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At the beginning of 2010,Marquee Inc. has two assets in Class 10 . The balance in this class is $7,423. The cost of each asset in the class was $7,500. On June 30, 2011, one of the assets is sold for $7,950. There are no other additions or dispositions prior to the Company's December 31, 2010 year end. What is the effect of the disposition on the Company's 2010 net business income? In addition, determine the January 1, 2011 UCC balances.
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EXPLAIN IN DETAILS RETURN ON INVESTMENT
Problems for Benchmark HW: There are issues here that were not covered in live lecture, but here are some issues that you need to be conscious of when attempting the problems. t
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