Homework Answers
A. $1,330,752
To find the BV at the end of four years, we need to find the accumulated depreciation for the first four years. Add the MACRS depreciation amounts for each of the first four years and multiply this percentage times the cost of the asset. We can then subtract this from the asset cost. Doing so, we get:
BV4 = $7,100,000 − $7,100,000(0.2000 + 0.3200 + 0.1920 + 0.1152)
BV4 = $1,226,880
Aftertax salvage value = $1,400,000 + ($1,226,880 – $1,400,000)(0.40)
Aftertax salvage value = $1,330,752
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An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for...
An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $7,100,000 and will be sold for $1,580,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Aftertax salvage value
An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for...
An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $7,100,000 and will be sold for $1,580,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Aftertax salvage value
An asset used in a four-year project falls in the five-year MACRS class for tax purposes....
An asset used in a four-year project falls in the five-year MACRS
class for tax purposes. The asset has an acquisition cost of
$6,190,000 and will be sold for $1,390,000 at the end of the
project. If the tax rate is 35 percent, what is the aftertax
salvage value of the asset?
Show work please!!!
An asset used in a four - year project falls in the five - year MACRS class for tax purposes. The asset has an acquisition...
An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for...
An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $7,400,000 and will be sold for $1,700,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset?
An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for...
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An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for tax purposes. The asset has a...
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An asset used in a four-year project falls in the five-year MACRS
class for tax purposes. The asset has an acquisition cost of
$6,190,000 and will be sold for $1,390,000 at the end of the
project. If the tax rate is 35 percent, what is the aftertax
salvage value of the asset?
Show work please!!!
An asset used in a four - year project falls in the five - year MACRS class for tax purposes. The asset has an acquisition...
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