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Three-year property class type equipment bought for $30,000 is being disposed of $20,000 at the end...
Hello, I need help with the following question: I5 points) Three-year property class type equipment bought...
Hello, I need help with the following question:
I5 points) Three-year property class type equipment bought for $30,000 is being disposed of $20,000 at the end of three years. The company is at a 34% tax bracket. Compute the tax consequence, if any for this equipment. Show your work including the depreciation, book value, amount of gains and tax calculation. 7
An equipment purchased at a cost $80,000 by a local company is being depreciated using MACRS...
An equipment purchased at a cost $80,000 by a local company is being depreciated using MACRS method as a 5-year property. At the end of four years, the management decided to sell the equipment for a modest price of $20,000. The company is in the 34% tax bracket. Compute the tax consequence on the sale of this equipment. A. $6,800 B. $926.40 C. $533.12 D. None of these
Equipment costing $20,000 that is a MACRS 5-year property is disposed of during the second year...
Equipment costing $20,000 that is a MACRS 5-year property is disposed of during the second year for $15,000. Calculate any depreciation recapture, ordinary losses, or capital gains associated with disposal of the equipment.
Project Management 2. Equipment costing $20,000 that is a MACRS 3-year property is disposed of during the second ye...
Project Management
2. Equipment costing $20,000 that is a MACRS 3-year property is disposed of during the second year for $12,000. Calculate any depreciation recapture, ordinary losses, or capital gains associated with disposal of the equipment
Question 2 0 out of 10 points An equipment purchased at a cost $80,000 by a...
Question 2 0 out of 10 points An equipment purchased at a cost $80,000 by a local company is being depreciated using MACRS method as a 5-year property. At the end of four years, the management decided to sell the equipment for a modest price of $20,000. The company is in the 34% tax bracket. Compute the tax consequence on the sale of this equipment. Selected Answer: D. None of these Answers: A. $6,800 B. $926.40 C. $533.12 D. None...
Question 2 0 out of 10 points An equipment purchased at a cost $80,000 by a...
Question 2 0 out of 10 points An equipment purchased at a cost $80,000 by a local company is being depreciated using MACRS method as a 5-year property. At the end of four years, the management decided to sell the equipment for a modest price of $20,000. The company is in the 34% tax bracket. Compute the tax consequence on the sale of this equipment. Selected Answer: D. None of these Answers: A. $6,800 B. $926.40 C. $533.12 D. None...
Chapter 11 3. Equipment bought at cost of $25,000 is being considered for depreciation accounting using...
Chapter 11 3. Equipment bought at cost of $25,000 is being considered for depreciation accounting using either the SOYD (sum-of-years-digit method) or SL (straight-line) method. If this asset will be depreciated over a period of 5 years with a salvage value of $5,000, determine the percentage increase in depreciation charges in year 2 for the SOYD method over the SL method. A. 10% B. 33% C. 0% D. -33.33% 4. Given: Initial cost, B = $120,000 Salvage value, S =...
First cost of equipment = $150,000 Market value at the end of year 6 = $30,000 MACRS depreciation is used. The equipmen...
First cost of equipment = $150,000 Market value at the end of year 6 = $30,000 MACRS depreciation is used. The equipment is a 5-year property. Incremental income-tax rate for the company = 35% 4 Year 10 BT-CF in $ -150K O&M Expenses 1 60K 10K 2 63K 13K 3 66K 16K 5 172K 22K 75K 25K 19K Reference: Case Study 12 The first-year after tax-cash flow is
the answer is no $43,000 First cost of equipment = $150,000 Market value at the end of year 6 = $30,000 MACRS depreciati...
the answer is no $43,000
First cost of equipment = $150,000 Market value at the end of year 6 = $30,000 MACRS depreciation is used. The equipment is a 5-year property. Incremental income-tax rate for the company = 35% 4 Year 10 BT-CF in $ -150K O&M Expenses 1 60K 10K 2 63K 13K 3 66K 16K 5 172K 22K 75K 25K 19K Reference: Case Study 12 The first-year after tax-cash flow is
#1. Vista Corp. bought a piece of new equipment at the beginning of the year at...
#1. Vista Corp. bought a piece of new equipment at the beginning of the year at a cost of $32,500. The equipment’s estimated useful life is 4 years and the residual value is $2,500. The estimated production that is expected from the equipment over its useful life is 100,000 units. Expected annual production is: Year 1 30,000 units Year 2 40,000 units Year 3 20,000 units Year 4 10,000 units a.) Use the Units of Production depreciation method to compute...
Hello, I need help with the following question:
I5 points) Three-year property class type equipment bought for $30,000 is being disposed of $20,000 at the end of three years. The company is at a 34% tax bracket. Compute the tax consequence, if any for this equipment. Show your work including the depreciation, book value, amount of gains and tax calculation. 7
Project Management
2. Equipment costing $20,000 that is a MACRS 3-year property is disposed of during the second year for $12,000. Calculate any depreciation recapture, ordinary losses, or capital gains associated with disposal of the equipment
Question 2 0 out of 10 points An equipment purchased at a cost $80,000 by a local company is being depreciated using MACRS method as a 5-year property. At the end of four years, the management decided to sell the equipment for a modest price of $20,000. The company is in the 34% tax bracket. Compute the tax consequence on the sale of this equipment. Selected Answer: D. None of these Answers: A. $6,800 B. $926.40 C. $533.12 D. None...
Question 2 0 out of 10 points An equipment purchased at a cost $80,000 by a local company is being depreciated using MACRS method as a 5-year property. At the end of four years, the management decided to sell the equipment for a modest price of $20,000. The company is in the 34% tax bracket. Compute the tax consequence on the sale of this equipment. Selected Answer: D. None of these Answers: A. $6,800 B. $926.40 C. $533.12 D. None...
Chapter 11 3. Equipment bought at cost of $25,000 is being considered for depreciation accounting using either the SOYD (sum-of-years-digit method) or SL (straight-line) method. If this asset will be depreciated over a period of 5 years with a salvage value of $5,000, determine the percentage increase in depreciation charges in year 2 for the SOYD method over the SL method. A. 10% B. 33% C. 0% D. -33.33% 4. Given: Initial cost, B = $120,000 Salvage value, S =...
First cost of equipment = $150,000 Market value at the end of year 6 = $30,000 MACRS depreciation is used. The equipment is a 5-year property. Incremental income-tax rate for the company = 35% 4 Year 10 BT-CF in $ -150K O&M Expenses 1 60K 10K 2 63K 13K 3 66K 16K 5 172K 22K 75K 25K 19K Reference: Case Study 12 The first-year after tax-cash flow is
the answer is no $43,000
First cost of equipment = $150,000 Market value at the end of year 6 = $30,000 MACRS depreciation is used. The equipment is a 5-year property. Incremental income-tax rate for the company = 35% 4 Year 10 BT-CF in $ -150K O&M Expenses 1 60K 10K 2 63K 13K 3 66K 16K 5 172K 22K 75K 25K 19K Reference: Case Study 12 The first-year after tax-cash flow is
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