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Zac Petersons estate reports the following information: Value of estate assets $ 2,510,000 Conveyed to spouse 1,105,000 Conveyed to children 240,500 Conveyed to trust fund
Zac Petersons estate reports the following information:
| Value of estate assets | $ | 2,510,000 | |
| Conveyed to spouse | 1,105,000 | ||
| Conveyed to children | 240,500 | ||
| Conveyed to trust fund for benefit of cousin | 552,500 | ||
| Conveyed to charities | 270,500 | ||
| Funeral expenses | 33,500 | ||
| Administrative expenses | 51,500 | ||
| Debts | 256,500 | ||
What is the taxable estate value?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
