Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a. the sales price was $35,000? b. the sales price was $27,178.80? c. the sales price was $19,000? Cost recovery. Richardses' Tree Farm, Inc. purchased
a.the sales price was
$35,000?
b.the sales price was
$27,178.80?
c.the sales price was
$19,000?
Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $87,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales price was $35,000? b. the sales price was $27,178.80? c. the sales price was $19,000? a. If the sales price is $35,000, what is the after-tax cash flow? $(Round to the nearest cent.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started