I've always viewed buildings and equipment owned by a cop oration as capital assets. The answer to a review question on this topic stars that capital assets are limited to investments in stocks and bonds and land purchased for appreciation. Any thoughts?
Not sure I understand this question. Gleim says "Within the relevant range, per-unit variable costs and fixed costs do not change." But this question as written says fixed costs within the relevant range will "decrease as volume increases."
The statute of limitations is three years from the due date of the return or two years from the date the tax was paid, whichever is later. None of these answers mention anything about when the tax was paid.