Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 27, 2024

Justice Co. own some equipment that was purchased 4 years ago at a cost of $225,000. The equipment is 5-year property for MACRS. The firm

Justice Co. own some equipment that was purchased 4 years ago at a cost of $225,000. The equipment is 5-year property for MACRS. The firm is considering selling the equipment today for $87,000, and the firm has a 35% tax rate. Calculate the after tax salvage value for the equipment. (Round to a whole number)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

=+38. Wal-Mart revenue, part 3. Consider the model you fit in Exercise 37 to predict Wal-Marts revenue from the Retail Index, CPI, and Personal Consumption index.

Answered: 1 week ago

Question

★★★★★

The president of Giraldi Enterprises asks if you could indicate the impact certain transactions have on the following ratios. 1. Received $5,000 on cash sale. The cost of the goods sold was $2,600....

Answered: 1 week ago

Question

★★★★★

#2 Using the data in the following table, , estimate the: a. Average return and volatility for each stock. b. Covariance between the stocks. c. Correlation between these two stocks. a. Estimate the...

Answered: 1 week ago

Question

★★★★★

Describe some steps you can take to minimize your risk of identi t y theft. 2 ) A well-known hacker started his own computer security consulting business shortly after being released from prison....

Answered: 1 week ago

Question

★★★★★

26. You are researching the effects of a stimulant drug on patients' attitudes. State a null and an alternative hypothesis for this study

Answered: 1 week ago

Question

★★★★★

When determining if an individual has a reasonable expectation of privacy regarding information stored on a computer the investigator should: seek approval of the software provider. attempt to gain...

Answered: 1 week ago

Question

★★★★★

1-Explain all types of cost used by the Colgate Palmolive Pakistan Limited company 2-Calculate the product price (Price= cost+profit +expenses) 3-Calculate Break Even Point (B.E.P) in term of units...

Answered: 1 week ago

Question

★★★★★

An industrial health nurse implements a safe shoe and boot program in a manufacturing organization. Which components are important elements when implementing this program? Select all that apply A-...

Answered: 1 week ago

Question

★★★★★

7. 26. f(x) 8. f(x) = -x; (-2, 0), (-2, 2) Find the average rate of change of y with respect to x (a) on the interval (1,3), (b) on the interval (3, 5). 27. f(x) 28. f(x 29. f(t) e of were YA 6 (3,6)...

Answered: 1 week ago

Previous Question Next Question