Solution-Calculate the amount of Kind unrelated business

Calculate the amount of Kind unrelated business income

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Reference no: EM132650453

Problem - Kind, Inc., an exempt organization, leases land, a building, and factory equipment to Shirts, Inc. Shirts is a taxable entity that manufactures shirts for distribution through its factory outlet stores. The rent income and the related expenses for Kind are as follows.

	Rent Income	Rent Expenses
Land and building	$100,000	$40,000
Factory equipment	125,000	25,000

a. Calculate the amount of Kind's unrelated business income.

b. Assume instead that Kind's rent income and expenses are recorded as follows.

	Rent Income	Rent Expenses
Land and building	$100,000	$20,000
Factory equipment	125,000	25,000

Compute Kind's unrelated business income.

Reference no: EM132650453

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Calculate the amount of Kind unrelated business income : Kind, Inc., an exempt organization, leases land, a building, and factory equipment to Shirts, Inc. Calculate the amount of Kind unrelated business income

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Calculate the amount of Kind unrelated business income

Reference no: EM132650453

Reference no: EM132650453

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