Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(Estimated time allowance: 5 minutes) Flowers Inc. purchases an asset for $140,000 and will depreciate it down to zero using the straigth-line method. The life

image text in transcribed
(Estimated time allowance: 5 minutes) Flowers Inc. purchases an asset for $140,000 and will depreciate it down to zero using the straigth-line method. The life of the asset is 30 years. Flowers Inc. has a tax rate of 40%. If the asset is sold at the end of six years for $40,000, what is the cash flow from disposal (termination value of the asset)? In your answer,DO NOT USE commas to separate thousands, do not use the dollar \$ sign, and round to the nearest dollar. For example, if your answer is $34,456.729 then enter 34457. If answer is a negative cash flow, enter the minus sign in front of the first number (do not enter a parenthesis to represent a negative number). For example, if your answer is $2,511.00 then enter 2511 Your

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Stanley Eakins Frederic Mishkin

9th Global Edition

1292215003, 978-1292215006

More Books

Students also viewed these Finance questions

Question

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

What Is acidity?

Answered: 1 week ago

Question

Explain the principles of delegation

Answered: 1 week ago

Question

State the importance of motivation

Answered: 1 week ago

Question

Discuss the various steps involved in the process of planning

Answered: 1 week ago

Question

3. Outline the four major approaches to informative speeches

Answered: 1 week ago

Question

4. Employ strategies to make your audience hungry for information

Answered: 1 week ago