Read the case study and write an essay on the issue.

Please offer your own views on the topic…not just a rehash of what someone else has written – Thanks!

1.  John and the Habitat for Humanity Dilemma

Imagine yourself in John Reynold’s position. What would you do? What are the social (or contextual) influences on how John thinks about his situation? Are they all equally relevant?
John Reynolds is a Research Chemist in Alabama. He also volunteers for Habitat for Humanity. In his volunteer work, he receives a lot of personal fulfillment as well as lines on his vita and credit towards “service in the community” at the laboratory where he is employed. One weekend, John sees a documentary film called Blue Vinyl. It essentially criticizes the polyvinylchloride-related industries for not using environmentally safe procedures, and for allowing PVC derivative compounds to leach into water tables. The current theory is that these compounds can later cause cancer in the human body. John was especially surprised to learn that vinyl siding on homes is considered to be one of the main contributors to groundwater and water table pollution. The documentary noted that a variety of home builders receive special incentive discounts to use vinyl siding. One such builder is Habitat for Humanity, which has used inexpensive vinyl siding in its homes for years, because Habitat receives vinyl siding at a reduced rate from the vinyl industry as a corporate tax shelter contribution. John does some research in respected journals, and decides that the link between vinyl products and cancer gives him cause for concern. What would you do in this case?

Blue Vinyl is a 2002 documentary film directed by Daniel B. Gold and Judith Helfand.  Dubbed the world’s first toxic comedy, it highlights the hazards of bio-accumulation, pollution, and the make-up of what we commonly hope are benign plastics. It was shown at the Sundance Film Festival and received rave reviews from Roger Ebert. To be fair, some of the critics noted the final version of the film was edited to eliminate conflicting information and a woman who claimed to have a vinyl-related cancer later changed her diagnosis to another disease. There were other issues raised about the documentary’s credibility. Still, the film became the centerpiece of a campaign to educate and persuade industry change in producing vinyl products. You may use your own resources and research to view the film and obtain any relevant information.

 

ESSAY GUIDELINES

▪ Factually and succinctly describe the case.

▪ Apply one of the theories of reflective learning from our course to the case.

▪ Imagine yourself in the character’s position.

• What would you do?
• What are the social (or contextual) influences on how the character thinks about his situation?
• Are they all equally relevant?

Your Case Study shall be between 3 to 5 pages (excluding cover page and reference page) and shall have the following sections:

Title page (Not included in Page Count)

Introduction

Narrative

Conclusion

Reference page (Not included in Page Count)

Formatting should include:  1″ margins, double spaced, 11 to 12 point font

Citations

◦ Cite the reflective learning theory used in the case study

◦ Use in text citations for quotes or material not your own

◦ Choice of citation style

◦ URLs alone are not acceptable

I recommend you spell check your writing. Once your Case Study is complete, save it and upload your document into the Assignments folder.

 

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In year 0, Longworth Partnership purchased a machine for $56,000 to use in its business. In year 3, Longworth sold the machine for $36,700. Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $29,800. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

1. What is the amount and character of the gain or loss Longworth will recognize on the sale?

 

Description                                          Amount

Total Gain/(Loss) Recognized

Character of Recognized Gain (Loss)

Ordinary Gain/(Loss)

1231 Gain/Loss

 

1. What is the amount and character of the gain or loss Longworth will recognize on the sale if the sale proceeds are increased to $61,250?

 

 

Description                                          Amount

Total Gain/(Loss) Recognized

Character of Recognized Gain (Loss)

Ordinary Gain/(Loss)

1231 Gain/Loss

1. What is the amount and character of the gain or loss Longworth will recognize on the sale if the sale proceeds are decreased to $18,300 (before the §1231 netting process, if applicable)?

Description                                          Amount

Total Gain/(Loss) Recognized

Character of Recognized Gain (Loss)

Ordinary Gain/(Loss)

1231 Gain/Loss

 

Moran owns a building he bought during year 0 for $195,000. He sold the building in year 6. During the time he held the building he depreciated it by $52,250.
What is the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.)

 

 

1. Moran received $166,000

Description                                                                         Amount

Total Gain/(Loss) Recognized

Ordinary Income or Unrecaptured

Remaining 1231 gain or (loss)

 

1. Moran received $212,000

Description                                                                         Amount

Total Gain/(Loss) Recognized

Ordinary Income or Unrecaptured

Remaining 1231 gain or (loss)

 

1. Moran received $131,500

 

Description                                                                         Amount

Total Gain/(Loss) Recognized

Ordinary Income or Unrecaptured

Remaining 1231 gain or (loss)

 

Aruna, a sole proprietor, wants to sell two assets that she no longer needs for her business. Both assets qualify as §1231 assets. The first is machinery and will generate a $23,250 §1231 loss on the sale. The second is land that will generate a $14,500 §1231 gain on the sale. Aruna’s ordinary marginal tax rate is 32 percent. (Input all amounts as positive values.)

 

1. Assuming she sells both assets in December of year 1 (the current year), what effect will the sales have on Aruna’s tax liability?

 

Aruna’s tax will___________ by______________

 

1. Assuming that Aruna sells the land in December of year 1 and the machinery in January of year 2, what effect will the sales have on Aruna’s tax liability for each year?

 

Aruna’s tax______________ in year 1 by__________-

Aruna’s tax______________ in year 2 by ____________

 

Kase, an individual, purchased some property in Potomac, Maryland, for $242,000 approximately 10 years ago. Kase is approached by a real estate agent representing a client who would like to exchange a parcel of land in North Carolina for Kase’s Maryland property. Kase agrees to the exchange.

What is Kase’s realized gain or loss, recognized gain or loss, and basis in the North Carolina property in each of the following alternative scenarios? (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

 

1. The transaction qualifies as a like-kind exchange and the fair market value of each property is $715,000.

Description                             Amount

Realized gain/(Loss)

Recognized gain/(Loss)

Adjusted basis in new property

 

 

 

 

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1-IRB is an important step in research. State the required components one should look for in a project to determine if IRB submission is needed?

2-Think back on your National Institute of Health (NIH) training and share what you learned. How will this apply to having an IRB form completed and why?

 

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