What is the value of mr ashs estate

Assignment Help Accounting Basics

Reference no: EM131920633

Problem

Mr. Ash died on June 15 of the previous year. The assets in his estate were valued on his date of death and alternate valuation date, respectively, as follows:

	Date of Death	Alternate
Asset	Valuation	Valuation
Home	$2,500,000	$3,000,000
Stock	4,250,000	4,500,000
Bonds	2,000,000	1,250,000
Patent	1,000,000	950,000

The patent had 10 years of its life remaining at the time of Mr.Ash's death. The executor sold the home on August l of the previous year for $2,750,000. If Mr.Ash's executor elects the alternate valuation date method, what is the value of Mr. Ash's estate?

Reference no: EM131920633

Questions Cloud

Calculate throughput expressed in terms of useful data bits : Calculate the throughput expressed in terms of useful data bits transmitted per second for SW-ARQ and SR-ARQ. Why is SW-ARQ so inefficient?

Compute their income tax refund : Mr. and Mrs. K's AGI (earned income) was $14,610. Their federal income tax withholding was $850. Compute their income tax refund.

Why is leverage sometimes called a two edged sword : Mr. Agirich has provided the following information and ratios for the Aggie Farms 20X0 operations. Why is leverage sometimes called a two edged sword?

Compute the normalized throughput for the case : Compute a new window size so that the channel pipe is entirely filled with transmitted PDUs and compute the normalized throughput for this case.

What is the value of mr ashs estate : Mr. Ash died on June 15 of the previous year. The assets in his estate were valued on his date of death. What is the value of Mr. Ash's estate?

What percentage of the batteries would you expect to fail : Auto batteries have an average life of 2.9 years. Battery life is normally distributed with a mean of 2.9 years and a standard deviation of 0.48 year.

Calculate the average service time for a given PDU : Calculate the average service time for a given PDU entering the ARQ system. (Hint: the transmitter's queue can be modeled using the M/G/1 theory.)

Defining the normalized throughput : Let ? be the expected number of PDUs transmitted from A to B for each PDU successfully received at B. Show that ? = 1 + p(ß + ?).

Compute accounts receivable and inventory turnover ratios : Instructions - Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places

User Account

All Pages