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

Question

1 Approved Answer

Your company bought a fork lift for $70,000. It was being depreciated straight line to $0 over 5 years for tax purposes. After three years

Your company bought a fork lift for $70,000. It was being depreciated straight line to $0 over 5 years for tax purposes. After three years of use the fork lift was sold for $50,000. If your company has a 35% marginal tax rate, what was the after-tax salvage value?

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

Financial Management For Nurse Managers And Executives

Financial Management For Nurse Managers And Executives

Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner, Jason Mose

5th Edition

0323415164, 9780323415163

More Books

Students also viewed these Finance questions

Question

★★★★★
While passing a slower car on the highway, you accelerate uniformly from 17.4 m/s to 27.3 m/s in a time of 10.0 s. (a) How far do you travel during this time? (b) What is your acceleration magnitude?

Answered: 1 week ago

Question

★★★★★
You have been hired by a defendant who is being sued by a business that is claiming that the defendant interfered with plaintiffs construction of a planned new tourist attraction. The plaintiff had...

Answered: 1 week ago

Question

★★★★★
Consider the three-step sequential model of common factors. In your opinion, would men and women tend to move through the sequence identically? What steps might each group tend to emphasize or...

Answered: 1 week ago

Question

★★★★★
1. From a management perspective, why did the company allow the initial childish behavior (coffee on the seat, spit on the steering wheel, etc.) to escalate into employee confrontation. 2. When does...

Answered: 1 week ago

Question

★★★★★
Braam Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 11,500 hours. At the end of the year, actual direct...

Answered: 1 week ago

Question

★★★★★
Interest rate is 12% and tax savings (1-0.40) then after-tax component cost of debt will be 7.2% 7.2 times 17.14 times US $17.14

Answered: 1 week ago

Question

★★★★★
(i) (ii) (iii) Delphine & Co. is a law firm which had been operating for the past 20 years. The firm has over 200 active clients, mainly commercial organisations, and the clientele is still growing....

Answered: 1 week ago

Question

★★★★★
Share which technologies (e-learning, simulation, virtual reality, podcasts, etc.) most appeal to you. Explain why they appeal to you.

Answered: 1 week ago

Question

★★★★★
Imagine your boss wants to engage you to do extra work for the next few weeks on a special project of hers but she doesn't have additional budget to pay you. What kind of recognition or non-monetary...

Answered: 1 week ago

Question

★★★★★
A hotel find out that a famous hollywood celebrity will be staying for a vew days. security for the celebrity informs the hotel that there is a mentally unstable man who is stalkinh her and they are...

Answered: 1 week ago

Question

★★★★★
Determine the most likely bases for differentiated product or service offerings of Brookdale University Hospital Medical Center

Answered: 1 week ago

Question

★★★★★
What does this public think about this issue?

Answered: 1 week ago

Question

★★★★★
What benefits can you offer this public?

Answered: 1 week ago

Question

★★★★★
How free does this public see itself to act on this issue?

Answered: 1 week ago

Previous Question Next Question