Access the FASB Accounting Standards Codification at the FASB website (www. fasb. org). Determine the specific eight-digit Codification citation (XXX-XX-XX-X) that describes each of the following items:

Required:
1. The basic principle for recording nonmonetary transactions at fair value.
2. Modifications of the basic principle for recording nonmonetary transactions when fair value is not determinable or the exchange lacks commercial substance.
3. The concept of commercial substance.
4. The required disclosures for nonmonetary transactions.

The maximum tax rate on estates and gifts

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Money from an allowance or job is known as .