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Conversion - personal use to business use
Alice starts a taxi service and decides to use her personal car as the first taxi in her new business. the car will be used solely for business purposes. The car had an original cost of $20,000 and fair market value at the date of conversion to business use of $11,000. During the first year of use she is allowed depreciation of $ 3000 on the car. Early in the second year of use she sells the car for $5000. what is the amount of her gain or loss on sale?
Client’s position within the market. Give examples of risk that could be present and discuss what knowledge of these areas an auditor should possess
John Rigas, founder of Adelphia Communications, said that he was sorry for the problems at his company, but he didn't thik he deserved to be jailed. The judge rejected Rigas' argumnet, indicating that he had engaged in a blatant fraud by using shareh..
Calculate the amount that will need to be borrowed in January 2014.Show calculations.
If you desire to have $10,000 for a down payment for a house in five years, what amount would you need to deposit today? Assume that your money will earn 5 percent.
The text argues that individual behavior was not at the core of Enron’s problems. What were the problems with this corporation from an organizational architecture point of view?
you have been asked to attend the corporate meeting next week to discuss the performance of your division. to help you
Describe fully the alternatives that are available to you in this situation. Express your personal opinion as to the appropriate course of action and provide reasoning to support your opinion.
q1. compute the owners equity the data givenbased on the following information calculate stockholders equitycash
Sale on the financial statements What should Milley do?
Prepare an adjusted trial balance and prepare an income statement, a statement of retained earnings, and an unclassified balance sheet.
What basis of accounting do enterprise and internal service funds use and Which of the following is not a GASB-required statement for proprietary fun
Selling and administrative expenses budget
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