How do you calculate depreciation for a like-kind exchange for something that has a 5 year...

How do you calculate depreciation for a like-kind exchange for something that has a 5 year MACRS life using the half life convention (before the law was changed to just real property)?

Expert Solution

ekkarill92 answered 1 year ago

If there is a like-kind exchange of property between related parties, how long do they have...

If there is a like-kind exchange of property between related parties, how long do they have to wait to dispose of the property received in order to avoid having to recognize any gain on the exchange? A) 6 months B) 1 year C) 2 years D) no waiting period Please explain

In a like-kind exchange, if there is a mortgage you are receiving/assuming and one you are...

In a like-kind exchange, if there is a mortgage you are receiving/assuming and one you are giving up, is that a part of the AB? How does that fit into the calculation of finding a gain, loss and the new adjusted basis?

How do you calculate depreciation as a percentage of fixed assets?

In general, how do we calculate the value of something?

The following question is an like-kind exchange. A's factory is $100,000 and has a $5,000 mortgage...

The following question is an like-kind exchange. A's factory is $100,000 and has a $5,000 mortgage debt. the adjusted basis is $12,000. B’s factory is $100,000 and has a $5,000 mortgage debt. the adjusted basis in the is $22,000. A and B have agreed to relieve one another of any liability on the other party’s debts. Whats A's recognized gain ? What A's Realized Gain? Whats B's recognized gain ? What B's Realized Gain? Show Work

When you receive boot in a like-kind exchange, other than cash received

When you receive boot in a like-kind exchange, other than cash received, do you take the FMV of the boot other than cash to compute Amount Realized? Other than cash received, can you include Assumption of a Liability and the FMV of inventory recieved in addition to the like-kind property and cash as a part of boot? Additionally, do you include the FMV of the assets other than like-kind exchanged for your new asset in adjusted basis in order...

Which of the following cannot be structured as a like-kind exchange? A) A business for an...

Which of the following cannot be structured as a like-kind exchange? A) A business for an investment B) An investment for a personal residence C) A business for a business D) A investment for an investment

Kristin wants to defer a like-kind exchange. In order to qualify as a deferred exchange Kristin...

Kristin wants to defer a like-kind exchange. In order to qualify as a deferred exchange Kristin must identify in writing, the property to be received within: 1) 30 days after the date that the property given up in the exchange is transferred. 2) 45 days after the date that the property given up in the exchange is transferred. 3) 60 days after the date that the property given up in the exchange is transferred. 4) 180 days after the date...

You will create an interest web based on something you like to do. Please follow the...

You will create an interest web based on something you like to do. Please follow the step-by-step directions below. 1) Make a list of the things/activities you liked to do as a child. 2) Make a list of the things/activities you like to do as an adult. 3) Find one thing in common from both of your lists - it should be an activity that you liked doing as a child and still like doing today. Take that one activity...

How can you tell what kind of market structure something is by only looking at a...

How can you tell what kind of market structure something is by only looking at a graph that shows demand, marginal revenue (in the short and logn run) and marginal cost and average cost? What do you look for to determine the type of market structure that it is?

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