![INEEDHELP6845](/avatars/29424.jpg)
INEEDHELP6845
16.10.2020 •
Business
The value of Terrah's personal residence has declined significantly because of a recent forest fire in the area where she lives. The fire was a Federally declared disaster. Terrah's house suffered no actual damage during the fire, but because much of the surrounding area was destroyed, the value of all of the homes in the area declined substantially.Can Terrah take a casualty loss for the decline in value of her residence caused by the fire?__ because the decline in value of her residence ___ meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss
Solved
Show answers
More tips
- H Health and Medicine Impeccable Memory: How to Improve It...
- L Leisure and Entertainment How Many Seasons are There in the TV Show Interns?...
- S Sport When will the Biathlon World Championships 2011 take place in Khanty-Mansiysk? Answers to frequently asked questions...
- H Health and Medicine Trading Semen for Money: Where Can You Sell and Why Would You Want to?...
- F Food and Cooking Homemade French Fries: The Ultimate Guide...
- H Health and Medicine How to Increase Blood Pressure without Medication?...
- S Style and Beauty Choosing a Hair Straightener: Specific Criteria to Consider...
- F Food and Cooking How to Make Polendwitsa at Home?...
- S Science and Technology When do we change our clocks?...
- L Leisure and Entertainment What to Give a Girl on March 8?...
Answers on questions: Business
- B Business Consider two nations, Spendia and Savia. The MPC for Spendia is 0.8, and the MPC for Savia is 0.5. Assume that both nations experience an increase in gross investment (I) of $100...
- B Business Lillian is the purchasing manager at Ceramic Central, a maker of housewares. She has evaluated the first year s performance of Jason, a purchasing agent. In the evaluation, she...
- B Business Helen has a meeting with a venture capitalist for a Series A round at a $10 million valuation. She has proprietary patents for the latest advancements in facial recognition, a team...
- B Business People who fight fire with fire usually end up with ashes, is a popular saying that can relate to upset customers....
- B Business Nathalie is willing to apply for a car loan. She is 18 years old, still lives at home with her parents and has a part-time job during nights while attending college. In this scenario,...
- B Business The expected average rate of return for a proposed investment of $500,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and...
- B Business Suppose that the risk-free rates in the United States and in Canada are 5% and 3%, respectively. The spot exchange rate between the dollar and the Canadian dollar (C$) is $0.80/C$....
- B Business You own 280 shares of stock in Halestorm, Inc., that currently sells for $83.95 per share. The company has announced a dividend of $3.55 per share with an ex-dividend date of February...
- B Business Ambassador corp. sells household cleaners producing a revenue stream that has remained unchanged in the last few years. the firm does not expect any change in its earnings or dividends...
- H History Which region included pine forests and marshes...
Ответ:
No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Explanation:
Terrah's house suffered no actual damage because of a recent forest fire in the area where she lives. Terrah cannot take a casualty loss for the decline in value of her residence caused by the fire as the decline in value of her residence dose not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Final
No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Ответ:
3 years
Explanation:
7200/ 200 = 36 months
36/12 = 3 years
12 months in a year