CH13HW - a) 6,000 = 40,000 - 34,000 b) c) 34,000 d) 20,000...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
(CH13) 33, 37, 39, 41, 43, 45, 47, 49, 56 13.33 a) 54,000 AGI = 40,000 + 14,000 b) 28,000 AGI = 40,000 - 12,000 OL c) 37,300 AGI = 40,000 - 9,000 OL + 6,300 LTCG d) 30,000 AGI = 40,000 - 7,000 OL - 3,000 (limit) LTCL 13.37 a) 0 b) 3,000 13.39 NCG §1231 Gs §1231 Ls Cumulative 2002 2,000 9.0 7.0 2003 (4,000) 20.0 24.0 -4,000 2004 (7,000) 12.0 19.0 -11,000 2005 0 9.0 4.0 -6,000 2006 5,800 25.0 13.2 0 2007 (7,000) 10.0 17.0 13.41 a) 407 - 300 = 107 realized gain >>> §1245 OI b) 752 - 300 = 452 realized gain >>> 350 = §1245 OI >>> 102 = §1231 gain c) 245 - 300 = 55 realized loss >>> §1231 loss 13.43 a) 403 = 806/2 6,000 * 70% = 4,200 MAX Depreciation b) 487 = 3,000*70%-(4200-840-1344-403) -840 -20% Gain = 487 -1344 -32% Adj Base= 1613 806.40 19.20% 13.45
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: a) 6,000 = 40,000 - 34,000 b) c) 34,000 d) 20,000 1245 Gain e) 29,000 1245 OI >>> 2,000 1231 Gain 13.47 a) 610,000 b) 1250 OI = 130,000 >>> 1231 Gain = 480,000 SP AB c) 1231Gain = 80,000 Building 720,000 110,000 Land 180,000 100,000 13.49 a) Increase 12,000 x 30% b) Increase (19,000 - 10,000) = 9,000 LTCG 1231 c) 163,000 - 140,000 = 23,000 LTCG 1231 10,000 @ 30% 13,000 @ 25% d) 127,000 - 140,000 = (13,000) 1231 LTCL 13.56 a) 4,050,000 - 1,700,000 = 2,350,000 1,000,000 @ 25% 1250 1,350,000 @ 15% 1231 b) 450,000 - 300,000 = 150,000 1231 Gain c) 1,000,000 1250 Gain @ 25% d) 1,000,000 - 50,000 = 950,000 @ 25%...
View Full Document

This note was uploaded on 10/06/2008 for the course ACC 600 taught by Professor Livingstone during the Spring '08 term at UNC Greensboro.

Ask a homework question - tutors are online