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Kansas City Zephyrs Baseball Club, Inc

   
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Title: Kansas City Zephyrs Baseball Club, Inc
 
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Subject: Business
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Date: October 12, 2006
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Length: 2 / 537
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$12 million of that is being amortized over a six-year period. Players: Depreciation expense arises only when a team is sold. Players actually improve their skills with experience. Owners: Amortization of 50% of purchase price is allowed by Internal Revenue Code...
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In the books, 100% of the salary is expensed each year. Players: Only the 80% portion of the salary should be expensed in that accounting year because the remaining 20% is not set aside. (Cash Basis for Accounting) Owners: 100% of each salary should be expensed each year according to the matching concept...
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