When the buyer has paid at least two years of instalments in sale of residential real property in instalments but the seller cancel the sale because of the buyer’s default in the payment of instalment, which cash surrender value matching to years of instalment paid is incorrect? Group of answer choices a. 2 – 5 years of instalment = 50% b. 10 years of instalment = 75% c. 7 years of instalment = 60% d. 14 years of instalment = 95%

When the buyer has paid at least two years of instalments in sale of residential real property in instalments but the seller cancel the sale because of the buyer’s default in the payment of instalment, which cash surrender value matching to years of instalment paid is incorrect? Group of answer choices a. 2 – 5 years of instalment = 50% b. 10 years of instalment = 75% c. 7 years of instalment = 60% d. 14 years of instalment = 95%

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 16DQ

See similar textbooks

Similar questions

10 udy → An investor buys a property for $691,000 with a 25-year mortgage and monthly payments at 7.4% APR. After 18 months the investor resells the property for $756,910. How much cash will the investor have made from the sale, once the mortgage is paid off? esc OA. $64,878 OB. $162,195 OC. $113,536 OD, $81,097 1 ? 2 # 3 H Q Search W E $ 4 R % 40 5 T A 6 Y 4+ & 7 U * 8 144 ( 9 .) O O DDI P |{ + = Time Remaining: 00:21:08 B 3 • backspace 8:50 PM 11/1/2023 delete Next home enter po up
60. In pacto de retro sale or sale with a right to repurchase of an immovable property, what is the default period of redemption by the pacto de retro seller if the redemption period is not stated in the contract of pacto de retro sale? Group of answer choices a. 30 days b. 4 years c. 10 years d. 5 years
A builder is offering $131,554 loans for his properties at 9 percent for 25 years. Monthly payments are based on current market rates of 9.5 percent and are to be fully amortized over 25 years. The property would normally sell for $140,000 without any special financing. Required: a. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years. b. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan if the property is resold after 10 years and the loan repaid? Complete this question by entering your answers in the tabs below. Required A Required B At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years. (Do not round intermediate calculations. Round your final answer to the…
Explanation it correctly and not use excel
PM \\nRealize Your Potential: H&R Block\\nsold a pickup truck for $19,000 in an installment sale. He reported his gain in full in the year of sale. Two years later, ouyer was in default, and Roberto repossessed the truck. At the time of repossession, the truck had a fair market value of 16,000 , the buyer still owed $11,000 , and the cost of repossession was $600 . What is Roberto's gain or loss on the repossession?\\nLoss of $3,600 .\\nLoss of $3,000 .\\nGain of $3,000 .\\nGain of $4,400 .
In this is the investor. for 10 years. arrangement, сompany company the A. items. taxes as expense the company can a depreciate the building. 20 15. In a mortgage that do not ment would BEST be described as fully amortize the loan, the final рay- A a balloon payment. B. an acceleration payment. C. a variable payment. D. an adjustment payment. Equal Cred unty Act (ECO escrow account
6. Entity X sells a building to Entity Y and simultaneously leases Sale and leaseback 6. Entity X sells a building to Entity Y and simultaneously it back. Relevant information follows: P2,000,00 Cash selling price of building Fair,value of building Carrying amount of building Annual rent payable at the end of each year 1,800,00 1,000,00 120,000 18 years Lease term 4.5% Implicit interest rate (readily determinable to Entity X) The terms and conditions of the transaction are such that the transfer of the building qualifies as a sale under PFRS 15. Requirements: Prepare the journal entries in the books of Entity X (seller-lessee) and Entity Y (buyer-lessor) on lease commencement. (Adapted - IFRS 16. IE11)
Suppose the forward contract is entered into at the price computed is $365.42 and 4 months later, the price of the asset is $325.45. The investor would like to evaluate her position with respect to any gain or loss accrued on the forward contract. The market value of the forward contract at this point in time from the perspective of the investor would be: a. -$39.97 b. -$19.57 c. $9.63 d. $19.57
6a
Rr.5.
Hhhh
7. You and your partner purchased an apartment complex that cost $1,000,000 in June of 2010. You were able to start renting units in July of 2010. The complex was sold in December of 2019 for $750,000. What is the depreciation deduction for the first year? b. $36,370 d. None of these a $19,700 C. $16,670