into service. The pinball machine cost $4‚000 and was placed in service on July 1‚ Y2. Year 2 Assets Purchase Date Basis Van June 15‚ Y2 $18‚000 Pinball Machine (7-year) July 1‚ Y2 $4‚000 Customer List April 30‚ Y2 $10‚000 Assume that ISys Answers does not elect any §179 expense or bonus depreciation. a. What are the maximum cost recovery deductions for ISys Answers (excluding §179 expensing) for 2010 and 2011? b. What is ISys Answers’ basis in each of its assets at the end of 2011? a. ISys
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Roles of Limited Liability Corporations and Partnerships Martin M. Komertz FIN 419 3/21/2011 John Wetherington Roles of Limited Liability Corporations and Partnerships In the following paper‚ I will look to identify the roles and differences between Limited Liability Corporations and Partnerships. Each has different advantages and disadvantages than the other. I will look to break down each and then identify which method of ownership would be the preferred method from an individual
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entity‚ legally distinct from its owners‚ who are called shareholders or stockholders. A corporation confers limited liability to its owners: shareholders cannot be held personally responsible for the corporations’ debts; they only stand to lose their investment. To incorporate‚ you work with a lawyer to prepare articles of incorporation‚ which set out the purpose of the business and how it is to be financed‚ managed‚ and governed. You may incorporate your firm federally under the Canadian Business
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In Tom Brady absence‚ Jimmy Garoppolo needs to be more careful and not be too good. On Friday night when the New England Patriots faced Carolina Panthers in exhibition game no.3‚ Garoppolo was quite harried. He however managed to complete nine out of fifteen passes throwing a total of 57 yards. He also an oncoming rush in a manner Roy Jr. will at Sigma Chi next week. As the NFL season kicks-off‚ you can rely on NFL spread. Rated at 67.9‚ it is supposedly his worst preseason rating with 3-0 New
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The Corporate Culture Robert Alford Grantham University BA560 Business Ethics Dr. Janice Spangenburg March 19‚ 2013 The Corporate CultureLegal Case: Adelphia Case: Feds drop fraud case against Adelphia founder‚ son A six-year legal battle involving the jailed father-son duo who headed now-defunct Adelphia Communications has ended after prosecutors withdrew tax fraud charges related to their earlier conviction in a $1.9 billion fraud case. Prosecutors said they withdrew the tax-related
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Tort Law | Strict Liability | Alabama Law | | Shannon Martin | 12/22/2011 | | Alabama Tort Law is the only truly comprehensive resource on tort law in Alabama. With expert discussion of proof requisites and defenses‚ it covers all the elements of each tort actionable under Alabama law. It provides the information necessary to determine if there is a case and what is needed to prove or defend it. Alabama Tort Law not only provides up-to-date coverage of relevant case law and analysis
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Chicxulub Impact report- By Sophia Davis The Chicxulub asteroid hit earth over 65 million years ago‚ killing the vast majority of life.(1) This dramatic event had a great effect on Earth and its inhabitants. The impact included three main stages: the change of pathway which lead the asteroid towards earth‚ the fall of the asteroid and the effects caused. First stage The first stage of the Chicxulub impact was the change in space which lead the asteroid on its path to Earth. In order to get a better
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Powers of Administrative Agencies 1. Quasi-legislative power / Power of subordinate legislation 2. Quasi-judicial power/Power of adjudication 3. Determinative powers (Note: Senator Neptali Gonzales calls them incidental powers) Definition of "Quasi-legislative power" It is the authority delegated by the law-making body to the administrative body to adopt rules and regulations intended to carry out the provisions of a law and implement legislative policy. Distinctions between
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Impact of Corporate Governance on Firm Performance—an Empirical investigation from the Insurance Industry of Pakistan Hafiz Muhammad Raheel Arif* Raheel_prince23@hotmail.com 00923216190575 *COMSATS Institute of Information Technology and Science Lahore‚ Pakistan Abstract The study is devoted to check the impact of corporate governance (CG) on the firm performance (FP) of the insurance industry of Pakistan. Four measures have been used in the paper to check the firm performance being affected
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Evolution of Corporate Governance in India and Abroad Introduction Corporate governance issues have attracted considerable attention‚ debate and research world wide in recent decades. Almost invariably‚ such efforts gain momentum in the wake of some major financial scam or corporate failure‚ as these tend to highlight the need for tighter surveillance over corporate behavior. Corporate governance has wide ramifications and extends beyond good corporate performance and financial propriety though
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