A used machine with a purchase price of $77,000, requiring an overhaul costing $8,000, installation costs of $5,000,and special acquisition fees of $3,000, would have a cost basis of
a. $82,000
b. $90,000
c. $85,000
d. $93,000
d
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Testamentary capacity refers to the:
A. lack of awareness of the value of the property by the testator. B. limit on how much property can be inherited by a given individual. C. ability to give gifts to the testator's issues or descendants. D. legal capacity to make a valid will.
Buchanan Enterprises is considering investing in a machine that costs $400,000. The machine is expected to generate revenues of $175,000 per year for five years. The machine would be depreciated using the straight-line method with no half-year convention over five years and have no salvage value. The company considers the impact of income taxes in all of its capital investment decisions. The
company has a 40 percent income tax rate and desires an after-tax rate of return of 10 percent on its investment. The net present value of the machine is: A) $179,992. B) $(13,338). C) $119,337. D) $(1,966).
To be ABA approved, paralegal programs must have at least ________ semester hours, including general education and legal specialty courses
Fill in the blanks with correct word
Miguel reprogrammed a cellular telephone so that it intercepted electronic funds transfers and rerouted them to Miguel's bank account. What crime has he committed?
a. Insurance fraud b. Wire fraud c. Mail fraud d. Embezzlement