Help- corporate purchase

Jul 20, 2007 1 Replies

Here is the deal-



A coproration (regular, not an S) has vehicles at a cost of



90k and accum depr of 75k. They are considering selling for
125K. Now the little kicker- there is an AR- stockholder of 30k. We have a state excise tax of 6.5%. What do you think is best- selling stock or assets?

Any opinions are appreciated.



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Sorry, one other piece of information-

Stock cost is $1000.

Retained earinings is 29K+, about the same as the AR-stockholder. RG

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