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Vincent pays $20,000 for equipment to use n his trade or business. He pays sales tax of $800 as a result of the purchase. Must the $800 tax be capitalized as part of the purchase price?Your friends tells you that the capital gains tax is discriminatory in that it is imposed upon individuals who can afford to buy capital assets. Do you agree or disagree? Be sure to include the definition of capital asset and capital gain in your response.
what is the cost-benefit outcomes of section 404 of the sarbanes-oxley act? what types of society wide benefits are
miscellaneous other receipts $38. When counted, there was $25 of cash remaining in the petty cash fund. Journalize the entries for June.
Peg sold a machine this year for $48,000. Peg purchased the same machine for $53,000 a couple years ago and claimed a total of $11,500 of depreciation expense on the machine. What's the amount and character of the gain or loss?
Discount-mart issued ten thousand $1000 bonds on January 1, 2009. They have a ten-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds.
condensed balance sheet and income statement data for clarence corporation appear below.clarence corporation balance
Based on this information, the balance in Hal Smith, Capital reported on the Statement of Owner's Equity at the end of March would be?
a company pays its insurance on an annual basis. the insurance premiums are 18000 per year. the insurance coverage
Casso limited has an option to purchase new car for the use froma bank on loan for Rs. 100,000 with 16% interest payable. Find which option is more suitable for the company.
a. in 2012 the orange furniture store an accrual method taxpayer sold furniture on credit for 1000 to sammy. the cost
determine the number of periods and the rate per period for each of the followingrate compounded years no. of periods
Compute the following using the FIFO, LIFO and weighted average method.
The variable cost per cake is $12. A special decoration per cake will add another $1 to the cost. Determine the differential income or loss per cake from selling the cakes.
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