An office machine used by josie in her accounting business was completely destroyed by fire. the adjusted basis of the machine was $8,000 (original basis of $14,000 less accumulated depreciation of $6,000). the machine was not insured. calculate the amount and nature of josie's gain or loss as a result of this casualty. (assume this is the taxpayer's only casualty gain or loss.)

What factors excluding price affect demand

If a bond is issued at a premium the effective interest rate is most likely

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?