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

Author Question: Sela sold a machine for $140,000. The machine originally cost $90,000 and $10,000 of MACRS ... (Read 1080 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Sep 13, 2020
Sela sold a machine for $140,000. The machine originally cost $90,000 and $10,000 of MACRS depreciation had been allowable. The buyer assumed an existing loan of $40,000, paid $20,000 cash down and agreed to pay $10,000 per year for eight years plus interest. Selling expenses are $10,000. The total gross profit for installment sale recognition purposes is
◦ $30,000.
◦ $40,000.
◦ $50,000.
◦ $60,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a0266361136 on Sep 13, 2020

kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


Will Shipp

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Apr 26, 2021
thank you
« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

A Wave Machine Generating Electricity off the Coast of Portugal A Wave Machine Generating Electricity off the Coast of Portugal
Cost of Going to School Cost of Going to School
ECG MACHINE ECG MACHINE
ECG machine ECG machine
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library