For the acquisition how much % is allowed to take over the assets and liabilities -Any restrictio
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For the acquisition how much % is allowed to take over the assets and liabilities -Any restriction? Select one: a. No restriction b. 10% c. 90% d. 50%
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- Prepare a nowchart for MACRS depreciationicost recovery of fixed assets. You may limit your flowchart to tangible personal property falling into the 5 and 7 year classes and roal property used in rental and non-rental classes. For purposes of your flowchart, you should assume that Soction 179 exists as well as any "bonus depreciation" provisions that would apply to 2023 acquisitions. Your flowchart does not need to reflect any limitations applicable to automobiles. You may also ignore any depreciation implications related to: Section 179 bonus depreciation on REAL property Alternate MACRS lives/ methods Alternative Minimum Tax State Income taxes You should base your flowchart on 2023 tax provisions. FORMAT Your fiowchart(s) should be asable reference tool that one could follow to determine the proper treatment for any covered situation.H2.is this a negative for the $6,185 or a gain? Compute the unrealize gains or losses = Unrealizes holding ( gains / loses) = Faire Value - Cost Step 2 Security Cost Faire Value Unrealized holding ( gains / loses) Sanchez Co. 238451.44 $ 2,12,280 ( $ 26,171.44 ) =(7076*390904)/11600 =7076*30 Vicario Co. 305502 $ 3,19,000 $ 13,498 =5800*55 WTA Co. 220872 $ 2,27,360 $ 6,488 =8120*28 764825.44 $ 758640 ( $ 6185.44 ) Unrealized holding ( gains / loses) = ( $ 6,185 ) Dec-31 Unrealizes gain/loss - Equity $ 6,185 Security Fair Value Adjustment $ 6,185
- Tesla acquired Amazon, for $33,520,000. The fair value of all Amazon's identifiable tangible and intangible assets was $30,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition? Multiple Choice O O $880,000 $1,760,000 $O $3,520,000 < Prev 6 of 25 Save & Ex Next15 Under physical capital maintenance assumption, a profit is earned only if the physical operating capability of the entity at the end of the accounting period is _____________ its physical operating capability at the start of the period, after adjusting for any amounts contributed by or distributed to owners during the period. a. Equal to b. Less than c. None of the given options d. Greater than• Match the following phrase to the term -Costs that are expensed rather than capitalized -A series of equal payment made at equal intervals -The translation of new knowledge into new products -Attempt to find new knowledge -Price paid for a subsidiary in excess of the fair value of its net assets Options: -Research -Annuity -Development -Goodwill -Research and Development • Match the following phrase to the term -Gives rise to deferred taxes -EBIT minus interest -Lease agreement where the risks and benefits are not conveyed to the lessee -Account holding both interest expense and amortization expense on an operating lease -Lease agreement where the risks and benefits are conveyed to the lessee Options: Operating lease -Lease expense -Finance lease -Temporary difference -Times -Interest -earned
- • X assessed its purchase of Y and determined that they expect Y to continue increasing in value for the next several years. It is appropriate for X to: O Conclude that a qualitative test determined no impairment is necessary. Conduct a two-step quantitative test. Record an impairment. O All of the above are acceptable.Match the term with its definition. Additions Avoidable Interest Capitalization Period Commercial Substance Improvements Choose] [Choose ] Time Elapsed: Hide Time Attempt due: May 12 at 11:59pm 1 Minute. 22 Seconds The amount of interest on existing debt that would not have been incurred if the expenditures for the constructed asset had not occured. Correct Answer Used in the exchange of nonmonetary assets. Occurs when future cash flows change as a result of the transaction. Correct Answer A substitution for a better asset than the one currently being used. Correct Answer A transaction that maintains property.plant and equipment in operating condition. Required to be expensed as incurred. Correct Answer A transaction that will benefit several periods. Required to be handled as either an addition, improvement, or replacement Correct Answer The lenght of time whereby a company must add the cost of interest incurred to the asset being constructed. Correct Answer Used in determining the…Owe
