Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

Farris Industrial purchased a machine five years ago at a cost of $164,900. The machine is being depreciated using the straight-line method over eight years.

Farris Industrial purchased a machine five years ago at a cost of $164,900. The machine is being depreciated using the straight-line method over eight years. The tax rate is 35 percent and the discount rate is 14 percent. If the machine is sold today for 42,500, what will the aftertax salvage value be?

A 35,731.88

B 27,625.00

C 49,268.00

D 63,696.88

E 52,011.18

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

Recommended Textbook for

Venture Capital And The Finance Of Innovation

Authors: Andrew Metrick

1st Edition

0470074280, 9780470074282

More Books

Students also viewed these Finance questions

Question

★★★★★

Find the sum of the series (- 1)n / (2n + 1)3n

Answered: 1 week ago

Question

★★★★★

Tom has a bowl that contains four white balls and three red balls. He selects balls successively from the bowl (at random and without replacement) and puts them one next to the other. The following...

Answered: 1 week ago

Question

★★★★★

Figure is an idealized schematic drawing of a rail gun. Projectile P sits between two wide rails of circular cross section; a source of current sends current through the rails and through the...

Answered: 1 week ago

Question

★★★★★

The setting for this problem is the multi - period binomial model with T = 2 , S 0 = $ 1 0 0 , u = 2 , d = 1 / 2 , r = 0 . 1 . Consider an American put option with strike price K = $ 1 2 0 . ( a )...

Answered: 1 week ago

Question

★★★★★

What is the purpose of euphemism? Provide at least one specific example to illustrate your euphemism. Discuss how two forms of communication, profanity and political communication, affect the process...

Answered: 1 week ago

Question

★★★★★

Thoroughly respond to the prompts below. Enter your responses on a new line. 1. Analyze the project risk: What could cause the problem to occur? How can each problem be prevented? If the problem...

Answered: 1 week ago

Question

★★★★★

4. From the conservation of momentum equation below, write out the 2 scalar equilibrium equations for a 2-dimensional isotropic elasticity problem. ft pf = (2+) Fix +N+fXx + pl. fu fx, fx, fx, fx,...

Answered: 1 week ago

Question

★★★★★

Draw a circle representing one platter surface of a hard disk. On your drawing show an example of a track, of a sector, and of a block. 10.5 Draw a sector representing one platter surface of a hard...

Answered: 1 week ago

Question

★★★★★

Construct and submit the Future State VSM using seconds for TT , PT , and CT calculations. Make the map fit on one page by turning the page landscape. The map must be legible and professional. Based...

Answered: 1 week ago

Question

★★★★★

1) If you were worth $1 Million at the end of World War II, calculate how much you would need today to maintain the same purchasing power as in 1945? 2) How much would Rockefellar's fortune be worth...

Answered: 1 week ago

Question

★★★★★

=+do to minimize your carbon footprint and the amount of e-waste you produce?

Answered: 1 week ago

Question

★★★★★

=+How often do you change your cell phone? What about your computer?

Answered: 1 week ago

Question

★★★★★

=+effective to donate the same amount of money to an NGO that has an established environmental track record (such as the Sustainable Forestry Initiative, http://www.sfiprogram.org/)?

Answered: 1 week ago

Previous Question Next Question