Nathalie's house has increased in value due to modification. Which of these most likely describes why this happened to Nathalie's property? It had a nonconforming use, but she was issued a variance. A park and several restaurants were recently
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

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- Onslow Company purchased a used machine for $288,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the machine. Onslow paid an additional $1,600 on January 4 to secure the machine for operation. The machine will be used for six years and have a $34,560 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. Problem 8-6A (Algo) Part 3 3. Prepare journal entries to record the machine's disposal under each separate situation: (a) it is sold for $21,000 cash and (b) it is sold for $84,000 cash. View transaction list View journal entry worksheet No Date December 31 Cash Accumulated depreciation-Machinery Loss on sale of machinery Machinery General Journal Debit Credit 21,000 213,700 63,300 288,000 December 31 Cash 84,000 Accumulated depreciation-Machinery 213,700 Machinery 288,00013. Sam Fraser, 24 years of age and single, possesses a two-year-old vehicle which he drives to work (a distance of 7(1/2) miles, full circle). He keeps the vehicle in 03 region, and has had one auto crash during the previous three years. What amount would Sam save money on a mix of $100-deductible impact and thorough inclusion on the off chance that he drove a vehicle delegated image 1 instead of as image 5? We don't know whether Sam has had driver preparing.Robert Robinson operates a bakery shop situated on a sharp bend in the road. A delivery truck failed to take the bend and badly damages the front of the bakery shop. Robert is undecided whether to restore the front of the bakery shop to its original condition at a cost of $25,000 or to spend $45,000 rebuilding the front of the bakery shop so that it has a much more modern appearance. Required: With reference to case law and legislation, advise Robert of the tax implications of: a) Restoring the front of the bakery shop to its original condition; and b) Rebuilding the front of the bakery shop
- pls help asap90 questions remaining Your client insures his/her condominium unit under a Condominium Unit Owners Comprehensive policy. The policy includes $10,000 Property Loss Assessment coverage. The building suffers severe damage in a fire. The Condominium Corporation assesses each unit owner $500 to cover the deductible under its Master Policy on the building. How much would your client's policy pay? OA) 80% of $500 because all Condominium Corporation Master Policies are subject to 80% co-insurance. 8) $500 less the policy deductible. OC) $500.00 CD) Nothing.A married couple with two children owns a property that they have homesteaded. If the wife dies, what estate will the husband have in the property? a life estate, with their children as remaindermen a fee simple estate No estate: the children will inherit the house fee simple. It depends on what was in the wife's witt.
- Skip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?Brian Felley went to the home of Tom and Cheryl Singleton on June 8 to look at a used car that the Singletons had advertised for sale in the local paper. The car was a 1991 Ford with 126,000 miles on it. Following a test drive and the Singletons’ represen- tation that the car was “in good mechanical condi- tion,” Felley purchased the car for $5,800. By June 18, 1997, Felley had the car in the shop and had paid $942.76 to have its clutch fixed. By July 9, 1997, Felley also had paid $971.18 for a new brake job. By September 16, 1997, Felley had paid another Felley brought suit for breach of express war- ranty. An auto expert testified that the clutch and brakes were defective when Felley bought the car. Was an express warranty breached? Why or why not? [Felley v. Singleton , 705 N.E.2d 930 (Ill. App.)] $429.09 for further brake workScenario B (Australian Taxation Law): – Taxpayers at retirement age Inder Muller, aged 58, recently retired from his employment as chief accountant of Moon Light Pty Ltd, after 17 years and 4 months of service. Inder’s wife Belinda, aged 59, is currently running a small newsagency. Inder and Belinda visited you to seek advice on various retirement planning options specified below. Inder and Belinda both are covered by private health insurance. 3) Regarding Belinda’s Business Belinda has started the newsagency business 3 months ago. She would like to get advice on the tax benefits available for her new business. The expected business turnover for the financial year ending 30th of June 2022 is $500,000 including GST. She has purchased the following assets for the business. > Photocopy machine for $5,500 including GST on the 15th of Feb 2022 and was ready to use on the 1st of March 2022 > Motor vehicle purchased on the 1st May 2022 for $68,800 including GST, to be used solely for…
- Barker operated a retail bakery, Davidson a drugstore, Farrell a food store, Gibson a gift shop, and Harper a hardware store in adjoining locations along one side of a single suburban village block. As the population grew, the business section developed at the other end of the village, and the establishments of Barker, Davidson, Farrell, Gibson, and Harper were surrounded for at least a mile in each direction solely by residences. The village adopted a typical zoning ordinance, the provisions of which declared the area including the five stores to be a “residential district for single-family dwellings.” Thereafter, Barker tore down the frame building that housed the bakery and began to construct a modern brick bakery. Davidson found her business increasing to such an extent that she began to build an addition that would extend the drugstore to the rear alley. Farrell’s building was destroyed by fire, and he started to reconstruct it with the intention of restoring it to its former…how does the law currently define "undue hardship" with regards to religious accommodation? Is this determination based solely on the business' cost associated with the accommodation?Senator Bang Ga is suing Hanabishi Motors, the manufacturer of its car, the Hanabishi Ferrero, for Php 3.5 million because of Sudden Unintended Acceleration, a defect it thinks has caused it bulldozing over 12 cars in a mall carpark building and eventually "jumping" out of the 5th floor of the carpark building. This accident kept it out of work for a year. Hanabishi has offered it a settlement of Php 700,000, of which Bang would receive Php 600,000 after attorneys' fees. Atty. Larry Gadon, its legal counsel, has advised it that it has a 50% chance of winning its case. If it loses, it will incur attorneys' fees and court costs of Php 75,000. If it wins, it is not guaranteed its full requested settlement. Atty. Gadon believes that there is a 50% chance it could receive the full settlement, in which case Bang would realize Php 2 million after its attorney takes his cut, and a 50% chance that the jury will award it a lesser amount of Php 1 million, of which Bang would get Php 500,000.…