In Year 5, Joseph has a net Section 1231 gain of $29000. How will this gain be taxed according to the following classification?

Q: Can subparts 4 and 5 be answered on this problem

A: Net present value is used to calculate the current total value of future payments. It is the…

Q: In general what are the 5 POS Features?

A: A point of sale (POS) system is a combination of hardware and software that allows businesses to…

Q: Using the above information, calculate efn

A: Here, Sales is $48,800 Assets is $53,650 Spontaneous Liability (Accounts Payable) is $2,400 % Change…

Q: solve it using  Holding Period return = [D1 + (P1 - Po)] / Po

A: Select financial metrics are given. We have to find the holding period return for the first year.…

Q: 6, calculate the net present value (NPV) and indicate whether to accept or reject the machine.

A: Calculation of NPV using Excel Function: Excel Spreadsheet:

Q: how do you calculate this question with excel formulas

A: Information Provided: Withdraw amount = $10,000 Interest rate = 6% Years for withdraw $10,000 = 5…

Q: put these numbers in T form

A: T-Account A collection of financial records that employ double-entry accounting is referred to…

Q: where is step 5?

A: Where the Depreciation expenses are halved, it would have the following impacts:   •Net income: it…

Q: When you were born, your grandparents got together and invested $300 every six months in…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: What is (DAS) the Dynamic Audit Solution ? b) What is OnPoint PCR?

A: What is (DAS) the Dynamic Audit Solution ? DAS is a cloud-based solution that aims to automate and…

Q: Draw a figure to explain Elements of required return - establishing a MARR?

A: The figure is represented as below: Note: Values assumed

Q: Discuss in detail Five benefits and drawbacks of throughput accounting

A: Through put accounting is a managerial decision making to maximize organization's profit. In this…

Q: supposed S= 9 + 9/1.07 + 9/1.07^2 + ...+ 9/1.07^961, Find Value of S. (please break down in step by…

A: This is a problem of finding the present value of $ 9 received for 962 periods (i.e. 1+961) periods…

Q: What is CVP analysis? Give three examples?

A: CVP Analysis:CVP analysis establishes the relation between cost, volume and profit of the company.…

Q: Describe the process of calculating NPV.

A: Net Present Value (NPV) is a capital budgeting technique which uses a discount rate to bring all the…

Q: What is The NPV for Machine B=

A: NPV will be calculated as follows:-NPV =

Q: The Data Table function requires three variables. O True O False

A: A data table cannot accommodate more than two variables as of now there are two types of variables…

Q: How do I calculate FIFO and LIFO?

A: Meaning of FIFO:First in first out means if company purchases any goods for sale purpose then…

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.