Tweet
Re: Accounting Question
In my village, which his very far from the marketing genious of Boston, it is quite ordinary that when you buy two items of significant value, you get a rebate, let say 5%.
Therefore, in my village, the S1500 would include $950 for the item A ($1000 less 5%) and $550 for item B ($578.95 les 5%).
The FMC of B in this case, in my village, would be $578.95.
Originally posted by LordShiva
If I establish fair market value of item A at $1,000, and fair market value of items A and B together at $1,500, can I claim $500 as item B's fair market value?
If I establish fair market value of item A at $1,000, and fair market value of items A and B together at $1,500, can I claim $500 as item B's fair market value?
Therefore, in my village, the S1500 would include $950 for the item A ($1000 less 5%) and $550 for item B ($578.95 les 5%).
The FMC of B in this case, in my village, would be $578.95.
Comment