.06.2019 17:30
Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration
Answers: 2
question
Business, 22.06.2019 09:40
The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions
Answers: 3
question
Business, 22.06.2019 10:30
What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.
Answers: 1
You know the right answer?
Douglas owns rental property that he bought several years ago for $250,000. He has taken depreciatio...
Questions
question
Mathematics, 21.02.2021 14:00
question
Mathematics, 21.02.2021 14:00
question
English, 21.02.2021 14:00
question
Mathematics, 21.02.2021 14:00
Questions on the website: 13722362