Kelly inherits land which had a basis to the decedent of $95,000 and a fair market value of $50,000 on August 4, 2018, the date of the decedent’s death. The executor distributes the land to Kelly on November 12, 2018, at which time the fair market value is $49,000. The fair market value on February 4, 2019, is $45,000. In filing the estate tax return, the executor elects the alternate valuation date. Kelly sells the land on June 10, 2019, for $48,000. What is herrecognized gain or loss? ($1,000) ($2,000) ($47,000) $1,000 None of the above

Answers

Answer 1

Answer:

The correct option is;

Her recognized loss is ($1,000)

Step-by-step explanation:

The given information are;

The basis of the land to the decedent = $95,000

The land's market value on 4th of August 2018 when the decedent died  = $50,000

The alternate valuation date = 6 months + The date of death of the decedent = 4th February, 2019

The value filed by the executor on the tax return using the alternate valuation date = The market value of the estate on 4th of February 2019

The market value of the land on 4th of February 2019 = $45,000

∴ The value filed by the executor on the tax return using the alternate valuation date = $45,000

The value of the land on November 12, 2018 when the executor distributed the land to Kelly = $49,000

The value at which Kelly sells the land on June 10, 2019 = $48,000

Given that, recognized gain is the profit made from selling an asset based on the value of the asset when it was obtained, we have;

Kelly's recognized gain or loss = (The value at which Kelly sells the land) - (The value of the land when the executor distributed the land to Kelly)

Kelly's recognized gain or loss = $48,000 - $49,000 = -$1,000 = ($1,000)

Therefore, Kelly's recognized loss = ($1,000).


Related Questions

in the school there is 1 boy for every 4 girls. there is a total of 11 boys how many girls are in choir

Answers

Answer:

There are 33 girls in choir

Step-by-step explanation:

4 x 11 = 44 (we get four from the 1 boy for every 4 girls)

assuming that we have 44 kids in the class, 1/4 will be boys. 44/4 = 11 which means that we subtract 11 from 44 which will get you 33.

If there is a total of 11 boys. Then the number of girls in the choir will be 44 girls.

What is Algebra?

The analysis of mathematical representations is algebra, and the handling of those symbols is logic.

PEMDAS rule means the Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This rule is used to solve the equation in a proper and correct manner.

In the school, there is 1 boy for every 4 girls.

If there is a total of 11 boys. Then the number of girls in the choir will be given as,

⇒ 11 x 4

⇒ 44 girls

If there is a total of 11 boys. Then the number of girls in the choir will be 44 girls.

More about the Algebra link is given below.

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The person who answers these three questions will get the brianlist

Answers

Answer:  The answer for 1. is B For 2 its c and for 3 its D

also I LOVE MY HERO ACEDAMEIA

Step-by-step explanation:


Find the slope of the line.

The slope of the line is =

(Simplify your answer. Type an integer or a fraction.

Answers

the slope is -2/3

using rise over run it would be -4/6 then simplified to -2/3

The function g(x) represents f(x) = 9 cosine (x minus StartFraction pi Over 2 EndFraction) + 3 after translating StartFraction pi Over 6 EndFraction units left and 4 units up.

Which equation represents g(x)?

Answers

Answer:

B

Step-by-step explanation:

Im almost sure it B but if not then its for sure D.

The equation that represents the function g(x) is [tex]g(x)=9cos(x-\frac{\pi }{3} )+7[/tex].

What is function?

Function, in mathematics, an expression, rule, or law that defines a relationship between one variable (the independent variable) and another variable (the dependent variable).

What is translation?

Translation means the displacement of a figure or a shape from one place to another. In translation, a figure can move upward, downward, right, left or anywhere in the coordinate system. In translation, only the position of the object changes, its size remains the same.

The function is given as

[tex]f(x)=9cos(x-\frac{\pi }{2} )+3[/tex]

The function f(x) is first translated [tex]\frac{\pi }{6}[/tex] units left.

The rule of translation is:

[tex](x,y)=(x+\frac{\pi }{6},y)[/tex]

So, we have:

[tex]f'(x)=9cos(x+\frac{\pi }{6} -\frac{\pi }{2} )+3[/tex]

Take LCM

[tex]f'(x)=9cos(x+\frac{\pi-3\pi }{6} )+3[/tex]

[tex]f'(x)=9cos(x-\frac{2\pi }{6} )+3[/tex]

[tex]f'(x)=9cos(x-\frac{\pi }{3} )+3[/tex]

Next, translate f'(x) 4 units up.

The rule of this translation is:

[tex](x,y)=(x,y+4)[/tex]

So, we have:

[tex]g(x)=9cos(x-\frac{\pi }{3} )+3+4[/tex]

[tex]g(x)=9cos(x-\frac{\pi }{3} )+7[/tex]

Hence, the equation that represents the function g(x) is [tex]g(x)=9cos(x-\frac{\pi }{3} )+7[/tex].

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What is the formula for calculating slope? Explain it in full.

Answers

Answer:

Use slope formula

Step-by-step explanation:

To calculate the slope, you can use the slope formula which is the change in the height compared to the change in the width. Using ordered pairs, this is the change in the y-values divided by the change in the x-values or the rise divided by the run.

if tanΘ =√3 determine all the possible values of Θ such that -2π≤0≤2π

Answers

Answer:

Sure! Can you tell me the digits of pi?

Step-by-step explanation:

A rectangular box is 8 inches long, 10 inches wide and 6 inches tall. What is the approximate length of its longest diagonal? 10 inches 14.1 inches 4.9 inches 24 inches​

Answers

Answer:

d = 10 inches

Step-by-step explanation:

It is given that,

The length, breadth and the height of a rectangular box is 8 inches×10 inches ×6 inches

We need to find the length of its longest diagonal.

In a rectangle, 6 inches will act as perpendicular and 8 inches will be base. The diagonal can be calculated using Pythagoras theorem as follows :

[tex]d=\sqrt{8^2+6^2} \\\\=\sqrt{64+36}\\\\=10\ \text{inches}[/tex]

So, the length of its diagonal is 10 inches.

which is bigger. 34 1/2 or 34.5

Answers

Answer: They are equal.

Step-by-step explanation:

34 1/2 equals 34.5 in decimal form

34.5 equals 34 1/2 in fractional form

(.5 equals 1/2)


Plz help me I’ll give brainliest

Answers

I think it is D ... I am very sorry if I am wrong :)

A disadvantage of privately owned media is its __________.

Answers

Answer:

Its D

Step-by-step explanation:

PLSS!!!! HELP!!! ME I WILL MARK U!!!!

Answers

Answer:

562

Step-by-step explanation:

Plug in the values of x, y, and z provided.

(5(5)-1)^2-2(7)

Solve.

(25-1)^2-14

(24)^2-14

576-14

562

Answer: 562

Step-by-step explanation:

(5x+y)^2-2z

first put in the known values. (5(5)+(-1))^2-2(7)

(25+-1)^2-14

Second, do 25+-1=24

(24)^2-14

Third, do 24 squared

576-14

Subtract

562

What is the equation of a line through point (-4, 5) that is perpendicular to the line with equation y= -6x+4?
20 POINTS & I WILL GIVE BRAINLIEST

Answers

Answer:

i will help in a bit

Step-by-step explanation:

using the pleading the square method find the vertex of the function f(x)=5x^2+10x+8

Answers

credits to the owner:lisboa, another brainly expert

4y+2x+30 if x=2and y=5​

Answers

54 because if you substitute x and y then add them together you will get 54

Answer:

54

Step-by-step explanation:

First let's replace the values x and y.

4y + 2x + 30 will become (4 * 5) + (2 * 2) + 30

Then we do order of operations.

(4 * 5) is 20..

20 + (2 * 2) + 30

Then we do (2 * 2) which is just four.

20 + 4 + 30

Lastly we add it all up.

24 + 30 = 54

I hope this helps, I hope it's not wrong, but I don't think it is.

A kayak is originally priced at $100. The online retailer gives a discount and the kayak is now priced at $75. Enter the percentage discount for the cost of the kayak.

Answers

Answer:

25%

Step-by-step explanation:

Discount:

  $100 * .25 = $25

New Price:

  $100 - $25 = $75

If f(x) = 2x-5 and g(x) = x2 - 4x - 8, find (f+ g)(x).
O A. (f+9)(x) = x2 - 2x - 13
O B. (f+g)(x) = x2 + 2x - 3
O C. (f+g)(x) = x2 - 2x-3
O D. (f+g)(x) = 3x2 - 4x - 13

Answers

The addition of the functions f(x) and g(x) will be (f+ g)(x) = x² – 2x – 13. Then the correct option is A.

What is a function?

Functions are found all across mathematics and are required for the creation of complex relationships.

If f(x) = 2x – 5 and g(x) = x² – 4x – 8.

Then the function (f+ g)(x) will be

(f+ g)(x) = f(x) + g(x)

(f+ g)(x) = 2x – 5 + x² – 4x – 8

(f+ g)(x) = x² – 2x – 13

Then the correct option is A.

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Consider the equation (x – 4)2 + 3 = 12

Answers

the answer is x= 17/2

Answer:

I'm guessing you're solving for X so

X=  17/2

Step-by-step explanation:

solve the question please

Answers

Can’t see anything sorryyyyyy

Question 6
A person standing 35 feet from a street light casts a shadow as shown. What is the height h of the street light? Assume the triangles
are similar
61
101
a
26 ft
30 ft
b
С
45 ft
27 ft
d

Answers

Answer:

Option (D)

Step-by-step explanation:

From the figure attached,

Since, ΔABD and ΔECD are the similar triangles,

Their corresponding sides will be proportional.

[tex]\frac{AB}{EC}=\frac{BD}{CD}[/tex]

[tex]\frac{h}{6}=\frac{(x+10)}{10}[/tex]

10h = 6(x + 10)

Since, the person is standing 35 feet from a street light,

x = 35 feet

By substituting the value of x in the equation,

10h = 6(35 + 10)

10h = 270

h = 27 ft

Therefore, height of the street light will be 27 feet.

Option (D) is the answer.

Maritza found a bike at the mall for $85.00. The sales
tax is 6%. After taxes, how much will she have to pay for
the bike?

Answers

The total should be $90.1

You can use a calculator to find this. Type in 85-6%=5.1
5.1 is 6% of 85
So, 5.1+85= $90.1

i hope this helps and i'm sorry if it's wrong!

Duncan had 3.8 gallons of paint and used 1.89 gallons for a poster. How much paint did Duncan have left after painting the posture.

Answers

1.91 gallons left
3.8-1.89= 1.91 gallons

Answer:

1.91

Step-by-step explanation:

Duncan had 3.8 and used 1.89 obviously we can't subtract right now so we have to add a 0 to 3.8 so it would 3.80 - 1.89 = 1.91

Which logarithmic equation is equivalent
to 25 = 32?
answer log232 = 5

Answers

5
5
5
5
5
5
5
Is 5 the answer?

Answer:

5

Step-by-step explanation:

EDG 2021

An apple juice company produced 8.3 billion individual-size bottles of apple juice last year. If each bottle contains 355 milliliters of juice, how many milliliters of apple juice did the company produce?

Answers

Answer:

two trillion nine hundred forty-six billion five hundred million

The company produced 2946.5 billion milliliters.

What is multiplication?

Multiplication is a mathematical arithmetic operation.

The process of adding the same number many times is repeated addition.

Multiplication is a repeated addition.

Example - 2 × 3 means 2 is added three times, or 3 is added 2 times.

Given:

Last year,

a company that makes apple juice produced 8.3 billion bottles of apple juice.

And 355 milliliters of juice occupied by each bottle.

then the company produced,

= 355 x 8.3 billion milliliters,

= 2946.5 billion milliliters.

Therefore, 2946.5 billion milliliters.

To learn more about multiplication;

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What number should be subtracted from 3/7 to get 5/7

Answers

8/7 because you can just add the two numbers together and that’s ur answer

What is the range of the function f(x) = 1/2 x- 2 when the domain is { 2,4,6}

Answers

Answer:

The range of f(x) is:

[tex]y\in\{-1,0,1\}[/tex]

Step-by-step explanation:

Domain and Range

Given a function y=f(x), the domain of f(x) is the set of values that x can take and the range of f(x) is the set of values that f gets when x is in the domain.

We have the function:

[tex]\displaystyle f(x) = \frac{1}{2} x-2[/tex]

And the domain is

[tex]x\in\{2,4,6\}[/tex]

Compute the range by assigning each value of x:

For x=2:

[tex]\displaystyle f(2) = \frac{1}{2} \cdot 2-2=1-2=-1[/tex]

[tex]\displaystyle f(2) = -1[/tex]

For x=4:

[tex]\displaystyle f(4) = \frac{1}{2} \cdot 4-2=2-2=0[/tex]

[tex]\displaystyle f(4) = 0[/tex]

For x=6:

[tex]\displaystyle f(6) = \frac{1}{2} \cdot 6-2=3-2=1[/tex]

[tex]\displaystyle f(6) = 1[/tex]

The range of f(x) is:

[tex]y\in\{-1,0,1\}[/tex]

On a standardized multiple choice test, 3 points were awarded for a correct answer, while a wrong answer caused a deduction of 1 point, and no points were awarded or deducted for omitted questions If Marjorie received a score of 84 when she omitted 4 of the 40 questions on the test, how many did she get right? How many did she get wrong?

Answers

Answer: She got 30 questions right and 6 questions wrong.

Step-by-step explanation:

Let x = Number of correct questions, y = Number of wrong questions

As Award for each correct answer = +3 points and Award for each wrong answer = -1 point.

Total score = 3x-1y

If Marjorie omitted 4 of the 40 questions, then she did 40-4=36 questions.

Now, x+y = 36 (1)

and 3x-y =84   (2)  (as she scored 84)

Adding (1) and (2), we get

4x = 120

Divide both sides by 4, we get

x= 30

y = 36-30=6

hence, she got 30 questions right and 6 questions wrong.

PLEASE HELP NEED IN 15 MINUTES! 20 POINTS!

42^2 + 69^2 = x^2
Pythagorean Theorem Formula is a^2 + b^2 = c^2.

Answers

Answer:

ok I did it two ways and got different answers

Step-by-step explanation:

addition

42^2 +69^2= x^2

1,764 +4,761=x^2

1,764 + 4,761= 6,525

Square root of 6,525 is 80.77 or 15/29

subtracting

4,761 -1,764= 2,997

Square root of 2,997 is 54.74 or 9/37

hope one of these are right, good luck

A middle school took all of its 6th grade students on a field trip to see a ballet at a theater that has 4200 seats. The students filled 84% of the seats in the theater. How many 6th graders went on the trip?

Answers

You need to find 84% of 4200 to get the amount of students.  First change the percent to a decimal, and multiply 0.84 x 4200.

There were 3528 total students at the theater.

3528 students went on the trip,this is because 84% of 4200= 3528


What two perfect squares does 11 sit in
between

Answers

Answer:

9 and 16       hope this helps.

Step-by-step explanation:

What is the value of -8 + 4.5 – (-1.2

Answers

Answer:-2.3

Step-by-step explanation:

-8 + 4.5 = -3.5

-3.5 -(-1.2)= -2.3

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