Q: I have a client who purchases and hires shipping containers. The containers eventually get sold to some buyers. My question is, are the shipping containers for hire treated as stock or depreciable assets or neither?
Q: Company A wants to sell their business to Company B. Company B paid $10,000 for the option fee to Company A to secure the right of offer. This option fee will reduce the amount paid if the option was exercised. Company B just notified our client that they would not proceed with the acquisition.
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