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Question
Submitted by katytu on Fri, 2016-12-09 18:18
due on Wed, 2016-12-14 01:00
answered 1 time(s)
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WEEK 44 ASSIGNMENT

Answer
Submitted by nyanya on Wed, 2016-12-14 17:19
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xxxx xx ASSIGNMENT

Student name

Course

xxx

WEEK xx xxxxxxxxxxx

Chapter xx – xxxxxxx 25

xxxxxxxxxxxxx computed xxxxxx xx xxxx

xxxxxxxxxxxxx

xxxxx

$ 140,000.00

xxxx depreciation recapture income

$ 12,000.00

$ 12,000.00

Less:

xxxx of xxxxx sold

$(42,000.00)

xxxxxxxxxxxxxx xxxxxxxx

xxxxxxxxxxxx

depreciation xxxxxxx MACRS

$(17,000.00)

$ xxxxxxxxxxx

Nonseparately xxxxxxxx xxxxxx xx xxxx

x xxxxxxxxx

xxxx share of xxxx xxxx capital xxxx

x

xxxx xxxx xxxxxxx xxxx

20,000

xxxx 40% share xx xxxx xxxx capital xxxx

8000

xxxxxxx 12 – Problem 28

xxxxxxxxxxxxxxxxxxxx

xxx

x&P

xxxxx basis

balance before xxxxxxxxxxxx

10,000

xxxxx

non stated xxxxxxxx xxxxxx

xxxx

5000

total

xxxxxx

4,000

5,000

xxxxxxxxxxxx xx 90000

from xxx

xxxxxx

-10000

xxxx x&x

-4000

xxxxx

from stock xxxxx

xxxx

xxxxxxx

xxxxx

0

-4,000

xx July, xxxx shareholder’s xxxxxxxxxxxx of 6,000 xxxxxxxx their xxx xxxxx xxxxxx They are therefore xxxx xxxxx on the xxxxxx xxxxx xxxxxxxxxxxxx xx December xxx xxxx xxxxxxxxxxx xxxxx xx the x&P was $2,000 but xxxx received xxxxxx xxxxxxxxxxxxx xxxx will be xxxxx xx xxx xxxx Extra

Chapter xx – xxxxxxx 33

xxxxxxxxx

xxx

E&P

beginning balance 1/1/ xxxx

200,000

xxxxxxx

less distribution

xxxxxxxx

0

balance xxxxx distribution

60,000

110,000

xxxx xxxxxxxx xxxx

xxxxxxxx

xxxxxx balance

-60,000

110,000

The distribution xx xxxxx xxxxxxxx xxxx the AAA

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