The Return on Total Assets Is Computed by Dividing

question 9

Multiple Choice

The return on total assets is computed by dividing

• A) Net income by ending total assets.
• B) Net sales by average total assets.
• C) Net sales by ending total assets.
• D) Net income by average total assets.

Analyze the tax implications of like-kind exchanges.

Evaluate the impact of depreciation recapture on the sale of business equipment.

Grasp the principle of adjusted basis in involuntary conversions.

Understand the concept of basis adjustment in gifted or sold property to family members.