Case 1 (Tình huống 1): On July 1, 2022, Apache Company (the seller) transferred a parcel of undeveloped land to a construction company (the buyer) for a selling price agreed between both parties of $3,000,000. The book value of the land on Apache's books was $1,200,000. Terms of the sale required a down payment of $150,000 and 19 annual payments of $150,000 plus interest at an appropriate interest rate due on each July 1 beginning in 2023. Apache has no significant obligations to perform services after the sale. Vào ngày 1/7/2022, công ty Apache (bên bán) chuyển giao một lô đất cho công ty xây dựng (bên mua) với giá bán theo thỏa thuận giữa 2 bên là $3,000,000. Giá trị của lô đất này trên sổ sách của công ty Apache là $1,200,000. Điều kiện bản là công ty mua sẽ trả $150,000 ngay tại thời điểm mua (1/7/2022), và phần tiền còn lại thì trả đều trong 19 năm, mỗi năm $150,000 kèm với tiền lãi với lãi suất phù hợp

Case 1 (Tình huống 1): On July 1, 2022, Apache Company (the seller) transferred a parcel of undeveloped land to a construction company (the buyer) for a selling price agreed between both parties of $3,000,000. The book value of the land on Apache's books was $1,200,000. Terms of the sale required a down payment of $150,000 and 19 annual payments of $150,000 plus interest at an appropriate interest rate due on each July 1 beginning in 2023. Apache has no significant obligations to perform services after the sale. Vào ngày 1/7/2022, công ty Apache (bên bán) chuyển giao một lô đất cho công ty xây dựng (bên mua) với giá bán theo thỏa thuận giữa 2 bên là $3,000,000. Giá trị của lô đất này trên sổ sách của công ty Apache là $1,200,000. Điều kiện bản là công ty mua sẽ trả $150,000 ngay tại thời điểm mua (1/7/2022), và phần tiền còn lại thì trả đều trong 19 năm, mỗi năm $150,000 kèm với tiền lãi với lãi suất phù hợp

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization

Section: Chapter Questions

Problem 62P

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