Re: Accounting FeesClive on April 04, 2000 at 12:26:48:
In Reply to: Re: Accounting Fees posted by Mark on April 03, 2000 at 23:50:32:
: : I'm not sure of the correct method to enter the following transaction and end up with the correct adjusted cost base:
: : Please comment.
: : Regards,
: Hi Clive,
: case 1:
: case 2:
I tried both of your suggested methods, however I get different cost basis values.
Case 1: I get a cost basis of $5,000
Case 2: I get a cost basis of $4,960
I think the correct cost basis calculation is $5,000 which includes the accounting fee. But for some reason the case 2 method does not include the accounting fee in the cost basis calculation.
Please comment on this.
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