If I paid $120,000 for a business in 2006
Goodwill $100,000
Assets $ 20,000
And I threw out $10,000 of Assets throughout 2006
How would I put this on the tax return or financial statements.
Would I still say the business cost 120,000 and put only 10,000 to assets? or Would I show the assets as being disposed of, on a certain date?
Please give advice, basically like this
Good will
Assets
Write Off
equals 120,000
2007-04-16
04:07:08
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2 answers
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asked by
Chris
3
in
United States