During the current year, brewer company acquired all of the outstanding common stock of miller inc. paying $12,800,000 cash. the book values and fair values of miller's assets and liabilities acquired are listed below: book value fair value accounts receivable $ 2,200,000 $ 2,025,000 inventories 3,500,000 4,800,000 property, plant, and equipment 9,800,000 12,425,000 accounts payable 3,800,000 3,800,000 bonds payable 5,300,000 4,925,000

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.

Arecession is defined as a period in which

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?