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Synchronous communication is a part of almost all distributed computing systems Web applications, being distributed, are inherently synchronous when the user is involved When you use your Web browser to download a Web page, the download is a synchronous process: An HTTP request is issued and an HTTP response follows shortly thereafter In most server-side application systems, servers contact each other synchronously (for example, using RMI, CORBA, or COM) as well as the database All of this makes sense given that queries must be answered for the application to continue However, while synchronous behavior may be necessary in certain scenarios, it's never desirable from a performance or scalability standpoint because it effectively serializes execution Synchronous communication means that a requestor is idle while its reply is being constructed A called function or an instruction must complete before execution proceeds In many situations, asynchronous methods may be applicable and can dramatically improve parallelism and thus performance For example, suppose you develop a Web application that broadcasts live pitch-by-pitch baseball coverage in which the user downloads some graphical client that shows the play by play Under a synchronous model, the deploying Web site would have to keep track of all clients and contact them individually waiting for their replies whenever a pitch was thrown But this seems inefficient Since client replies don't really mean anything, why waste server-side time waiting for them If it were possible to asynchronously communicate or broadcast this information to the clients, server-side performance would improve substantially For example, the server could write the updated data to some public data source that clients could access at will Since there would be no value in their replies (other than that they got the message), the server wouldn't need to wait for them to receive the data Asynchrony doesn't apply only to communication between remote pieces of functionality If single-threaded synchronous execution is recast as multithreaded, asynchronous execution within a given program can yield important efficiency benefits Consider a Web application that downloads a set of URLs, and inserts their contents into a database db A simple way to accomplish this task would involve the following pseudo-code: for each url u in the list of URLs to be downloaded page FETCH-PAGE(u).



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202 - Income Tax Planning E Stepped-up basis (1) Assets included in a taxable estate of a decedent receive a stepped-up basis The receivers of the bequests receive a basis in those assets equal to the fair market value at date of the decedent s death or, alternately, six months after the death The step-up in basis is available only for those assets in the taxable estate If assets are kept out of the estate, such as gifts, they will not enjoy the step-up in basis (2) Common law states have a step-up basis for half of the assets; a step-up in basis for the decedent s share of ownership but not for the survivor s share (3) Community property states have a full step-up in basis For tax purposes at death, the new cost basis is the fair market value (FMV) at the date of death for both halves of the community property, even though only one-half is included in the decedent spouse s estate (4) Property owned solely by a decedent generally receives a full step-up basis for the person who acquires it Example: Bart owned stock in XYZ, which he purchased for $1,000 in 1935, until his death in 2003, when it passed on to his son John At Bart s death, the stock was worth $250,000 John kept the stock for six months and sold it for $270,000 John has a realized long-term capital gain of $20,000 between the sale price and the date-of-death value (because it was acquired from the decedent, the holding period for the property is automatically considered long term) (5) For joint tenancy with right of survivorship, two rules are followed in deciding what is included in a decedent s estate and the surviving owner s new basis (a) Husband and wife rule Where the only joint tenants are husband and wife, half of the FMV at the date of death is included in the decedent s estate and the surviving spouse s new basis will equal half the total predeath basis and half the FMV at the date of death (b) Consideration furnished rule Where joint tenants include nonspouses, the decedent s gross estate includes that proportion of the property as the decedent s share of the consideration bears to the total consideration The new basis for each surviving co-owner s interest is his or her old basis plus an increase by the amount included in the decedent s estate split equally among the surviving joint tenants (6) For tenancy in common, the surviving spouse s cost basis at death is the amount included in the deceased spouse s estate If left to a co-owner, the new basis is his or her old basis plus an increase by the amount included in the decedent s estate Example: Lyle, Joel, and Dan purchased property as tenants in common Of the $100,000 purchase price, Lyle paid $50,000 and took a 50 percent interest, Joel paid $30,000 and took a 30 percent interest, and Dan paid $20,000 and took a 20 percent interest Years later when Joel died, the property was worth $250,000 and his estate included $75,000 because he owned a 30 percent interest If Joel left his interest to his widow, Betty, her basis would be $75,000 If he instead left his interest to co-owner Dan, Dan s total basis in the 50 percent interest he would then own would be $95,000 ($75,000 plus his $20,000 contribution) F Impact of community property and common law on basis (1) Community property states provide a decided advantage over common law states in regard to basis adjustments at death.





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DATABASE-INSERT(db, page) This means that, after the first download, each successive download occurs only after the DATABASE-INSERT of the previous one It seems like a waste We know that fetching the page is an I/O-bound activity, while database insertion is generally CPU-bound It would seem optimal to request the next page be downloaded while the database insertion of the previous one is taking place Thus, both activities would be occurring in parallel Now, the only thing one needs to do is identify a way for data (ie, the downloaded page) to be passed between them For this type of parallel, asynchronous solution, we might create two threads one for downloading and one for database insertion In doing so, suppose that the threads are able to communicate over a common thread-safe queue q Given these assumptions, consider sample pseudo-code related to the first thread, which is in charge of downloading the content: for each url u in the list of URLs to be downloaded page FETCH-PAGE(u)

Topic 64: Cost Recovery Concepts - 203 (2) Couples residing in community property states should hold appreciated property as community property On the other hand, if property has decreased in value, community property will receive a full step-down in basis at the rst death and some other form of title may be preferred

motion as discriminatory, racist and unfair If these new building by-laws are brought into effect, it will be akin to returning to the early 1900s where some of our land titles specifically excluded people of certain origins from owning land The builders clearly felt that this heavy-handed intervention provided a knockout punch for it was a strategy they had used repeatedly before Council since the first challenge to the design of new large houses in 198625 Such a strategy is not unique to Vancouver: in Monterey Park [Los Angeles] Timothy Fong found that coalitions between American city bosses, big developers, and Asian investors wielded racism as a weapon to push through pro-growth policies (Ong 1999: 100) Other interested business groups had made similar interventions.

ENQUEUE(q, page)

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