A Light Bulb Used in a Slide Projector Draws a Current

question 104

Short Answer

A light bulb used in a slide projector draws a current of 6 amperes when operating on 120 volts.
-If two slide projectors are connected in series across the same 120-volt source,the current drawn from the source is __________.

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Definitions:

Ordinary

Refers to income or transactions that are common or usual within the context of business and taxes.

Donee's Basis

The value assigned to a gift or inherited property for the purpose of determining gain or loss when the property is sold by the recipient.

FMV

The estimated sales price of an asset in the marketplace where both buyer and seller are informed and willing.

Code Sections 1245

Refers to a section of the U.S. Internal Revenue Code that deals with the recapture of depreciation upon the sale of certain types of business property.