Abc developed a new horse transport device and incurred research and development costs of
$250,000. rather than continue with their own research, abc decided to purchase a patent for a similar design from vail, inc. for $350,000. what are the total assets and expenses for these developments?
a. assets $600,000; expenses $0. b) assets $250,000; expenses $350,000.
c) assets $350,000; expenses $250,000. d) assets $0; expenses $600,000.

Adisadvantage of corporations is that shareholders have to pay on profits.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).

Present values. the 2-year discount factor is .92. what is the present value of $1 to be received in year 2? what is the present value of $2,000? (lo5-2)