Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 6 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Business & Finance Posted 24 May 2017 My Price 4.00

Jasmine owned rental real estate that she sold to her tenant in an installment

86.   LO.7, 8, 10 Jasmine owned rental real estate that she sold to her tenant in an install- ment  sale.  Jasmine  acquired  the  property  in  2003  for  $400,000;  took $178,000 of depreciation on it; and sold it for $210,000, receiving $25,000 immediately and the balance (plus interest at a market rate) in equal payments of $18,500 for 10 years. What is the nature of the recognized gain or loss from this transaction?

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 24 May 2017 07:05 AM My Price 4.00

-----------

Attachments

file 1495611839-Answer.docx preview (91 words )
8-----------6.Â----------- Â ----------- L-----------O.7-----------, 8-----------, 1-----------0 J-----------asm-----------ine----------- ow-----------ned----------- re-----------nta-----------l r-----------eal----------- es-----------tat-----------e t-----------hat----------- sh-----------e s-----------old----------- to----------- he-----------r t-----------ena-----------nt -----------in -----------an -----------ins-----------tal-----------l- -----------men-----------t ----------- sa-----------le.-----------  -----------Jas-----------min-----------e ----------- ac-----------qui-----------red-----------  -----------the-----------  -----------pro-----------per-----------tyÂ-----------  i-----------n ----------- 20-----------03Â-----------  f-----------orÂ-----------  $-----------400-----------,00-----------0; ----------- t-----------ook----------- $-----------178-----------,00-----------0 o-----------f d-----------epr-----------eci-----------ati-----------on -----------on -----------it;----------- an-----------d s-----------old----------- it----------- fo-----------r $-----------210-----------,00-----------0, -----------rec-----------eiv-----------ing----------- $2-----------5,0-----------00 -----------imm-----------edi-----------ate-----------ly -----------and----------- th-----------e b-----------ala-----------nce----------- (p-----------lus----------- in-----------ter-----------est----------- at----------- a -----------mar-----------ket----------- ra-----------te)----------- in----------- eq-----------ual----------- pa-----------yme-----------nts----------- of----------- $1-----------8,5-----------00 -----------for----------- 10----------- ye-----------ars-----------. W-----------hat----------- is----------- th-----------e n-----------atu-----------re -----------of -----------the----------- re-----------cog-----------niz-----------ed -----------gai-----------n o-----------r l-----------oss----------- fr-----------om -----------thi-----------s t-----------ran-----------sac-----------tio-----------n?
Not Rated(0)