Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Problem 17.035: Calculate tax liability in yr2 An in-place machine with B $175,000 was depreciated by...
Problem 17.035: Calculate tax liability in yr2 I've looked at and attempted probably 20 solutions on...
Problem 17.035: Calculate tax liability in yr2
I've looked at and attempted probably 20 solutions on here, and
not one person has solved it. Please save me.
Problem 17.035: Calculate tax liability in yr2 An in-place machine with B= $105,000 was depreciated by using Modified Accelerated Cost Recovery System (MACRS) over a 3- year period. The machine was sold for $60,000 at the end of year 2 when the company decided to import the item that required the use of...
An in-place machine with B = $160,000 was depreciated by using Modified Accelerated Cost Recovery System...
An in-place machine with B = $160,000 was depreciated by using Modified Accelerated Cost Recovery System (MACRS) over a 3-year period. The machine was sold for $60,000 at the end of year 2 when the company decided to import the item that required the use of the machine. In year 2, gross income (GI) = $1 million and operating expenses (OE) = $500,000. Determine the tax liability in year 2 if Te = 35%. The tax liability in year 2...
Perform a present worth (PW)-based evaluation of the two alternatives below using a spreadsheet. The after-tax...
Perform a present worth (PW)-based evaluation of the two alternatives below using a spreadsheet. The after-tax minimum acceptable rate of return (MARR) is 8% per year, Modified Accelerated Cost Recovery System (MACRS) depreciation applies, and Te = 40%. The (GI-OE) estimate is made for the first 3 years; it is zero in year 4 when each asset is sold. Alternative X Y First Cost, $ -8,000 -13,000 Salvage Value, Year 4, $ 0 2,000 GI-OE, $ per Year 3,500 5,000...
Problem 9-15 Project Evaluation (LO2) Kinky Copies may buy a high-volume copier. The machine costs $50,000...
Problem 9-15 Project Evaluation (LO2) Kinky Copies may buy a high-volume copier. The machine costs $50,000 and will be depreciated straight-line over 5 years to a salvage value of $8,000. Kinky anticipates that the machine actually can be sold in 5 years for $16,000. The machine will save $8,000 a year in labor costs but will require an increase in working capital, mainly paper supplies, of $4,000. The firm's marginal tax rate is 35%, and the discount rate is 15%....
33. Wh at is the maximum tax deduction for the machine in 2017 (Year 6)? a....
33. Wh at is the maximum tax deduction for the machine in 2017 (Year 6)? a. $0, because the machine has a 5-year recovery period b. $576 c. $3,226 d. $6,451 On October 20 of the current year, a company with a December 31 year-end purchases a factory for $150,000, which includes $50,000 for the land. What is first-year depreciation for this asset under MACRS? 34. d, $2,461 a.$535 Which of the following is not subject to annual IRS depreciation...
bookeeping 33. What is the maximum tax deduction for the machine in 2023 (Year es a....
bookeeping
33. What is the maximum tax deduction for the machine in 2023 (Year es a. So, because the machine has a 5-year recovery period b. $576 c. $3,226 d. $6,451 34. On October 20 of the current vear, a company with a December 31 Year-end purchases a factory for $150,000, which includes $50.000 the land. What is first-year depreciation for this asset under MACRS? a. $535 b. $53,500 c. $111 d. $2,461 35. Which of the following is not...
Problem 3: Disposal of assets Gekko Laboratories had purchased some manufacturing equipment five years ago for...
Problem 3: Disposal of assets Gekko Laboratories had purchased some manufacturing equipment five years ago for a total cost of $3,000,000, and has been depreciating those assets using the MACRS rates (i.e., with a 7-year recovery period). Gekko is currently in the market for newer, more efficient equipment, and has already found a buyer, Fox Pharmaceuticals, who is willing to pay $500,000 for the old equipment. If Gekko Labs, which has an effective tax rate of 35%, disposes of the...
please help and show me how (all)each number was calculated in the TABLE according to problem...
please help and show me how (all)each number was
calculated in the TABLE according to problem given. (ex, how
pre-tax profit, profit after tax, operating cashflow is being
calculated?) if it too much, show as many as you can. thank you so
much in advance
From 1986 to the end of 2017, U.S. companies used a slight variation of the double-declining balance method, called Page 149 the modified accelerated cost recovery system (MACRS).8 But the 2017 Tax Cuts and Jobs...
Calculate the equivalent annual costs of (a) overhauling and operating the Maracas for 12 more years...
Calculate the equivalent annual costs of (a) overhauling and operating the Maracas for 12 more years (with and without the new engine and control system) and (b) buying and operating the proposed replacement vessel for 20 years. You should use the real discount rate for this analysis. Based on your answer, what should RNI do? Mini Case #1: Capital Budgeting at Rio Negro, Inc. Assignment Overview Rio Negro, Inc. (RNI) is in the business of transporting cargo between ports in...
PROBLEM 1 Calculate: a) aftertax cost of debt (Kd) b) cost of preferred stock (Kp) c)...
PROBLEM 1 Calculate: a) aftertax cost of debt (Kd) b) cost of preferred stock (Kp) c) cost of common equity in the form of retained earnings (Ke) Use the following information: - Bond Face Value = $1,000 - Bond coupon rate = 7%, bond pays interest annually - current bond price = $1,020 - time to maturity = 18 y - tax rate = 35% - price, preffered stock = $90 - dividend, preffered stock= $8.10 - price, common stock...
Problem 17.035: Calculate tax liability in yr2
I've looked at and attempted probably 20 solutions on here, and
not one person has solved it. Please save me.
Problem 17.035: Calculate tax liability in yr2 An in-place machine with B= $105,000 was depreciated by using Modified Accelerated Cost Recovery System (MACRS) over a 3- year period. The machine was sold for $60,000 at the end of year 2 when the company decided to import the item that required the use of...
Problem 9-15 Project Evaluation (LO2) Kinky Copies may buy a high-volume copier. The machine costs $50,000 and will be depreciated straight-line over 5 years to a salvage value of $8,000. Kinky anticipates that the machine actually can be sold in 5 years for $16,000. The machine will save $8,000 a year in labor costs but will require an increase in working capital, mainly paper supplies, of $4,000. The firm's marginal tax rate is 35%, and the discount rate is 15%....
33. Wh at is the maximum tax deduction for the machine in 2017 (Year 6)? a. $0, because the machine has a 5-year recovery period b. $576 c. $3,226 d. $6,451 On October 20 of the current year, a company with a December 31 year-end purchases a factory for $150,000, which includes $50,000 for the land. What is first-year depreciation for this asset under MACRS? 34. d, $2,461 a.$535 Which of the following is not subject to annual IRS depreciation...
bookeeping
33. What is the maximum tax deduction for the machine in 2023 (Year es a. So, because the machine has a 5-year recovery period b. $576 c. $3,226 d. $6,451 34. On October 20 of the current vear, a company with a December 31 Year-end purchases a factory for $150,000, which includes $50.000 the land. What is first-year depreciation for this asset under MACRS? a. $535 b. $53,500 c. $111 d. $2,461 35. Which of the following is not...
Problem 3: Disposal of assets Gekko Laboratories had purchased some manufacturing equipment five years ago for a total cost of $3,000,000, and has been depreciating those assets using the MACRS rates (i.e., with a 7-year recovery period). Gekko is currently in the market for newer, more efficient equipment, and has already found a buyer, Fox Pharmaceuticals, who is willing to pay $500,000 for the old equipment. If Gekko Labs, which has an effective tax rate of 35%, disposes of the...
please help and show me how (all)each number was
calculated in the TABLE according to problem given. (ex, how
pre-tax profit, profit after tax, operating cashflow is being
calculated?) if it too much, show as many as you can. thank you so
much in advance
From 1986 to the end of 2017, U.S. companies used a slight variation of the double-declining balance method, called Page 149 the modified accelerated cost recovery system (MACRS).8 But the 2017 Tax Cuts and Jobs...
Most questions answered within 3 hours.
-
1,1-dimethylcyclorohexane reacts with single bromine atom
asked 5 minutes ago -
The completed Lewis structure of CO2 contains a total
of 0,1,2,3,4,5,6,7,8 covalent bonds
and 0,1,2,3,4,5,6,7,8 lone pairs.
NOTE:...
asked 12 minutes ago -
A 0.0510 M solution of an organic acid has an
[H+] of 7.50×10-4M .
What is...
asked 9 minutes ago -
what is the profit-maximizing output condition that a
monopolistically competitive firm must satisfy? a) price charged...
asked 13 minutes ago -
Consider the set of ordered pairs shown below. Assuming that the
regression equation is y=3.513+0.429x and...
asked 35 minutes ago -
1. (A) Write two
structural (constitutional)
isomers of C4H8F2?
Please show all of
the
asked 37 minutes ago -
Objective: Practice converting a Boolean logic
expression into it’s truth table and to show the implementation...
asked 34 minutes ago -
1) Name the three holes located in the greater wing of the
sphenoid bone in order...
asked 37 minutes ago -
For the following reaction set-up, which type of hydrocarbon
product would form? 1,4-hexadiene + two Cl2...
asked 40 minutes ago -
Consider the following method that is intended to determine if
the double values d1 and d2...
asked 52 minutes ago -
could someone please post clear drawings of the three structures
in the equilibrium mixture of D-glucose...
asked 59 minutes ago -
Using the Properties of Order show that 5n5 +
4n4 + 6n3 + 2n2+ n +...
asked 1 hour ago