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Have number #3 answered. confused on #4.
3. Asphalt Pavers, Inc., purchases a loader to use...
A contractor has purchased a wheel loader for $115,000 and plans to use it 2,000 hours...
A contractor has purchased a wheel loader for $115,000 and plans to use it 2,000 hours per year. The cost of one set of tires is $25,000. At this usage rate, the contractor anticipates disposing of the loader after using it for 10 years and realizing a salvage value of $35,000. The flywheel horsepower rating of the loader’s diesel engine is 105 horsepower. The interest rate is 10%. The loader operator will earn $34.00 per hour including fringe benefits, and...
A contractor has purchased a wheel loader for $115,000 and plans to use it 2,000 hours...
A contractor has purchased a wheel loader for $115,000 and plans to use it 2,000 hours per year. The cost of one set of tires is $25,000. At this usage rate, the contractor anticipates disposing of the loader after using it for 10 years and realizing a salvage value of $35,000. The flywheel horsepower rating of the loader’s diesel engine is 105 horsepower. The interest rate is 10%. The loader operator will earn $34.00 per hour including fringe benefits, and...
3 Check my work 2 ! Required information Part 1 of 2 Use the following information for the Exercises below. [The follow...
3 Check my work 2 ! Required information Part 1 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below] 1.66 polnts Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units...
HINT: For P9-3 (b), prepare a depreciation schedule for each method. P9-3A Mazlin Limited purchased a...
HINT: For P9-3 (b), prepare a depreciation schedule for each method. P9-3A Mazlin Limited purchased a machine on account on April 2, 2018, at an invoice price of $360,000. On April 4, it paid $2,000 for delivery of the machine. A one-year, $4,000 insurance policy on the machine was purchased on April 5. On April 18, Mazlin paid $8,000 for installation and testing of the machine. The machine was ready for use on April 30. Mazlin estimates the machine's useful...
3. Company A purchases $200,000 of equipment in year 0. It decides to use straight-line depreciation...
3. Company A purchases $200,000 of equipment in year 0. It decides to use straight-line depreciation over the expected 20 yr life of the equipment. The interest rate is 16%. If its overall tax rate is 40%, what is the present worth of the after-tax depreciation recovery? $23,115 B. $23,315 C. $23,515 D. $23,715 A. 4 A. plan A B. Plan B C. Plan C D. Plan A or B 5. A machine costs $10,000 and can be depreciated over...
answer questions Previous Page Next Page Page 3 Question 4 (6 points) Eastern Inc. purchases a machine for $70,000....
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Previous Page Next Page Page 3 Question 4 (6 points) Eastern Inc. purchases a machine for $70,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed depreciation percentages as follows: year 1 = 20.00%; year 2 = 32.00%; year 3 = 19.20%; year 4 = 11.52%. The firm has a tax rate of 40%. If the machine is sold at the end of two years for $50,000, what is the cash flow from disposal(termination...
On January 2, 2015, Athol Company bought a machine for use in operations. The machine has...
On January 2, 2015, Athol Company bought a machine for use in operations. The machine has an estimated useful life of eight years and an estimated residual value of $800. The company provided the following information: a. Invoice price of the machine, $55,400. b. Freight paid by the vendor per sales agreement, $830. c. Installation costs, $1,730 cash. d. Cost of cleaning up the supplies, boxes, and other garbage that remained after the installation of the machine, $100 cash. e....
please answer number 3. question 1 and 2 have been answered Planning for Growth at S&S...
please answer number 3. question 1 and 2 have been
answered
Planning for Growth at S&S Air After Chris completed the ratio analysis for S&S Air (see Chap ter 3. Mark and Todd approached him about planning for next year's sales. The company had historically used lime planning for investment needs. As a result, the company experienced some challenging times because of cash flow problems. The lack of planning resulted in missed sales, as well as periods when Mark and...
On January 2, 2015, Athol Company bought a machine for use in operations. The machine has...
On January 2, 2015, Athol Company bought a machine for use in operations. The machine has an estimated useful life of eight years and an estimated residual value of $1,000. The company provided the following information: a. Invoice price of the machine, $58,560. b. Freight paid by the vendor per sales agreement, $840. c. Installation costs, $1,760 cash. d. Cost of cleaning up the supplies, boxes, and other garbage that remained after the installation of the machine, $110 cash. e....
Questions are below. Only answer problems #5 - #9. I have already answered problems #1-4, my...
Questions are below. Only answer problems #5 - #9.
I have already answered problems #1-4, my data is below.
Problems #5-#9 are listed in order below.
Please help, Ive submitted this question 4x and recieved no
help. I will rate! Thank you
Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling...
3 Check my work 2 ! Required information Part 1 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below] 1.66 polnts Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units...
HINT: For P9-3 (b), prepare a depreciation schedule for each method. P9-3A Mazlin Limited purchased a machine on account on April 2, 2018, at an invoice price of $360,000. On April 4, it paid $2,000 for delivery of the machine. A one-year, $4,000 insurance policy on the machine was purchased on April 5. On April 18, Mazlin paid $8,000 for installation and testing of the machine. The machine was ready for use on April 30. Mazlin estimates the machine's useful...
3. Company A purchases $200,000 of equipment in year 0. It decides to use straight-line depreciation over the expected 20 yr life of the equipment. The interest rate is 16%. If its overall tax rate is 40%, what is the present worth of the after-tax depreciation recovery? $23,115 B. $23,315 C. $23,515 D. $23,715 A. 4 A. plan A B. Plan B C. Plan C D. Plan A or B 5. A machine costs $10,000 and can be depreciated over...
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Previous Page Next Page Page 3 Question 4 (6 points) Eastern Inc. purchases a machine for $70,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed depreciation percentages as follows: year 1 = 20.00%; year 2 = 32.00%; year 3 = 19.20%; year 4 = 11.52%. The firm has a tax rate of 40%. If the machine is sold at the end of two years for $50,000, what is the cash flow from disposal(termination...
please answer number 3. question 1 and 2 have been
answered
Planning for Growth at S&S Air After Chris completed the ratio analysis for S&S Air (see Chap ter 3. Mark and Todd approached him about planning for next year's sales. The company had historically used lime planning for investment needs. As a result, the company experienced some challenging times because of cash flow problems. The lack of planning resulted in missed sales, as well as periods when Mark and...
Questions are below. Only answer problems #5 - #9.
I have already answered problems #1-4, my data is below.
Problems #5-#9 are listed in order below.
Please help, Ive submitted this question 4x and recieved no
help. I will rate! Thank you
Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling...
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