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question - potomac llc purchased an automobile for 30000 on august 5th of 2010 what is potomocs depreciation expense
question - a partner owns a 50-percent interest in a partnership for the partnership tax year ended december 31
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julio is in the 33 tax bracket he acquired 2000 shares of stock in gray corporation seven years ago at a cost of 50 per
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question - a machine cost 500000 on april 1 2008 its estimated salvage value is 50000 and its expected life is eight
green corporation a calendar year taxpayer had a deficit in accumulated eampp of 250000 at the beginning of the current
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abc company produces product x product y and product z all three products require processing on specialized finishing
question - litman llc placed in service on july 29 2009 machinery and equipment 7 year property with a basis of 400000
question - assume that bethany acquires a competitors assets on march 31st the purchase price was 150000 of that amount
well its been a busy day in your office another of your colorful clients has come in with tax problems seeking your
question - microtech corporation is expanding rapidly and currently needs to retain all of its earnings hence it does
question - if you have a 145 times turnover last year and your beginning inventory is 290000 and ending inventory is
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a project requires an immediate investment of 68629 in some new equipment with an estimated useful life of 10 years and
question - smith operates a roof repair business this year smiths business generated cash receipts of 32000 and smith
if bob wants to have 129793 at retirement 41 years from now how much does he need to invest today assuming an 5 rate
question - werner is the president and ceo of acme inc and this year he took a prospective client to dinner during the