1. Reversing Rapids Co. purchases an asset for $175,054. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $10,889.

Calculate accumulated depreciation over 4 years. Round the answer to two decimals.

answer is 144,804.67

2.Reversing Rapids Co. purchases an asset for $149,486. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $12,456.

Calculate book value of an asset. Round the answer to two decimals.

answer is 25,831.18

3. Reversing Rapids Co. purchases an asset for $196,845. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $14,962, what is the cash flow from disposal?

Calculate gain or loss on disposal. Round the answer to two decimals.

answer is -19,052.82

4.Reversing Rapids Co. purchases an asset for $189,958. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of four years for $12,584.

Calculate tax credit on disposal. (The answer should be entered as positive value). Round the answer to two decimals.

answer is 6,072.22

5.Reversing Rapids Co. purchases an asset for $125,568. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $10,035.

Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals.

answer is 13,533.95

Please explain with formula

Thank you