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Question - A unit with a book value of $800,000 is being replaced by XYZ Inc. Originally it was built using high-quality glass which both prevents sun damage and avoids reflections on the items within the unit. It has been used for several years to store materials. XYZ is seeking a buyer so that the unit can be sold and moved out to make room for the new unit which is scheduled to be delivered within the next three months. The new unit has been quoted to XYZ at $700,000. The old unit has been advertised for sale at $600,000. Costs of dismantling are estimated to be $100,000. The buyer will pay for shipping, customization, and installation as required by the buyer. Please record the journal entries?
John also paid $1,800 in interest and $580 in county property tax on the car. What is the total business deduction related to business use of the car
What are the carrying value of the liabilities related to these bonds that will show on Universal's balance sheet on October 31, 2021
Did terrorism exist prior to the French Revolution? Are the terrorist acts we see today significantly different from those of the past? If so, how?
The Accounts Receivable account had a balance at 30 June 2017 of $79,200, Determine the general journal entry to bring the allowance account
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Jennie purchased 50 percent of the shares of SJ Corporation, a calendar year S corporation, for $7,000. She also guaranteed a corporate loan of $6,000. For 2011, SJ Corporation had an operating loss of $22,000. What is the amount of SJ Corporation..
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