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A tractor with an adjusted basis (from depreciation) of $65,000 is sold for $60,000 and a new tractor is purchased with a cash payment of $330,000. There are 2 seperate transactions. What is the tax depreciation basis of the new tractor?
whizbang corporation discovered that hazardous waste material was buried on property it now owns by the previous owner.
when an auditor increases the risk of material misstatement because certain control procedures were determined to be
the following accounts among others apeared on zz companys balance sheet at january 1 2005 and december 31 2005
carlos arruza company exchanged equipment used in its manufacturing operations plus 3000 in cash for similar equipment
Pacifica estimates a 50 percent probibilty that seguros will be successful in meeting these goals and uses a 4 percent discount rate to represent the time value of money.
at year-end alvare company estimates its bad debts as 0.70 of its annual credit sales of 762000. alvare records its bad
The risk-free rate and the firm's beta remain unchanged. What is the company's new required rate of return? (Hint: First calculate the beta, then find the required return.)
the accounting records of clear photography inc reflected the folllowing balances as of january 1 2012.cash-
Sunshine Service Center received a 120-day, 6% note for $40,000,dated April 12 from a customer on account. Assume a 360 day year. Journalize the entry to record the receipt of the payment of the note at maturity.
some disclosure notes are not always applicable to every business. However some are required to be included with financial statements. Which disclosures are required?
How can management practices speed the collection of receivables? Which management practices tend to slow the collection of receivables?
Is the gain realized by Casino subject to U.S. income tax and why? If so, how would the income be taxed (assume the value of the assets remained unchanged from 2010 until 2012)
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