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Problem 1: A taxpayer sold for $250,000 equipment that had an adjusted basis of $220,000. Through the date of the sale, the taxpayer had deducted $40,000 of depreciation. Of this amount, $27,000 was in excess of straight-line depreciation. What amount of gain would be recaptured under Section 1245 (Gain from Dispositions of Certain Depreciable Property)?
a. $40,000b. $27,000c. $13,000d. $30,000
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How does the Efficient Market Hypotheses fit in with a diversified portfolio? If the efficient market hypothesis is true, why is it still important to study.
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On August 1, 1998, Georgina Comer, CFO of Globalcom Inc. was meeting with the team of investment bankers who were helping Globalcom issue bonds worth.
A company has an average inventory on hand of $75,000 and its average days in inventory is 36.5 days. What is the cost of goods sold?$1,680,000$750,000$876,000$1,752,000
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