{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T15:12:27-04:00", "answer_date": "2024-05-27 15:12:27", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1787297", "url": "\/study-help\/questions\/question-13-of-35-in-2017-mateo-purchased-a-building-1787297", "question_creation_date_js": "2024-05-27T15:12:27-04:00", "question_creation_date": "May 27, 2024 03:12 PM", "meta_title": "[Solved] Question 13 of 35. In 2017, Mateo purchas | SolutionInn", "meta_description": "Answer of - Question 13 of 35. In 2017, Mateo purchased a building that he used exclusively for business purposes, then he sold it | SolutionInn", "meta_keywords": "question,13,35,2017,mateo,purchased,building,exclusively,business,purposes,sold,2021", "question_title_h1": " Question 13 of 35. In 2017, Mateo purchased a building that he used exclusively for business purposes, then he sold it in 2021 to", "question_title": " Question 13 of 35. In 2017, Mateo purchased a building that", "question_title_for_js_snippet": "Question 13 of 35 In 2017, Mateo purchased a building that he used exclusively for business purposes, then he sold it in 2021 to an unrelated buyer The value of the building was $12,000, excluding the land He sold the building in December 2021 to a neighbor for $11,000 He is surprised that, even though he sold it at a loss, his return would show a gain What is the best explanation for why Mateo had a gain 0000 There is a mistake on Mateo's return Mateo had a gain because the sales price was more than the basis after it was adjusted for depreciation allowed or allowable Mateo had a gain because he owned the property for less than 27 years Mateo had a gain because he owned the property for less than 39 years ", "question_description": "\"image", "transcribed_text": "Question 13 of 35. In 2017, Mateo purchased a building that he used exclusively for business purposes, then he sold it in 2021 to an unrelated buyer. The value of the building was $12,000, excluding the land. He sold the building in December 2021 to a neighbor for $11,000. He is surprised that, even though he sold it at a loss, his return would show a gain. What is the best explanation for why Mateo had a gain? 0000 There is a mistake on Mateo's return Mateo had a gain because the sales price was more than the basis after it was adjusted for depreciation allowed or allowable. Mateo had a gain because he owned the property for less than 27% years. Mateo had a gain because he owned the property for less than 39 years.", "related_book": { "title": "Cornerstones of Managerial Accounting", "isbn": "324660138, 978-0324660135", "edition": "3rd Edition", "authors": "Mowen, Hansen, Heitger", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/94.jpg", "uri": "\/textbooks\/cornerstones-of-managerial-accounting-3rd-edition-94", "see_more_uri": "" }, "free_related_book": { "isbn": "1732652171", "uri": "\/textbooks\/zoom-meetings-a-comprehensive-guide-to-all-things-zoom-1st-edition-978-1732652170-159329", "name": "Zoom Meetings A Comprehensive Guide To All Things Zoom", "edition": "1st Edition" }, "question_posted": "2024-05-27 15:12:27", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/introductory-statistics-behavioral\/argue-whether-or-not-you-believe-using-a-sample-of", "description": "Argue whether or not you believe using a sample of students from your schools cafeteria (you recruit the next 100 people to visit the cafeteria to participate) may or may not yield biased estimates...", "stars": 3 }, { "url": "\/as-indicated-in-exhibit-172-and-the-accompanying-discussion-a", "description": "As indicated in Exhibit 17.2 and the accompanying discussion, a comprehensive framework for the management and control of quality will likely include both financial and nonfinancial data. 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