You purchased a machine for $ 1.15 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 40 %. If you sell the machine today (after three years of depreciation) for $ 793 comma 000 , what is your incremental cash flow from selling the machine? g
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You purchased a machine for $ 1.15 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
he following information was drawn from the accounting records of Chapin Company. On January 1, Year 1, Chapin paid $56,000 cash to purchase a truck. The truck had a five-year useful life and a $6,000 salvage value.
Answers (1)
Sales of Version 6.0 of a computer software package start out high and decrease exponentially. At time t, in years, the sales are s (t) = 50e^t dollars per year. After two years, Version 7.0 of the software is released and replaces Version 6.0.
Answers (1)
At December 31, 2014, Fell Corporation had a deferred tax liability of $680,000, resulting from future taxable amounts of $2,000,000 and an enacted tax rate of 34%.
Answers (1)
Related to the Solved Problem 4.3] According to an article in the Wall Street Journal in early 2016, "U. S. government bonds maturing in more than 25 years returned a negative 1.2% in the month through Thursday after chalking up a 8.
Answers (1)
A venue manager has a target labor cost of 18% of revenue. If the labor cost is $20,000, what must the revenue be in order for the target labor cost to have been achieved? (Round to the nearest dollar.)
Answers (2)
New Questions in Business
In January the price of dark chocolate candy bars was $2.00, and Willy's Chocolate Factory produced 80 pounds. In February the price of dark chocolate candy bars was $2.50, and Willy's produced 110 pounds.
Answers (1)
Why is there a difference between interest charged and interest earned? Question 7 options: Banks are non-profit institutions. Banks are profit-making institutions. Banks must pay more than they receive.
Answers (2)
In most business organizations, the chief management accountant is called the controller. a. True b. False
Answers (1)
A nation has a workforce of 500 workers. In every month, 10 workers leave jobs, and 10 different workers tind jobs However, there are also 20 workers who lack the skills to be employed, and thus remain unemployed throughout the year There is no
Answers (2)
In the late 1800s, workers tolerated poor wages and working conditions because they a. thought that the government would protect them. b. believed it had to get worse before it got better. c. could be replaced easily by other workers. d.
Answers (1)