subject
Business, 28.06.2019 16:20 asmita9876

Bozeman sold equipment that it uses in its business for $80,000. bozeman bought the equipment two years ago for $75,000 and has claimed $20,000 of depreciation expense. what is the amount and character of bozeman's gain or loss? $5,000 ordinary gain, and $20,000 §1231 gain. none of the choices are correct. $25,000 capital gain. $20,000 ordinary gain, and $5,000 §1231 gain. $25,000 §1231 gain.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 20:00, HahaHELPP
In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer
Answers: 1
image
Business, 22.06.2019 22:50, sydneip6174
Suppose that the u. s. dollars-mexican pesos exchange rate is fixed by the u. s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs. which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u. s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u. s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u. s. dollars.
Answers: 1
image
Business, 22.06.2019 23:30, bb1593
As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.
Answers: 2
image
Business, 23.06.2019 00:50, Bunnybear3384
On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:
Answers: 3
You know the right answer?
Bozeman sold equipment that it uses in its business for $80,000. bozeman bought the equipment two ye...

Questions in other subjects:

Konu
Chemistry, 04.02.2021 07:00
Konu
Chemistry, 04.02.2021 07:00
Konu
Physics, 04.02.2021 07:00