Add several communication principles to the list in Chapter 13 that are conducive for a win-win strategy.
What will be an ideal response?
Answers will vary as students develop different alternatives. Some possibilities are
(A) use nonverbal communication to encourage possible solutions from the other party.
For example, lean forward to signal interest. (B) Create an environment similar to that of
an interview. Avoid physical barriers. (C). Ensure, if parties are seated, that each chair is
equally suitable. Discomfort may lead to poor communication. (D) Think before
speaking.
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A taxpayer purchased a factory building in 1985 for $800,000. After claiming ACRS-accelerated depreciation of $800,000, she sells the asset for $1,000,000 during the current year. No payment is received during the current year, and the $1,000,000 balance to be paid with interest at the interest rate in four annual payments beginning one year from date of sale. The installment sales method is adopted. How much ordinary income is recognized in the current year?
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