Business, 04.12.2019 06:31, lilyrockstarmag
On january 1, 2013, a rich citizen of the town of ristoni donates a painting valued at $300,000 to be displayed to the public in a government building. although this painting meets the three criteria to qualify as an artwork, town officials choose to record it as an asset. there are no eligibility requirements for the gift. the asset is judged to be inexhaustible so that depreciation will not be reported.
a. for the year ended december 31,2013, what will be reported on government-wide financial statements in connection with this gift?
b. how does the answer to requirement (a) change if the government decides to depreciate this asset over a 10-year period using straight-line depreciation?
c. how does the answer to requirement (a) change if the government decides not to capitalize the asset?
Answers: 3
Business, 22.06.2019 02:00, whatistheinternetpas
True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false
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Business, 22.06.2019 14:40, annahm3173
In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u. s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?
Answers: 3
On january 1, 2013, a rich citizen of the town of ristoni donates a painting valued at $300,000 to b...
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