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I need it ASAP please 19. On January 1, a firm buys a $25,000 asset with an expected life of 5 years. The estimated salvage
I need it ASAP please 19. On January 1, a firm buys a $25,000 asset with an expected life of 5 years. The estimated salvage value is $5,000. The firm uses straight-line depreciation for both financial reporting and tax. The asset was placed into service on April 1st. After 3 years the firm sells the asset for $16,000. They are in the 25% tax rate. The amount that taxes as a result of the sale is closest to: a) $0 b) $500. c) $750. will they pay in 20. Melanie Hart, CFA is a transportation analyst, writing a research report on the Appalachian Mountain Railway Company (AMRC). In 2017, AMRC recognized an impairment loss of $50 million on a fleet of locomotives. The impairment loss was reported as "other income" on the income statement and reduced the carrying amount of the assets on the balance sheet. What is the most likely effect of the impairment loss? a) Net income in years prior to 2017 will likely be understated. b) Net profit margins in years following 2017 will likely exceed the 2017 net profit margin. c) Cash flow from operating activities in 2017 was likely lower due to the impairment los
I need it ASAP please
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