Two months ago, dawes inc. broke a multi-year lease on office space that it had occupied for four years. three years ago, dawes paid $85,300 to install carpeting and new electrical fixtures throughout the office. accumulated depreciation through the date that dawes vacated the office was $51,000. what is the tax consequence of dawes' abandonment of the carpeting and fixtures

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)