Josh Reily is the owner of Dispatch Delivery Sevice. Recently josh paid intrest of $4,500 on a personal loan of $75,000 that he used to begin the business. Should Dispatch Delivery Service record the intrest payment? Explain.
Josh Reily is the owner of Dispatch Delivery Sevice. Recently josh paid intrest of $4,500 on a personal loan of $75,000 that he used to begin the business. Should Dispatch Delivery Service record the intrest payment? Explain.
A) Land with an assessed value of $750,000 for property tax purposes is acquired by a business for $900,000. Ten years later, the plot of land has an assessed value of $1,200,000 and the business receives an offer of $2,000,000 for it. Should the monetary amount assigned to the land in the business records now be increased.
B) Assuming that the land acquired in (A) was sold for $2,125,000 how would the various elements of the
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