Mr. Batangas, not a dealer in properties, made the following dispositions during the year. 019Property ricoM..01 iw bns Holding periode Gal Landon 916 M2 be 5 years 1year and 8 months UNIT to sulav Gain (loss) P 200,000 Car M2 101 30,000 bileto 10 00 Laptop sd of ning od 8 months M2 s to zin(8,000) studeno Compute the net gain to be included in gross income subject to regular tax. a. P7,000 as net capital gain 9:000,001 09:000,00 9 b. P222,000 as net capital gain 000,0S19.b 09:000.0019 d c. P207,000 as net capital gain d. P200,000 as ordinary gain and P7,000 as ordinary gains day I

Mr. Batangas, not a dealer in properties, made the following dispositions during the year. 019Property ricoM..01 iw bns Holding periode Gal Landon 916 M2 be 5 years 1year and 8 months UNIT to sulav Gain (loss) P 200,000 Car M2 101 30,000 bileto 10 00 Laptop sd of ning od 8 months M2 s to zin(8,000) studeno Compute the net gain to be included in gross income subject to regular tax. a. P7,000 as net capital gain 9:000,001 09:000,00 9 b. P222,000 as net capital gain 000,0S19.b 09:000.0019 d c. P207,000 as net capital gain d. P200,000 as ordinary gain and P7,000 as ordinary gains day I

Name: 000.059:000,0$195. Mr. Batangas, not a dealer in properties, made the
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Description: 000.059:000,0$195. Mr. Batangas, not a dealer in properties, made the following dispositions duringthe year.1019 10Property iw bnsdingHolding periode daUSIT to sulav5 yearsGain (loss)16 Ton 916 M2 bre199 EricoM 01M2 101LandP 200,000Car1year and 8 mo

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 11E

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