Question: Here is the answer since I can't post it any other way. FORM 4 7 9 7 COMPLETED. All answers should show except the name
Here is the answer since I can't post it any other way. FORM COMPLETED. All answers should show except the name of the company on page
Moab Inc. manufactures and distributes hightech biking gadgets. It has decided to streamline some of its operations so that it will be able to be more productive and efficient. Because of this decision it has entered into several transactions during the year. Do not round intermediate computations.
Moab Inc. sold a machine that it used to make computerized gadgets for $ cash. It originally bought the machine for $ three years ago and has taken $ in depreciation.
Moab Inc. held stock in ABC Corp., which had a value of $ at the beginning of the year. That same stock had a value of $ at the end of the year.
Moab Inc. sold some of its inventory for $ cash. This inventory had a basis of $
Moab Inc. disposed of an office building with a fair market value of $ for another office building with a fair market value of $ and $ in cash. It originally bought the office building seven years ago for $ and has taken $ in depreciation.
Moab Inc. sold some land held for investment for $ It originally bought the land for $ two years ago.
Moab Inc. sold another machine for a note payable in four annual installments of $ The first payment was received in the current year. It originally bought the machine two years ago for $ and has claimed $ in depreciation expense against the machine.
Moab Inc. sold stock it held for eight years for $ It originally purchased the stock for $
Moab Inc. sold another machine for $ It originally purchased this machine six months ago for $ and has claimed $ in depreciation expense against the asset.
Complete Moab Inc.s Form for the year
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