Nice to relax, isn't it?

[Black Bart]

New York Girl

[QUOTE=theresa d]black bart- i live on long island and work from my home. the island is 120 miles long and the nyc boroughs of queens and brooklyn are on the western end of long island. i'm in the suburbs about 50 miles from Manhattan. it's truly an island with the atlantic ocean on the south shore (i'm sure you are familiar with the Hamptons?) and the long island sound on the north shore. i live on the north shore and connecticut is across the long island sound. so we are surrounded by water! lots of beaches. it is truly beautiful. do a lot of boating in the summer.

QUOTE]

Live and learn. I thought that Queens and Brooklyn were on the mainland and I never really was sure if Long Island was a real island. As for the Hamptons, I heard "Elaine" mention it on the Seinfeld show and I gathered it's a resort area for wealthy people (right?), but that's all I know. I am familiar with the Ozarks--small beaches at Lake Norfork and other state parks. Lots of boats and pontoons (used to have one--sold it) on the lake.

[Black Bart]

Billy O. and Jiggers

The stuff y'all cooked sounds really good and got my taste buds to droolin'. I think I just might try that grill this summer. Thanks for the "push."

[theresa d]

defunct s corp

working on the 2005 s corp return for a corp that is no longer in business-it ceased operations in early 2005 but has not been disolved. this is probably an easy question but i'm just not sure i know the answer. can the fixed assets-equipment- be depreciated for the entire year? they are not obsolete just not being used and will ultimely be distributed to the shareholders. in a related vein i believe i can write off the remaining goodwill?

a little history-the corp was a home improvement firm which applied a patented paint product to homes. the distributor of the paint product went bankrupt. the goodwill arose from the purchase of the right to use this product in a specified teritory. Prior accountant set it up as goodwill i probably would have set it up differently-purchase of territory etc. however regardless it is still as 197 intangible that is now worthless as the product no longer exist.

appreciate any thoughts.