How much of the interest is apportioned to u.s.source income

Reference no: EM13221348

Worldnet, Inc., a U.S. corporation, has interest expenses for the tax year of $200,000, no portion of which is directly allocable to identified property under the regulations. World Net's total assets have an adjusted basis/book value of $5,000,000 and a fair market value of $10,000,000. The assets generating U.S. source income have an adjusted basis/book value of $4,000,000 and a fair market value of $6,000,000.
How much of the interest is apportioned to U.S. source income?

Reference no: EM13221348

Questions Cloud

Explain what are the dimensions of the cube : A perfect cube of aluminum metal weighs 20.00g. The density of of aluminum is 2.70 g/ml. What are the dimensions of the cube?

Conduct a swot analysis for a company : Conduct a SWOT analysis for a company that you would like to work for after graduation. Assess the company against the strengths, weaknesses, threats and opportunities contained in the SWOT matrix.

Determine how many unit will t produce : consider a monopolist facing the market demand p=100-2q. Marginal cost equals to 10; How many unit will t produce At what price Compute and identify in a graph: monoplist profit, consumer surplus and deadweith loss.

Compute the number of moles of aluminum sulfate : aluminum sulfate solution with water to a final volume of 1.450 L. Calculate the number of moles of aluminum sulfate before dilution.

How much of the interest is apportioned to u.s.source income : How much of the interest is apportioned to U.S. source income?

What things impact the value of the dollar : What things impact the value of the dollar Does anyone know why the Chinese Yuan remains very weak against most currencies and thus allows them to export so much Is it fair that the Yuan is made weak against other currencies

Explain how many grams of sucrose : how many grams of sucrose, c12h22o11, must be dissolved in 750 ml of water to prepare a 0.250 molal solution?

The plating department then adds an anodized finish : Classic Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel allow is the best raw material of the shaping process. The steel is molded according to the design specifications of automobile manufactu..

Explain how is the economy impacted by trade : What are the advantages and disadvantages of free trade From an economic point of view, is free trade better than limited or no trade Have you benefited from free trade how How is the economy impacted by trade

User Account

All Pages