Help- corporate purchase

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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Reply to
Ricky Gentry
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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

Reply to
Ricky Gentry

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