Net Proceeds
Categories: Accounting
You sold a ranch for $4 million. The commission on the sale was $200,000. The cost to remove 32 dead cows: $10,000. The paying-off-of-back-taxes: $130,000. Debt on the ranch: $60,000.
All in, these costs added to $400,000. So the net proceeds from the sale: $3.6 million.
Freedom from having to smell cow dung all day? Priceless.