ACCT 401 DB 2

There will probably be four Group Dialogue Board Boards all through the course.  Teams will probably be assigned alphabetically based mostly on final title. The aim  of Group Dialogue Board Boards is to generate interplay amongst  college students in regard to related present course matters. You might be required  to put up 1 thread of no less than 500 phrases and a couple of replies of no less than 250  phrases every in response to 2 classmates' threads. For every thread, you  should assist your assertions with no less than 2 citations apart from the  textbook. The Bible have to be a kind of sources. All the things have to be in  present APA format, and citations for the replies should not required however  inspired. Your thread is due by 11:59 p.m. (ET) on Thursday of the module/week  through which it's assigned, and your 2 replies are due by 11:59 p.m. (ET)  on Sunday of the identical module/week. Query four: Ken donated a portray to the Hamilton Metropolis Artwork Museum. He  acquired the portray 20 years in the past at a price of $10,000. Ken had the  portray appraised by the proprietor of a Hamilton artwork retailer, a certified artwork  appraiser, who estimated its worth at $50,000. Ken believed the  portray was price greater than $50,000, so he had it appraised by an artwork  vendor from Chicago. The Chicago artwork vendor, additionally a certified artwork  appraiser, appraised the portray at a price of $120,000. Ken itemized  deductions and took a charitable contribution deduction of $120,000. Was  Ken justified in taking a deduction based mostly on the upper appraisal?  Justify your reply.
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