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Problem 1: Sav-On Discount Foods purchases new cash registers costing $1.5 million for use in its business. Sav-On wants to expense as much as possible of the $1.5 million of the asset's cost under Section 179. If Sav-On makes the Section 179 election to expense $1,040,000 of the asset's cost, what is its depreciable basis in the cash registers?
Group of answer choices
Option 1: $460,000Option 2: $1,040,000Option 3: $1.5 millionOption 4: $0
Vtech Metal has earnings per share of $2. It has 10 million shares outstanding, calculate the price per share of the combined corporation after the merger.
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