Copy oma Parte BI- -AA- $. B C E F G A D 6. You purchase the Giovanni's truck because the owner is just tired of waiting for the tourists to come back. You are betting that when the 3 tourists return, they will again make Giovanni's Shrimp Truck extremely 4 profitable. You pay the owner $1,000,000 in cash. A certified appraiser has 5 made a report for you that contains the following information: Estimated Salvage 6 7 Fair Market Value at time of purchase 8 Truck 9 Land 10 Improvements (Dining Area) 11 Food-prep building 12 Refrigerators Estimated Life 20,000 you plan to sell and replace within year 500,000 50,000 4 yrs 240,000 25 yrs 10,000 you plan to sell and replace within year 15,000 you plan to sell and replace within year 3,200 3,000 2 yrs 15,000 10 yrs 5,000 13 Deep-Fryer/Stove/Grill/Exhaust 14 Prepaid Insurance 15 Computers/Point of Sale Terminals 16 Cash Safe 17 18 Assuming that you have formed on that will use accrual accountina Sve OS Question Question Question three o is A 2 -A Chood 18 5 - % Nod Asuming that you have formed in that will conting D Estimated Salvage A 5 made a report for you that contains the following information: B E 6 7 Fair Market Value at time of purchase 8 Truck Estimated Life 20,000 you plan to sell and replace within year 9 Land 500,000 10 Improvements (Dining Area) 50,000 4 yrs 11 Food-prep building 240,000 25 yrs 12 Refrigerators 10,000 you plan to sell and replace within year 15,000 you plan to sell and replace within year 13 Deep-Fryer/Stove/Grill/Exhaust 3,200 3,000 2 yrs 15,000 10 yrs 5,000 14 Prepaid Insurance 15 Computers/Point of Sale Terminals 16 Cash Safe 17 18 Assuming that you have formed an LLC that will use accrual accounting 19 and that you are the only member of the LLC, prepare a statement of Financial 20 Position as of the date of the sale. HINT: Date of sale, not end of year. 21 22 Ques OS Question five Question Four Question three TE