Homework Answers
Written down value after 4 years = 94,000*(100-14.29-24.49-17.49-12.49)%
= $29,365.6
a.Selling price = $36,000
Gain on Sale = $6,634.4
Tax = $2,322.04
After tax cash flow = 36,000 – 2,322.04
= $33,677.96
b.Price = $29,365.60
Gain on Sale = 0
Tax = 0
After tax cash flow = $29,365.60
c.Selling price = $20,000
Loss on Sale = $9,365.5
Tax savings = $3,277.96
After tax cash flow = $23,277.96
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6. Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $94,000. It...
Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $94,000. It...
Cost recovery.
Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer
for $94,000. It is classified in the property class category of a
single-purpose agricultural and horticultural structure. Then the
company sold the tree trimmer after four years of service. If a
seven-year life and MACRS,
, was used for the depreciation schedule, what is the
after-tax cash flow from the sale of the trimmer (use a 40%tax
rate) if
a. the sales price was $30,000?
b. the...
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P10-10 (similar to) Question Help Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree...
P10-10 (similar to) Question Help Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $87,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, . was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales...
Richardes' Tree Farm, Inc. purchased a new aerial tree trimmer for $82,000. It is classified in...
Richardes' Tree Farm, Inc. purchased a new aerial tree trimmer for
$82,000. It is classified in the property class category of a
single – purpose agriculture and horticultural structure. then the
company sold the tree trimmer after four years of service. If the
seven your life and MARCS, was used for the depreciation schedule,
what is the after-tax cash flow from the sale of the trimmer (use a
35% tax rate) if
a. the sales price was $36,000?
b. the...
5. Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $85,000. C...
5. Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $85,000. Calculate the depreciation schedule using a seven-year life (for the property class category of a single-purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS,!. Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? Using a seven-year...
Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $82,000. It is...
Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $82,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, EE, was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales price was $32,000? b. the...
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Depreciation cxpcnsc. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $90,000. Calculate the depreciation schedule using a seven year life (for the property class category of a single purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS, EE. Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? Using...
Cost recovery.
Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer
for $94,000. It is classified in the property class category of a
single-purpose agricultural and horticultural structure. Then the
company sold the tree trimmer after four years of service. If a
seven-year life and MACRS,
, was used for the depreciation schedule, what is the
after-tax cash flow from the sale of the trimmer (use a 40%tax
rate) if
a. the sales price was $30,000?
b. the...
P10-10 (similar to) Question Help Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $87,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, , was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales...
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Richardes' Tree Farm, Inc. purchased a new aerial tree trimmer for
$82,000. It is classified in the property class category of a
single – purpose agriculture and horticultural structure. then the
company sold the tree trimmer after four years of service. If the
seven your life and MARCS, was used for the depreciation schedule,
what is the after-tax cash flow from the sale of the trimmer (use a
35% tax rate) if
a. the sales price was $36,000?
b. the...
5. Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $85,000. Calculate the depreciation schedule using a seven-year life (for the property class category of a single-purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS,!. Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? Using a seven-year...
Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $82,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, EE, was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales price was $32,000? b. the...
Depreciation expense. Richardses' Tree Farm, Inc has just purchased a new aerial tree trimmer for $90.000 Calculate the depreciation schedule using a seven-year life (for the property class category of a single-purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS, ES Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? Using a seven-year...
Depreciation cxpcnsc. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $90,000. Calculate the depreciation schedule using a seven year life (for the property class category of a single purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS, EE. Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? Using...
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