On may 5 of the current tax year, byrne purchased a patent that qualifies as a § 197 intangible. the cost of the patent was $207,000 and byrne is a calendar year taxpayer. in the current tax year, how much of the patent's cost may byrne amortize?

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?

You decide to invest in a portfolio consisting of 25 percent stock a, 25 percent stock b, and the remainder in stock c. based on the following information, what is the expected return of your portfolio? state of economy probability of state return if state occurs of economy stock a stock b stock c recession .16 - 16.4 % - 2.7 % - 21.6 % normal .55 12.6 % 7.3 % 15.9 % boom .29 26.2 % 14.6 % 30.5 %

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is