FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 Akerfeldt Industries sold a piece of equipment for $69,454. The book value of the equipment is $74,199. If Akerfeldt's marginal tax rate is

image text in transcribed
Question 6 Akerfeldt Industries sold a piece of equipment for $69,454. The book value of the equipment is $74,199. If Akerfeldt's marginal tax rate is 28 percent, what will be the after-tax cash flow (i.e., after-tax salvage value) of this sale? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR (example: 18630). Next Previous

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

American Public School Finance

American Public School Finance

Authors: William A. Owings, Leslie S. Kaplan

1st Edition

0495807834, 9780495807834

More Books

Students also viewed these Finance questions

Question

a. An admission tax on tickets to sporting events at public stadiums.

Answered: 1 week ago

Question

★★★★★
William Evans began Evans Distributors, a sporting goods distribution company, in January 2016, and engaged in the transactions below. Assume Evans Distributors and its customers take advantage of...

Answered: 1 week ago

Question

★★★★★
We are evaluating a project that costs $724,000, has a life of fifteen years, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are...

Answered: 1 week ago

Question

★★★★★
Why might a business insure a small, regularly recurring risk even when that business has sufficient cash flows to cover these losses?

Answered: 1 week ago

Question

★★★★★
You are risk neutral and the risk free rate is 10%. There is no bid-ask spread or trading fee when investing at the risk free rate. Stock A: Expected price at t = 3 is $200. There is no bid-ask...

Answered: 1 week ago

Question

★★★★★
Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
Required: This case study requires the preparation of an investment portfolio proposal document to be provided to the client, which should include the following information: A brief and informative...

Answered: 1 week ago

Question

★★★★★
Use the information provided below to calculate the overhead costs per unit for each product using activity based costing. INFORMATION Remax Inc produces two products viz. A and B. The same equipment...

Answered: 1 week ago

Question

★★★★★
Question 4 (15 marks). Provided is the information on admission and training expense for the last four quarters of the year. Determine the standard error of estimate. (15 marks) Training Expense...

Answered: 1 week ago

Question

★★★★★
4. If an economy has fully flexible prices and demand unexpectedly increases, you would expect that the economys real GDP would tend to: LO26.4 a. Increase. b. Decrease. c. Remain the same.

Answered: 1 week ago

Question

★★★★★
8. Are all prices in the economy equally inflexible? Which ones show large amounts of short-run flexibility? Which ones show a great deal of inflexibility even over months and years? LO26.5

Answered: 1 week ago

Question

★★★★★
5. If the demand for a firms output unexpectedly decreases, you would expect that its inventory would: LO26.4 a. Increase. b. Decrease. c. Remain the same. d. Increase or remain the same, depending...

Answered: 1 week ago

Previous Question Next Question