Norman Exchanges a Machine He Uses in His Pool Construction

question 110

Multiple Choice

Norman exchanges a machine he uses in his pool construction business for a used machine worth $6,000 to use in the same business. He purchased the machine 3 years ago for $22,000 and had taken depreciation of $9,000 on the machine. In the exchange, Norman also receives $3,000 of cash. As a result of the exchange,
I.Norman realizes a loss of $4,000 on the exchange.
II.Norman's basis in the acquired machine is $13,000.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

Understand the necessities and methods for strong brand positioning.

Acknowledge the importance and process of launching a brand to both internal and external audiences.

Recognize the importance of segmentation in branding and the criteria for choosing a segment.

Understand the role and design of user personas in branding.

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Definitions:

Moderately Cooperative

Showing a willingness to work with others to a reasonable degree, balancing involvement with independence.

Assertive Ways

Communication and behavior types that involve standing up for one’s personal rights and expressing thoughts, feelings, and beliefs in direct, honest, and appropriate ways.

Crucial Conversation

A dialogue between two or more people where stakes are high, opinions differ, and emotions run strong.

Conflicts

Disagreements or disputes resulting from opposing needs, demands, or views between parties.