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Unformatted text preview: (take 10% of "other current asset" value) capital gains tax rate 0.15 deferred capital gains Total current portion deferred taxes 0.00 Use 10% of "other current assets" fill in values in the highlighted cells do not change other cells NON-CURRENT PORTION Market Basis assumed rate Estimate of Cost Basis machinery 0.90 purchased breeding livestock (bulls) 0.95 buildings 0.70 land 0.50 Total Difference Raised breeding stock (cows & heifers) Total Assumed rate 0.15 deferred taxes, market fill in values in the highlighted cells Do not change any other cells...
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- Fall '08
- Balance Sheet, Generally Accepted Accounting Principles