Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Project: 650,000 of which only 460,000 is depriciatable straight line over 10 years. After 7 years, you sell a machine that was part of that

Project: 650,000 of which only 460,000 is depriciatable straight line over 10 years.

After 7 years, you sell a machine that was part of that deprecaible asset group for 40k.

At the time of sell, the machine had 15k book value. With a 21% tax, what is the result?

Savings or Bill and how much?

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_2

Step: 3

blur-text-image_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

Public Finance In Canada

Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon

3rd Canadian Edition

0070951659, 978-0070951655

More Books

Students also viewed these Finance questions

Question

=+a) Comparing the ratings of a new telephone set on a

Answered: 1 week ago

Question

Aware of the role of HRM in multinational corporations.

Answered: 1 week ago