Sunday, July 10, 2011

BUS 585 Taxation Chapter 9 and 10

Chapter 10 p.455


20) Julie transferred a personal-use computer to her sole proprietorship. The computer originally cost her $3,000. At the date of transfer, the computer had a fair market value of $1,000. Explain how both Julie and the sole proprietorship will treat this for tax purposes.

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http://www.youtube.com/watch?v=GVvpN7yYsno

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