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Question: Fore Holdings (Fore) operates a leisure centre. On 1 July 2022, Fore purchased a new golf simulator at a cost of $90,000 and incurred installation costs of $15,000 for the simulator to become operational. The simulator has an effective life of 15 years, Fore does not apply any small business concessions. What is the maximum deduction available to Fore in respect of the golf simulator for the 2023 income year?
At December 31, 2019 the bond has a fair value of $910,000.Prepare all of the 2019 journal entries to account for this investment.
Carter Company reported the following financial numbers for one of its divisions for the year, Compute the division's return on investment
The following year, ABC Corporation declared a regular dividend of $8 per share. What would be of the total amount of dividend expense
Calculate Q's taxable income for the tax year of 2012. Q will not be able to itemize deductions
Selecting a for-profit organization of interest, you will research an unusual or conflicting accounting principle that has impacted your chosen organization. The research requires you to present, review and analyze the organizations published acco..
Use the modified duration to find the approximate percentage change in the bond's price. Find the new price of the bond from this calculation.
On January 1, 2020 , Reshel Company reported the fair value of plan assets at P6,700,000. What is the employee benefit expense?
What activity accounted for the largest source of revenue (found on the "Statement of Revenues, Expenditures and Changes in Fund Balance")?
During the month of February, XYZ, Inc. completed the following transactions related to its stock: February 2: Issued 3,000 shares of no-par common stock.
Alice used the condemnation proceeds to purchase a new residence for $90,000. What is Alice's recognized gain or loss and her basis in the new residence
How do you think states like California and Massachusetts can impose stricter emission controls on motor vehicles than the federal standard?
Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank
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