Mike saxon is negotiating the purchase of a business. the final purchase price has been agreed upon, but the allocation of the purchase price to the assets is still being discussed. appraisals on a warehouse range from $1.2 million to $1.5 million. if a value of $1.2 million is used for the warehouse, the remainder of the purchase price, $800,000, will be allocated to goodwill. if $1.5 million is allocated to the warehouse, goodwill will be $500,000. mike wants to know what effect each alternative will have on cost recovery and amortization during the first year. under the agreement, mike will take over the business on january 1 of next year. write a letter to mike in which you present your calculations and recommendation. then prepare a memo for the tax files, addressing these matters. mike’s address is 200 rolling hills drive, shavertown, pa 18708.

Symantec corp., located in cupertino, california, is one of the world's largest producers of security and systems management software. the company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): current assets: receivables, less allowances of $21,766 in 2009 and $24,089 in 2008 $ 838,010 $ 758,700 a disclosure note accompanying the financial statements reported the following ($ in thousands): year ended 2009 2008 (in thousands) trade accounts receivable, net: receivables $ 859,776 $ 782,789 less: allowance for doubtful accounts (8,938) (8,990) less: reserve for product returns (12,828) (15,099) trade accounts receivable, net: $ 838,010 $ 758,700 assume that the company reported bad debt expense in 2009 of $2,000 and had products returned for credit totaling $3,230 (sales price). net sales for 2009 were $6,174,800 (all numbers in thousands).required: what is the amount of accounts receivable due from customers at the end of 2009 and 2008? what amount of accounts receivable did symentec write off during 2009? what is the amount of symentec’s gross sales for the 2009 fiscal year? assuming that all sales are made on a credit basis, what is the amount of cash symentec collected from customers during the 2009 fiscal year?

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?

What is the sequence of events that could lead to trade surplus