taxes-worksheet - (take 10% of "other current...

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Current Portion of Deferred Taxes Inventories Crops + (in data, ending inventory of crops, value used in blance sheet) Market Livestock + 0.00 (should be 0 on your farms) Prepaid expenses + (in data, valued used in balance sheet) Investment in growing crops + 0.00 (should be 0 on your farms) Accounts receivable + (in data, valued used in balance sheet) income increasing = 0.00 Accounts payable + (in data, value used in balance sheet) Accrued interest + (in data, value used in balance sheet) Other accrued expenses + (in data, value used in balance sheet) income reducing = 0.00 net current income deferred 0.00 assumed tax rate 0.25 taxes on deferred income 0.00 Capital gains on current assets*
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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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This note was uploaded on 11/15/2011 for the course AGEC 7100 taught by Professor Duffy,p during the Fall '08 term at Auburn University.

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taxes-worksheet - (take 10% of "other current...

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