On january 1, 2017, a rich citizen of the town of ristoni donates a painting valued at $330,000 to be displayed to the public in a government building. although this painting meets the three criteria to qualify as an artwork, town officials choose to record it as an asset. there are no eligibility requirements for the gift. the asset is judged to be inexhaustible so that depreciation will not be reported.

for the year ended december 31, 2017, what will be reported on government-wide financial statements in connection with this gift?

Why does the united states government provide tax breaks related to the amount of money companies spend on research and development? a. to provide incentives for companies to conduct research and development to allow antitrust authorities b. to challenge joint research efforts c. to protect the right of inventors d. to produce and sell their inventions e. to involve less government scrutiny than a government funded project

For each example identify the most appropriate ctso

Jackson is preparing for his hearing before the federal communications commission (fcc) involving a complaint that was filed against him by the fcc regarding the interruption of radio frequency. the order to "cease and desist" using the radio frequency has had a detrimental impact on his business. once the administrative law judge prepares his or her initial order, jackson has no further options. no, jackson can request that the matter be reviewed by an agency board or commission. yes, once the initial order is presented, it's only a matter of time before the order becomes final.