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

Question

1 Approved Answer

The galaxy Corporation disposes a capital asset with an original cost of $230,000 and accumulated depreciation of $81,000 for $50,000. The company's tax rate is

image text in transcribed
The galaxy Corporation disposes a capital asset with an original cost of $230,000 and accumulated depreciation of $81,000 for $50,000. The company's tax rate is 40%. Calculate the after - tax cash inflow from the disposal of the capital asset. A. $89,600 B. $149.000 C. $39.600 D. ($39,600)

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

Management Systems Audit Risk Mitigation

Management Systems Audit Risk Mitigation

Authors: Mr Indulis L Svikis

1st Edition

B084DGQJJ5, 979-8607031909

More Books

Students also viewed these Accounting questions

Question

★★★★★
In an episode of the television show House, Dr. House pulled the patients tracheostomy tube and viewed into the pharynx to find evidence of a pseudomembrane. He then contacted the CDC to obtain the...

Answered: 1 week ago

Question

★★★★★
The company has invested $400 in stock and $600 in bonds. Stocks has a standard of 7%, while bonds have 10%. The correlation between stocks and bonds is 0.10. ) Calculate the portfolio VaR at 99%...

Answered: 1 week ago

Question

★★★★★
98. Consider the following ten observations on bearing lifetime (in hours): 152.7 172.0 172.5 173.3 193.0 204.7 216.5 234.9 262.6 422.6 Construct a normal probability plot and comment on the...

Answered: 1 week ago

Question

★★★★★
The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies complete annual reports, including the notes to the financial statements, are...

Answered: 1 week ago

Question

★★★★★
Responsibility accounting reports for profit centers will include a.revenues, expenses, net income or loss from operations b.revenues only c.costs only d.expenses and fixed assets

Answered: 1 week ago

Question

★★★★★
respond to the discussion post According to Ramasamy, S. (2011), the measurement of critical thinking disposition contains seven ideational non-discrete constructs that emphasize developing the...

Answered: 1 week ago

Question

★★★★★
If Quality Airline cuts its domestic fares by 20%, A) profit will increase by 20%. B) a profit can only be earned by decreasing the quantity of flights. profits can be maintained either by increasing...

Answered: 1 week ago

Question

★★★★★
You have an opportunity to invest in Australia at an interestrate of 0.070. Moreover, you expect the Australian dollar (A$) toappreciate by 0.020. Your effective return from this investmentis:

Answered: 1 week ago

Question

★★★★★
HR Management at InnovateTech Solutions InnovateTech Solutions is a dynamic and forward-thinking technology company, specialising in software development. It was first established in 2021 and has...

Answered: 1 week ago

Question

★★★★★
Which process requires intricate planning in terms of procurement policies and the manufacturing process? Six Sigma JIT Production TQM Value Analysis

Answered: 1 week ago

Question

★★★★★
The following condensed balance sheet is for the partnership of Ludolf, Sambal, and Urad, who share profits and losses in the ratio of 6:2:2, respectively: Cash Other assets $ 49,000 135,000...

Answered: 1 week ago

Question

★★★★★
Teamwork.With a partner read alternate sentences from the following paragraph aloud to each other. (Objective 2) ehT qaimtimg also qroved that, sa well sa being a great humter, Cro-Wagmom Nam saw a...

Answered: 1 week ago

Question

★★★★★
Global.Contact an international center at a university (visit, call, or send e-mail).Ask about a study abroad or work abroad program. Develop and present your findings to your class. (Objectives 4...

Answered: 1 week ago

Question

★★★★★
Technology. Global. India is a well-known location for offshore sites and outsourcing operations for large corporations. Using an encyclopedia, website URLs in this chapter, or other resources,...

Answered: 1 week ago

Previous Question Next Question