This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
The tuition and fees are a flat rate of $10,820.73 per semester for a Virginia resident and $11,126.73 per semester for a non-resident student. Business Majors Fee is charged to all School of Business majors.he fee is $50 per semester for full-time students and $5 per credit hour for part-time students.SCHOOL OF THE ARTSArts Majors Tuition Differential is charged to all School of the Arts majors. The revenues are allocated to the individual departments for the cost of materials, services and/or equipment.