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Maroon, Inc., a tax-exempt organization, leases a building and equipment to Brown Partnership.The rental income from the building is $100,000 and from the equipment is $9,000. Rental expenses are $40,000
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Maroon, Inc., a tax-exempt organization, leases a building and equipment to Brown Partnership.The rental income from the building is $100,000 and from the equipment is $9,000. Rental expenses are $40,000 for the building and $4,000 for the equipment. What adjustment must be made to net Unrelated business income

User KBriggs
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Answer:

MAROON Inc

Net Unrelated Business Income

Lease Income :

Building $100,000

Equipment 9,000

109,000

Rental expenses:

Building 40,000

Equipment 4,000 (44,000)

Net unrelated business income 65,000

Step-by-step explanation:

User Hovnatan
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