This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Ralph purchased a home in 2012 for 600,000. Ralph added a pool and landscaping for 36,000. Ralph ... (Read 145 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 24, 2018
Ralph purchased a home in 2012 for 600,000. Ralph added a pool and landscaping for 36,000. Ralph lost his job and had to sell the home In a short sale for 420,000. Ralph had depreciated 32,000. The real estate commission was 28,000. What is the capital gains computation for Ralph?
 A)A gain of 392,000
 B)A gain of 212,000
 C)A loss of 212,000
 D)A loss of 280,000

Question 2

Long's Drugs is the anchor tenant in Oak Hill Shopping Center. Under its lease terms, Oak Hill is prohibited from leasing any space in the Center to another drug store. The clause:
 A) Is invalid because it is anticompetitive.
 B) Is invalid because it is too broad.
 C) Is valid.
 D) Both a and b
 E)None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

C


SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1 Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
John Hick (1922–2012). John Hick (1922–2012).
Unseasonably warm in March 2012 Unseasonably warm in March 2012
Dried fruits often have sulfur dioxide or other sulfites added to them to preserve color and flavor Dried fruits often have sulfur dioxide or other sulfites added to them to preserve color and flavor
A batter hits a home run in which the ball travels 110 m horizontally with no appreciable ... A batter hits a home run in which the ball travels 110 m horizontally with no appreciable ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library