Mike made the following offer to mick: "i will pay you $2,500 if you agree to paint my house." they discussed what color and brand of paint mike wanted used, when mick would start and finish the job, and several other details about the job. mick replied that he would paint the house and they shook hands. mick painted the house and sent mike a bill. mike paid mick. at this point, the contract is

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Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes