Carl, Deb, and Ellen created an equal general partnership by pooling their assets. Because the assets were contributed to the partnership in exchange for ownership interests, there was no gain or loss recognition for Carl, Deb, or Ellen.
The partners will maintain their own capital accounts to reflect the amount and composition of their initial investment in the partnership. The partnership received Carl's equipment, which had a $1,000 basis but a $3,000 fair market value, as well as his goodwill, which had a $0 basis but a $5,000 fair market value. Section 1245 of the Internal Revenue Code applies to depreciable personal property (such as equipment), which means that the difference between basis and fair market value (in this case, $2,000) is taxable as ordinary income. Because the property has been kept for two years, it is a long-term capital gain and is taxed at a lower rate.
The partnership received Deb's cash ($3,000 basis and $3,000 fair market value), Whiteacre (a piece of real estate that Deb has owned for five years and is worth $4,000, despite a $10,000 basis), and an installment note (with a $500 basis and a $2,000 fair market value). Deb does not realize any gain or loss on the cash because the basis equals the fair market value, but she realizes a loss on the installment note because the fair market value ($2,000) is less than the basis ($500). Because Whiteacre was used for investment purposes, it is considered a capital asset. As a result, the difference between the basis and the fair market value ($6,000) is a long-term capital loss that can offset any capital gains that the partnership may recognize later.Ellen contributed cash ($7,000 basis and $7,000 fair market value) and Greenacre (a piece of real estate that Ellen has owned for two years and is worth $2,000, despite a $1,000 basis). Ellen does not realize any gain or loss on the cash because the basis equals the fair market value. The difference between the basis and the fair market value of Greenacre ($1,000) is a short-term capital gain that is taxed at ordinary income rates. The tax consequences for the partnership are as follows:Whiteacre's $6,000 capital loss offsets the $2,000 short-term capital gain on Greenacre, resulting in a net capital loss of $4,000 for the partnership. The partnership will be able to use $3,000 of this loss to offset other capital gains, with the remaining $1,000 carrying forward to future years.
At the time of formation, the balance sheet for the partners and the partnership is given below:Carl: Goodwill $5,000 Equipment $3,000 Account receivable $1,000 Total assets $9,000Deb: Cash $3,000 Whiteacre $4,000 Installment note $2,000 Total assets $9,000Ellen: Cash $7,000 Greenacre $2,000 Total assets $9,000Partnership: Cash $10,000 Whiteacre $4,000 Greenacre $2,000 Total assets $16,000
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Round 843,590 to the nearest thousand,
Answer:
844,000
Step-by-step explanation
Last three numbers are the hundreds, that's what you round when doing thousands. If it is higher than 500, then raise it to the next thousand, if not then keep it the same. In this case, 590>500, so I will round up to 844,000.
Find the value of a^3+8b^3if a+2b=10 and ab=15
The values of[tex]a^3 + 8b^3[/tex]are 280 when b = 3 and 125 when b = 5/2.
To find the value of [tex]a^3 + 8b^3[/tex], we can use the given information about a and b. Let's proceed step by step:
1. We are given that a + 2b = 10. We can rearrange this equation to express a in terms of b: a = 10 - 2b.
2. We are also given that ab = 15. Substituting the expression for a from the previous step into this equation, we get (10 - 2b)b = 15.
3. Expanding the equation, we have [tex]10b - 2b^2 = 15.[/tex]
4. Rearranging the equation, we get[tex]2b^2 - 10b + 15 = 0.[/tex]
5. This is a quadratic equation in terms of b. We can solve it using factoring, completing the square, or the quadratic formula. In this case, we can factor the equation as (b - 3)(2b - 5) = 0.
6. From the factored equation, we find two possible values for b: b = 3 or b = 5/2.
7. To find the corresponding values of a, we substitute these values of b into the expression a = 10 - 2b. We find a = 4 when b = 3, and a = 0 when b = 5/2.
8. Now, we can calculate the value of [tex]a^3 + 8b^3[/tex] using the values of a and b we found. For the case when b = 3, we have [tex]a^3 + 8b^3 = 4^3 + 8(3)^3[/tex] = 64 + 216 = 280. For the case when b = 5/2, we have[tex]a^3 + 8b^3 = 0^3 + 8(5/2)^3 = 0 + 8(125/8) = 125.[/tex]
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Question 7 of 10
What is the value of n?
1131-
160"
A. 690
B. 29°
C. 20°
D. 49°
a rectangular picture is 6 centimeters longer than it is wide. a frame 1 centimeter wide is placed around the picture.
The dimensions of the framed picture would be "x + 2" centimeters for the width and "x + 8" centimeters for the length, where "x" represents the width of the original rectangular picture.
To determine the dimensions of the framed picture, we can use the information. Let's assume the width of the picture is "x" centimeters.
Since the rectangular picture is 6 centimeters longer than it is wide, the length of the picture would be "x + 6" centimeters.
When a frame 1 centimeter wide is placed around the picture, it adds 1 centimeter to each side of the picture.
Therefore, the width of the framed picture would be "x + 2" centimeters (2 additional centimeters for the frame on both sides) and the length would be "x + 6 + 2" centimeters (2 additional centimeters for the frame on both sides).
In simplified form, the dimensions of the framed picture would be width: "x + 2" centimeters and length: "x + 8" centimeters.
The complete question is "'A rectangular picture is 6 cm longer than it is wide. A frame 1 cm wide is placed around the picture. Write a polynomial that represents the area of the frame?"
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120% of it is 24. What is the number
Answer:
20
Step-by-step explanation:
1.2x = 24
x = 20
Answer:
20
Step-by-step explanation:
1.2x = 24
x = 20
Step-by-step explanation:
-
What is the absolute value of -6? Use the number line to help answer the question.
2
6
S
4
3
2
1
6
7
Answer:
Hi guys! Its 6, I took the quiz and I was sure to check after!!
Step-by-step explanation:
Pete has a 15-foot ladder. The safety instructions recommend he should have the base of the ladder 6 feet from the base of the wall he will lean the ladder against. How high will the ladder
reach on the wall?
Round to the nearest tenth
GET BRAINLYY IF CORRECT
Answer:
13.7
Step-by-step explanation:
A{2} + B{2} =C{2} \\
6{2} +B{2} =15{2} \\
6x6+B(2) =15x15\\
36+B(2)=225\\
-36\\
\sqrt{189} =13.7
Question 4 (1 point ) Tell whether the sequence is arithmetic. If it is, what is the common difference? 2,7,13,20,dots
a yes; 5
b yes; 6 c yes; 2 d no
The sequence is arithmetic. The common difference is 6. Answer: b
If a sequence is arithmetic, there exists a common difference d that is added to each term to get the next term. For instance, given the sequence 2, 5, 8, 11, 14, ... to get each of the subsequent terms, we add 3. 2 + 3 = 5; 5 + 3 = 8, and so on.
The given sequence is 2,7,13,20, ...To determine whether it is an arithmetic sequence, we need to find the common difference d.
Subtract each subsequent term from its preceding term;7 - 2 = 513 - 7 = 620 - 13 = 7
Therefore, the common difference d is 6.
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1. Shannon traveled 608 miles in 8 hours.How far did she travel in 1 hour?
78 mph
77 mph
O 87 mph
76 mph
Answer:
the answer is 76 mph
Step-by-step explanation:
Answer:
76 Mph
Step-by-step explanation:
Divide 608 by 8 to get 76.
After you get 76 from dividing you can then check your answer by multiplying 76 by 8 to get 608.
Thus 76 is the answer.
Hope this helps and have a great day.
Can someone plz help
Answer:
5/9
Step-by-step explanation:
Answer:
[tex]\frac{16}{21}[/tex]
Step-by-step explanation:
3/4 of an hour = 3/4 of 60 = 45Set up a proportion: [tex]\frac{\frac{4}{7} }{45} = \frac{x}{60}[/tex] Cross multiply, then divide: 60 × 4/7 = 240/7, 240/7 ÷ 45 = 16/21I hope this helps!
What is x equal
need help now
Answer:
79 degrees
Step-by-step explanation:
x and the angle that measures 79 degrees are alternate interior angles, which makes them the same measure.
Alternate interior angles are both on the inner sides of the parallel lines but on opposite sides of the transversal, which is the diagonal line crossing m and n. Another way you can identify these angles is by noticing the "Z" shape that they make.
I hope this helps! Please comment if you have any questions.
PLEAS HELP HELP PLEASE
Answer:
x
Step-by-step explanation:
You hit a golf ball into the air from a height of inches above the ground, with an initial velocity of 85 ft/s. The function is h= -16t^2+85t+1/12, models the height, in feet, of the ball at time ¨t¨, in seconds. Will the ball ever reach a height of 125 ft?
Answer:
The ball will not get up to 125 ft
Step-by-step explanation:
The initial velocity of the golf ball = 85 ft/s
The function for the height, h, in feet, of the golf ball is h = -16·t² + 85·t + 1/12
Where;
t = The time in seconds of flight of the golf ball
We have at maximum height, dh/dt = 0, which gives;
dh/dt = d(-16·t² + 85·t + 1/12)/dt = 0
-32·t + 85 = 0
t = 85/32
Given that d²h/dt² = d(-32·t + 85)/dt = -32 which is negative, the obtained point, t = 85/32, above is a maximum point
Substituting the value of t at the maximum into the function for the height h, to obtain the value for the maximum height, we have;
h[tex]_{(max)}[/tex] = h(85/32) = -16 × (85/32)² + 85× (85/32) + 1/12 ≈ 112.974
The maximum height reached = h[tex]_{(max)}[/tex] = 112.974 ft.
The maximum height reached ≈ 112.974 ft
Therefore, the ball will not get up to 125 ft.
Help please thanks! Keidbekdnsjsjsjsjsjs
Answer: where is the figure tot he right???
Step-by-step explanation:
The number 0 is an element of the set of natural numbers. OA. True B. False
Answer:
false
Step-by-step explanation:
0 is a whole number not natural
Natural Number can be classified as "Positive Integer" or "Counting Numbers". So think about it, In real life, we count from 1 right? We do not start from 0 for counting numbers.
So it's false.
What do the differences between the points (as shown on the graph) represent?
Answer:
They represent the rise and run of the graph.
Step-by-step explanation:
The difference between the x-axis of the points represents the "run" of the graph (or how much you should run along x-axis to get to the next point.)
The difference between the y-axis of of the points represents the "rise" of the graph (or how much you should rise up the y-xis to get to the next point).
The ratio of rise to run is the slope of the graph, which tells us how many steps should we take on the y-axis for every step we move forward on the x-axis.
Silas has 5 1/4 cups of flour he uses 3 1/2 cups to bake bread, then he borrows another 2 cups from his neighbor
Given statement solution is :- Baking bread and borrowing from his neighbor, Silas has 15/4 cups of flour remaining.
To solve this problem, we'll perform the necessary calculations step by step.
Silas starts with 5 1/4 cups of flour.
To convert the mixed number to an improper fraction, we multiply the whole number (5) by the denominator (4) and add the numerator (1). This gives us (5 × 4) + 1 = 21/4 cups of flour.
Silas uses 3 1/2 cups of flour to bake bread.
To subtract fractions, we need to have a common denominator. The denominators here are 4 and 2, so we'll convert the second fraction to have a denominator of 4.
3 1/2 is equivalent to (3 × 2) + 1 = 7/2 cups of flour.
Now we can subtract: 21/4 - 7/2.
To subtract fractions with the same denominator, we subtract the numerators and keep the denominator the same.
21/4 - 7/2 = (21 - 14) / 4 = 7/4 cups of flour remaining.
Silas borrows another 2 cups from his neighbor.
To add fractions, we need a common denominator. The denominators here are 4 and 1, so we'll convert the second fraction to have a denominator of 4.
2 is equivalent to 2/1 cups of flour.
Now we can add: 7/4 + 2/1.
To add fractions with the same denominator, we add the numerators and keep the denominator the same.
7/4 + 2/1 = (7 + 8) / 4 = 15/4 cups of flour.
Therefore, after baking bread and borrowing from his neighbor, Silas has 15/4 cups of flour remaining.
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I will name brainliest :)
Answer:
The median and IQR
Step-by-step explanation:
Hope it helps
can any one help me plz
Answer:
$0.11
Step-by-step explanation:
price ($28.16) divided by amount (265) = unit rate
Which of these is a simplified form of the equation 7y+8=9+3y+2y?
A. 7y=6
B. 2y=1
C. 12y=17
D. 5y=17
If 5(y -2) – 3(y+ 4)=0, then
Answer:
By solving the question y =11
Answer:
y=11
Step-by-step explanation:
Solution of
3/20+1/25-11/60=
Answer:0.06
Step-by-step explanation:
Answer:
0.006
Step-by-step explanation:
3/20 = 0.15 + 1/25 = 0.19 - 11/60
= 0.00666666
Please answer !!!!!!! Will mark brainliest !!!!!!!!
Answer: A. 4(8m-2) and 32m -8
Step-by-step explanation: First distribute the 4 to 8m and -2 to get 32m - 8 which is equal to 32m - 8.
32m - 8 = 32m - 8
Hope this helps! :)
Answer:
The first one
Step-by-step explanation:
4(8m-2)=32m-8
Lily is buying candy for party favors. She needs 1.5 pounds of chocolates, 0.75 pounds of mints, and 15 lollipops. What is the total cost for the candy? A. $5.84 B. $8.82 C. $15.30 D. $18.27 Candy Cost mints $0.96 per pound chocolates $4.70 per pound lollipops $0.07 each
Answer:
The answer is B. $8.82Step-by-step explanation:
given data
mints $0.96 per pound
chocolates $4.70 per pound
lollipops $0.07 each
cost of each items based on the amount item
mints $0.96*0.75= 0.72
chocolates $4.70*1.5=7.05
lollipops $0.07*15=1.05
total cost= 0.72+7.05+1.05
total cost=$8.82
Answer:
The answer is 8.82
Step-by-step explanation:
PLEASE help me I will give brainliest
Answer:
25
Step-by-step explanation:
2. What does it mean if P(-4) for the polynomial function P(x) = x3 + 11x²+34x + 24 equals zero?
the factors of P(x) are:(x + 4)(x - 6)(x + 3)
If P(-4) for the polynomial function P(x) = x³ + 11x² + 34x + 24 equals zero, then it means that x + 4 is a factor of the polynomial function.
Let's substitute -4 for x in the polynomial function, then we'll have:
P(-4) = (-4)³ + 11(-4)² + 34(-4) + 24P(-4) = -64 + 176 - 136 + 24P(-4) = 0If P(-4) is zero, then the polynomial has a factor of x + 4.
We can find out the other factor by dividing the polynomial by x + 4:x³ + 11x² + 34x + 24 ÷ (x + 4) = x² + 7x + 6(x + 4) + (-10x - 24)x² + 7x + 6 + (-10x - 24) = x² - 3x - 18
We can now factor this quadratic polynomial: x² - 3x - 18 = (x - 6)(x + 3)
Therefore, the factors of P(x) are:(x + 4)(x - 6)(x + 3)
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Which number line represents the solution to 5x < 30?
Answer:
x<6
Step-by-step explanation:
5x < 30 divide by 5
x=6
Answer:
Step-by-step explanation:
21
Please help solve ive been on this question for hours
Answer:
Joseph pays £133.20
Step-by-step explanation:
740 - 296 = 444
30% of 444 = 133.20
Therefore he pays £133.20
can someone answer please? i will give brain-list
Answer:
x=5
Step-by-step explanation:
9x=4x+25
-4x -4x
5x=25
x=5
what is the answer to this equation 3x + 4 - 8x = 24
Answer:
-4
Step-by-step explanation:
3x-8x+4=24
-5x=24-4
-5x=20
x=-4
Answer:
[tex]x = - 4 [/tex]Step-by-step explanation:
[tex]3x + 4 - 8x = 24 \\ [/tex]
Simplify the expression on the left side of the equation
That's
[tex]4 - 5x = 24[/tex]
Subtract 4 from both sides of the equation
[tex]4 - 4 - 5x = 24 - 4\\ - 5x = 20[/tex]
Divide both sides by - 5
[tex] \frac{ - 5x}{ - 5} = \frac{20}{ - 5} \\ [/tex]
We have the final answer as
[tex]x = - 4 \\ [/tex]
Hope this helps you
