Mark and his brother, rick, each own farms. rick is experiencing severe financial difficulties and cannot afford to buy feed for his cattle. mark purchases $2,000 of feed and gives rick one-half of the feed. mark tells rick that there is no need to repay him and to consider the feed a gift. which of the following statements is true? a) mark can deduct $2,000 for the feed. b) mark can deduct $1,000 for the feed. c) rick must report $1,000 as income. d) none of the above is true.

B) Mark can deduct $1,000 for the feed.

Explanation:

Gifts upto a certain amount of money are not required to be reported so Rick shouldn´t report that gift nor pay taxes for it, but in the case of mark he could deduct the $1,000 for the gift of the feed to his brother, there are certain documents that need to be handled and shared but Mark cna deduct the $1000 that he gave to Rick from his taxes.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

it's obviously d. it could be c though.