# college

posted by .

In 1980, Jonathan leased real estate to Jay Corporation for 20 years. Jay Corporation made significant capital improvements to the property. In 2000, Jay decides not to renew the lease and vacates the property. At that time, the value of the improvements is \$900,000. Jonathan sells the real estate in 2009 for \$1,300,000 of which \$1,000,000 is attributable to the improvements. How and when is Jonathan taxed on the improvements made by Jay Corporation?

• college -

I don't understand students who post "college" as the subject. It wastes time for tutors, as they have no idea if it is their subject area or not. Most just ignore them, and the questions go unanswered.

## Similar Questions

1. ### Math Problem Solving

Jay and Mark run a lawn mowing service. Mark's mower is twice as big as Jay's, so whenever they both mow, Mark mows twice as much as Jay in a given time period. When Jay and Mark are working together, it takes them 4 hours to cut the …
2. ### STATISTICS

Who is the king of the late night TV? An internet survey estimates that, when given a choice between David Letterman and Jay Leno, 52% of the population prefers to watch Jay Leno. Suppose that you randomly select three late night TV
3. ### math

Jay is 150 cm tall. He can reach 55 cm above his head. A ball is thrown 268 cm in the air. How many centimeters must Jay jump to cathch it?
4. ### science

jay heated 120mL of water that was 20 degrees celsius to 80 degrees celsius. a)how much did the temperature of water change?
5. ### Statistics

Who is the king of late night TV? An Internet survey estimates that, when given a choice between David Letterman and Jay Leno, 52% of the population prefers to watch Jay Leno. Suppose that you randomly select three late night TV watchers
6. ### Geometry

Jay, Kay, Ray found themselves far apart for lunch while working in a field. Jay could see Kay, then turned 75 degrees and see Ray. Kay could see Ray, then turn 51 degrees and see Jay. Ray could see jay, then turn 54 degrees and see …
7. ### Kate

Jay, Kay, Ray found themselves far apart for lunch while working in a field. Jay could see Kay, then turned 75 degrees and see Ray. Kay could see Ray, then turn 51 degrees and see Jay. Ray could see jay, then turn 54 degrees and see …
8. ### accounting

On January 1, 2013, National Insulation Corporation (NIC) leased office space under a capital lease. Lease payments are made annually. Title does not transfer to the lessee and there is no bargain purchase option. Portions of the lessee's …
9. ### Math

Gene ad jay has collection of marbles. If jay give gene 2 of his marbles they would have an equal number. But if gene give jay 2 marbles, jay have 2 times as many as gene. How many marblea does jay have?
10. ### history

Did Washington sign Jay's Treaty (1795) or was it just john jay & british

More Similar Questions