Question
Sell an asset for $1,000 that has a book value of $1,200. Buy $2,000 of fixed assets and add $300. of Net Working Capital. The
Sell an asset for $1,000 that has a book value of $1,200. Buy $2,000 of fixed assets and add $300. of Net Working Capital. The tax rate is 30% The ICO is:
| A. | $1,240. | |
| B. | $1,360. | |
| C. | $640. | |
| D. | $760. |
Under MACRS depreciation occurs:
| A. | Over the depreciable life minus one year | |
| B. | Over the depreciable life | |
| C. | All in the first year of the depreciable life. | |
| D. | Over the depreciable life plus one year. |
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Finance Theory And Practice
Authors: Anne Marie Ward
3rd Edition
1908199482, 978-1908199485
