Bill exchanged an old machine for a new one. The old machine cost $1,200 and had accumulated depreciation of $900 at the time of the exchange. The fair value of the machine was $250 at the time of the exchange. Bill also paid $1,075 at the time of the exchange. The new machine bill acquired has a fair value of $1,325. The exchange does not have commercial substance. What is the amount of Bill's gain or loss on this exchange? Be sure to indicate whether the amount is a gain or a loss. All necessary calculations must be shown to receive credit.

Prepare the journal entry that Bill should record for this exchange.

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

How did lani lazzari show her investors she was a good investment? (site 1)

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms. a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.