Business, 17.04.2020 19:05, Jonah58

Carly's Classic Limo Service sold one of its automobiles for $19,000. The car was an antique car that Carly used to promote the business. The car had an original cast of $13,000 with $11,000 in accumulated depreciation. The recognized gain on the sale was $. Carly will recognize ordinary income due to depreciation recapture of $ and Section 1231 gain of $.

a.$17,000
b.$11,000
c.$6,000

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:20, andrea1704

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Answers: 3

continue

Business, 22.06.2019 11:30, kimjp56io5

Amano s preguntes cationing to come fonds and consumer good 8. why did the u. s. government use rationing for some foods and consumer goods during world war ii?

Answers: 1

continue

Business, 22.06.2019 12:30, o11011195

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying

Answers: 1

continue

Business, 22.06.2019 23:50, jiang6117

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.

Answers: 2

continue

Do you know the correct answer?

Carly's Classic Limo Service sold one of its automobiles for $19,000. The car was an antique car tha...