Reference no: EM132936400
Question - Ms. Emma Thompson, a real estate dealer has the following data with regards to sale transactions for the month of May, 2020.
Sale 1
Consideration in the Deed of sale 6,000,000
Fair market value as assessed 5,100,000
Zonal value 4,900,000
Date of sale May 2, 2020
Cost to the seller 1,000,000
Mortgage assumed 2,000,000
Payments received:
May 2, 2020 500,000
May 2, 2021 700,000
December, 2021 2,800,000
Sale 2
Date of sale May 12, 2020
Consideration in Deed of Sale 4,000,000
FMV appearing in the Tax Declaration 3,900,000
Zonal Value 4,200,000
Cost to the seller 500,000
Mortgage to be assumed by the buyer 700,000
Payments received:
May 12, 2020 2,000,000
May 12, 2021 1,300,000
Required -
1. Compute for the Total VAT for sale 1 and sale 2.
2. Compute for the VAT for the month of May, 2020; May, 2021 and December, 2021.
|
What is the Equivalent Annual Annuity
: A project has an initial outlay of $2,615. The project will generate cash flows of $1,121 in Years 1-5. What is the Equivalent Annual Annuity
|
|
How much money do they need to put into the account
: If the account promises to pay a fixed interest rate of 3.9% per? year, how much money do they need to put into the account today
|
|
What will be the value in your account at the end of year
: Assume you are to receive a 10 - year annuity with annual payments of $1000. What will be the value in your account at the end of Year 25
|
|
MITS5003 Wireless Networks and Communication Assignment
: MITS5003 Wireless Networks and Communication Assignment Help and Solution, Victorian Institute of Technology - Assessment Writing Service
|
|
Compute the VAT for the month of May
: Consideration in the Deed of sale 6,000,000. Compute for the VAT for the month of May, 2020; May, 2021 and December, 2021
|
|
What is the WACC for Mercury industries
: Using this information, What is the implied beta for Mercury Industries under the CAPM? What is the WACC for Mercury industries
|
|
What is the book value after the second year on the popcorn
: What is the book value after the second year on the popcorn popper assuming straight line depreciation? Celebrity Allures Inc. bought a new popcorn popper
|
|
Determine the number of units to be produced in March
: Filtron has the capacity to store up to 3000 filtration containers at the end of any month. Management would like to determine the number of units to produced
|
|
How transaction should have been accounted
: Determine how transaction should have been accounted for assuming X controlled Y and used consolidated financial statements to report the investment in Y
|