Perry acquired raw land as an investment 16 years ago. the land cost $50,000. in the current year, the land is sold for a total sales price of $120,000, consisting of $10,000 cash and the buyer's note for $110,000. assume that perry uses the installment method to recognize the gain and receives only the $10,000 down payment in the year of sale. how much gain should perry recognize in the current year?

The cost of the land = $50000

The selling price of the land = $120000

Total profit gained on the land =

Total amount received in cash in current Year = $10000

As given , let us assume that Perry uses the installment method to recognize the gain

Profit to be recognized in current year using installment method =

(Total Profi *Cash Received) /Sales Consideration

= =5833.33

Hence, Perry should recognize a gain of $5833.33

option 2 is correct.

step-by-step explanation:

we are given two inequality equation

x+y> 5 and -3x+2y< -2

first we draw the graph of both function using t-table method

equation: x+y> 5

for x=0, y=5

for x=-5, y=0

table:

x   :   0     5

y   :   5     0

test point (0,0) , 0> 5

false

equation: -3x+2y< -2

for x=0, y=-1

for x=2, y=4

table:

x   :   0     2

y   : -1       4

test point (0,0) , 0< -2

true

now we draw the graph. see the attachment for graph.

common region would be solution set.

option 2 is correct.

e^-kt = n/n0 = 0.79  

-kt = ln 0.79  

t = - ln 0.79/0.0001  

= 2357 years

step-by-step explanation: