Lynn purchases a house for $52,000. She converts the property to rental property when the fair market value is $115,000. After deducting depreciation (cost recovery) expense of $1,130, she sells the house for $120,000. What is her recognized gain or loss?
A. $0
B. $6,130
C. $37,630
D. $69,130
Answer: D
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Sora is a teenager who loves to shop for clothes. She has a points card from Trend Town, her favorite shop
Sora's card is scanned each time she makes a purchase at Trend Town, and the more she uses the card, the more special offers she receives from the shop. Managers at Trend Town are likely to use information from Sora's shopping for the purpose of customer acquisition. Indicate whether the statement is true or false
The purposes of sending an application or résumé follow-up message to an employer include jogging the memory of the hiring manager, showing your serious interest in the position, and A) emphasizing your qualifications or adding new information
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Kramer goes to Lawn & Garden to tune up his mower. Martin, the service tech-ni-cian, learns that Kramer's lawn is overgrown and rocky and advises the use of a certain type of oil, plug, filter, and blade. Later, while Kramer is mowing his lawn, the mower breaks down due to the use of the items recommended by Martin. Kramer may recover from Lawn & Garden for breach of A) an express warranty
B) an implied warranty of fitness for a particular purpose. C) an implied warranty of merchantability. D) a warranty of title.
The rights of a holder of a duly negotiated warehouse receipt are extinguished by the warehouser's surrender of goods to the depositor.?
Indicate whether the statement is true or false