Determine the tax basis of the business asset acquired in each of the following cases: Required:
a. Firm L paid $5,950 cash plus $416 sales tax plus a $500 installation charge for a satellite dish.
b. TTP Inc. acquired inventory in exchange for 800 shares of TTP common stock listed on Nasdaq at $212 per share on the date of exchange.
c. Firm Q acquired machinery in exchange for architectural drawings rendered by Firm’s Q’s junior partner. The partner spent 20 hours on the drawings, and his hourly billing rate is $350.
d. Company C purchased equipment by paying $2,000 cash at date of purchase and financing the $18,000 balance of the price under a three-year deferred payment plan.

a. A Cost basis is best:

= Every cost necessary to set up and use the satellite dish:

= Purchase price + Sales tax  + Installation tax

= 5,950 + 416 + 500

= $6,866

b. Here the best basis to use is the Fair Market Value of the stock that was exchanged for the inventory:

= (800 * 212)

= $169,600

c. Use Fair Market Value of services rendered by junior partner:

= 20 * 350

= $7,000

d. Use the total payment requirement:

= Cost at purchase date + Balance to be paid

= 2,000 + 18,000

= $20,000

balanced lifestyle would be the type of lifestyle that fulfill all aspects of our life, including financial security, personal achievements, emotional balance, and intimate relationships with other people.

for me personally, the job that i would choose to achieve a balanced lifestyle is opening an online store.

online store can be managed from the comfort of our phone. if we are the owner of the store, we can determine our own working hours. we can arrange our working hours so we have time to do things such as taking care of children, cultivating romantic relationship, or do our hobby.

i would say their habit of breaking down.