In April 2018, Amelia exchanges a commercial fishing boat with a $350,000 adjusted basis for a similar boat with a $560,000 fair market value. Both assets are for her business use.
a. What is the amount of gain or loss realized by Amelia?
b. What is the amount of gain or loss recognized by Amelia?
a. $560,000 - $350,000 = $210,000 gain realized
b. All $210,000 gain realized is also recognized. Effective as of January 1, 2018 the like-kind deferral provisions only apply to exchanges of real property.
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a. people; factors b. systems; practices c. people; practices d. systems; relationships
Answer the following statement(s) true (T) or false (F)
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Fifty percent of all college students attend schools within 50 miles of their homes. In a sample of 500 college students, the probability that the sample proportion will be between 0.45 and 0.55 is:
a. 0.4875. b. 0.9818. c. 0.4909. d. 0.9750. e. 0.5000.
What does link juice describe?
a. Link quality. b. A site's members. c. Link quantity. d. A site's content. e. A site's brand equity.