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Adjusted basis, beginning of year $10,000 $2,000 Ordinary income 30,000 30,000 Section 1231 gains 500 500 Interest income from municipal bonds 250 250 Short-term capital
Adjusted basis, beginning of year $10,000 $2,000 Ordinary income 30,000 30,000 Section 1231 gains 500 500 Interest income from municipal bonds 250 250 Short-term capital losses (1,000) (1,000) Charitable contributions (1,500) (1,500) Withdrawals (25,000) (20,000) Adjusted basis, end of year $13,250 $10,250
Adjusted basis, beginning of year
$10,000
$2,000
Ordinary income
30,000
30,000
Section 1231 gains
500
500
Interest income from municipal bonds
250
250
Short-term capital losses
(1,000)
(1,000)
Charitable contributions
(1,500)
(1,500)
Withdrawals
(25,000)
(20,000)
Adjusted basis, end of year
$13,250
$10,250
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
