Emma Grace acquires three machines for $80,000, which have FMVs of $32,000, $28,000, and $20,000 respectively. The delivery cost is $500, and installation costs amount to $2,500. What is the basis of each machine?
What will be an ideal response?
First allocate common costs:
Add the common cost to the FMV of each asset:
You might also like to view...
Jonathan works for a firm that assists companies in promoting, distributing, and selling their products to end consumers. The firm Jonathan works for is a ________
A) licensor B) supplier C) marketing intermediary D) local public E) general public
Unfamiliar terms are often de?ned at the end of the report in a section called a/an
A) Summary. B) Recommendations. C) Appendix. D) Glossary.
Answer the following statements true (T) or false (F)
1. Disruptive technology tends to provide us with better, faster and cheaper products. 2. Disruptive and new technologies typically cut into the low-end of the marketplace and eventually evolve to displace high-end competitors and their reigning technologies. 3. Dell computers ranks highest on the list for expecting returns from new investments. 4. Information reach refers to the number of people a business can communicate with, on a global basis. 5. What is best for an organization's current business could ruin it in the long term.
The standard for sending security assertions is ________
A) LDAP B) XML C) SAML D) None of the above