Offshore platform safety equipment, designed for special jobs, will cost $2,500,000, will have no salvage value ,
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Offshore platform safety equipment, designed for special jobs, will cost $2,500,000, will have no salvage value, and will be kept in service for exactly 5 years, according to company policy. Operating revenue minus expenses is estimated to be $1,500,000 in year 1 and only $300,000 each additional year. The effective tax rate for the multinational oil company is 30%. Show hand and spreadsheet solutions, as instructed, to find the after-tax ROR using
(a) classical SL depreciation
(b) MACRS 5-year depreciation, neglecting any tax effects at the end of 5 years of service.
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...
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a Classical SL n 5 year recovery period D 2500000 05 500000 All monetary values are in ...View the full answer
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