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Calculate the amount of the Department B loss

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Question -

Zhou owns a nonrental business with two separate departments. Department A generates net income of $94,400, and Department B generates a net loss of $75,520. Zhou participates 800 hours in the operations of Department A and 300 hours in the operations of Department B.

If Zhou is allowed to treat the departments as components of a single activity, calculate the amount of the Department B loss that can be offset against the income from Department A in the current year.

Reference no: EM132426807

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