Talbot purchased a laptop for $1,500 and a television for $1,300. the laptop is used solely for business and the television solely for personal entertainment. during the same year, talbot experienced serious financial difficulty and sold the television for $300 and the laptop for $1,000.
what amount, if any, is talbot entitled to deduct as a loss relating to the sale of the television and laptop? a)$0
b)$500
c)$1,000
d)$1,500
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 10:10, manny2275
True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity
Answers: 3
Business, 22.06.2019 11:00, cedricevans41p4j3kx
The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?
Answers: 2
Business, 22.06.2019 11:10, nataliahenderso
Which feature is a characteristic of a corporation?
Answers: 1
Business, 22.06.2019 19:40, biasmi70
Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i. e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35
Answers: 2
Do you know the correct answer?
Talbot purchased a laptop for $1,500 and a television for $1,300. the laptop is used solely for busi...
Questions in other subjects:
Mathematics, 07.12.2020 04:10
History, 07.12.2020 04:10
Social Studies, 07.12.2020 04:10
Chemistry, 07.12.2020 04:10
English, 07.12.2020 04:10
Computers and Technology, 07.12.2020 04:10
