The state highway department condemns some of chads grazing

Reference no: EM13591192

1.Some tax rules can be justified on multiple grounds (e.g. Economics, social, etc.). In this connection, comment on the possible justification for the rules governing the following:
a. Energy conservation and pollution control
b. Pension plans
c. Education
d. Home ownership

2.The state highway department condemns some of Chad's grazing land. The land cost Chad $20, 000, and the condemnation award is the land's fair market value of $100,000. Shortly after the condemnation, Chad buys replacement grazing land. What is his recognized gain if the replacement land cost?
A $70,000?
B $110,000?
C $20,000?
D what, if any, is the justification for deferring the recognition of gain on the involuntary conversion?

Reference no: EM13591192

Questions Cloud

A series combination of a resistor and a capacitor are : a series combination of a resistor and a capacitor are connected to a 120-v rms 69.2-hz ac source. if the capacitance

Wren co operates a chain of gift shops the company : wren co. operates a chain of gift shops. the company maintains a defines contribution pension plan for its employees.

The collision between a hammer and a nail can be considered : question the collision between a hammer and a nail can be considered to be approximately elastic. calculate the kinetic

Sketch and describe the following sets and their images : sketch and describe the following sets and their images under the function z rarr z2.a the set of all points of the

The state highway department condemns some of chads grazing : 1.some tax rules can be justified on multiple grounds e.g. economics social etc.. in this connection comment on the

The flywheel of a car engine is a solid disk with a mass of : the flywheel of a car engine is a solid disk with a mass of 8.7 kg and a radius of 22 cm and is rotating at 4000 rpm.

Lt r be a real constant greater than 2 the set z c z 1 : a let r be a real constant greater than 2. the set z ? c z 1 z -1 r is a curve in the plane. describe it and then

Vopat inc is a retail store operating ina state with a 5 : vopat inc is a retail store operating ina state with a 5 retail sales tax. the state law provides that the retail sales

A concave spherical mirror has a radius of curvature of 40 : a concave spherical mirror has a radius of curvature of 4.0 meters. a real object 5.0 cm high is placed 3.0 meters in

User Account

All Pages