Monique is planning to increase the size of the manufacturing business that she operates as a sole proprietorship. She has a number of older assets…

Monique is planning to increase the size of the manufacturing business that she operates as a sole proprietorship. She has a number of older assets that she will replace as part of the expansion. In addition, to finance this expansion she will have to sell some of her personal assets. Because it is close to the end of the tax year, she can time the sales of the assets to take the greatest advantage of the tax laws. Monique is currently in the 35 percent tax bracket.

Following are the assets that Monique plans to sell; assume that she will realize their fair market value on the sales:

Business Assets            Acquisition             Fair Market           Department                    Adjusted                          Original

                                           Date                          Value                   Method                          Basis                                   Cost

1. Truck                             1995                           3,000                   MACRS                           0.00                             20,000

2. 0/Bldg                            1990                           300,000              MACRS                         160,000                        285,000

3. Machine 1                      2000                          10,000                  MACRS                          25,000                           80,000

4. Machine 2                    2001                           60,000                 MACRS                          55,000                           95,000

Personal Assets                                Acquisition Date                             Fair Market Value                            Original Cost

1. Sculpture                                            1991                                                  400,000                                         260,000

2. Painting                                              1998                                                   400,000                                          525,000

3. 100,000 Shares ACC                         2004                                                   800,000                                         1,050,000

4. 10,000 Shares BBL                          2006                                                   400,000                                            350,000  

Calculate your essay price
(550 words)

Approximate price: $

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)
Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more