7-77. Your company just purchased a bar-code system for $70,000. It has a five-year MACRS class life.

Question:

7-77. Your company just purchased a bar-code system for $70,000. It has a five-year MACRS class life. The expected market value of the bar-code system in 3 years is $32,000. What is the gain (or loss) when this asset is sold at end year 3?

(a) $11,840

(b) $5,120

(c) −$1,600

(d) $11,120

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economy

ISBN: 9780134870069

17th Edition

Authors: William Sullivan, Elin Wicks, C Koelling

See More Books

Question Posted: Oct 26, 2024 01:01 PM

See More Questions

View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company, linked here as well as on the Course Information page. Using this report, answer the following questions: Does the...
Project 1: Analysis of a 10- K (10%) 1. Locate a 10-K of your choice from the SEC website (www.sec.gov). Present your choice in the conference set up for same in Week #1 for approval by stating the...
CURRENT ASSETS Refer to the notes to the financial statements. The first note, "Summary of Significant Accounting Policies," should provide information about the company's accounts receivables,...
Several industries located along the Ohio River discharge a toxic substance called carbon tetrachloride into the river. The state Environmental Protection Agency monitors the amount of carbon...
Ten percent of the meals served in Brent's Deli are incorrectly priced. What is the probability (using the binomial calculations) that our of a sample of 10 meals (A) Exactly one is priced wrong (B)...
Qwik Repairs has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil changerelated services represent 70% of its sales...
7-77. Your company just purchased a bar-code system for $70,000. It has a five-year MACRS class life. The expected market value of the bar-code system in 3 years is $32,000. What is the gain (or...
1. Determine the amount Jackson Enterprises is willing to pay in terms of goodwill. 2. If JEs shares are currently trading at $62.43, then how many shares should JE offer for every share of MSI? 3....
The mass of a radioactive substance follows a continuous exponential decay model . A sample of this radioactive substance has an initial mass of 798 kg and decreases continuously at a relative rate...
7-76. If the federal income tax rate is 35% and the state tax rate is 5% (and state taxes are deductible from federal taxes), the effective income tax rate is (a) 35% (b) 37.5% (c) 38.3% (d) 40%
7-78. Acme Manufacturing makes their preliminary economic studies using a before-tax MARR of 18%. More detailed studies are performed on an after-tax basis. If their effective tax rate is 40%, the...
If the points in a normal quantile plot deviate from a straight line, then the population can be treated as approximately normal. In Exercise 8, determine whether the statement is true or false. If...
Alberta's Educational Software Outlet sells two or more of its video games as a single package. Managers are keenly interested in individual product profitability figures. Information pertaining to...
The following the trial balance was extracted from the nominal ledger of Hexham plc on 31 March 20X8: Debit Sales Inventories at 1 April 20X7 Credit 1.150.000 75,000 Purchases Distribution costs...
Part I: On July 10, 2019 Ariff places in service a new SUV that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2019, assuming Ariffs...
Required: Use the following information to complete Keith and Jennifer Hamiltons 2017 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. Form 1040,...
Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $70. Budgeted unit sales for June, July,...
A small, 2.00-g plastic ball is suspended by a 20.0-cm-long string in a uniform electric field as shown in Figure P23.54. If the ball is in equilibrium when the string makes a 15.0° angle with...
How do network effects help Facebook fend off smaller social-networking rivals? Could an online retailer doing half as much business compete on an equal footing with Amazon in terms of costs? Explain.

7-77. Your company just purchased a bar-code system for $70,000. It has a five-year MACRS class life.

Question:

Step by Step Answer:

Engineering Economy

Students also viewed these Business questions