A company sold they bull-doser for $45,000. The machine was listed on the books for $20,736...
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company sold they bull-doser for $45,000. The machine was listed on
the books for $20,736...
4. The daily amount of red bull, in liters, dispensed by a machine is a random...
4. The daily amount of red bull, in liters, dispensed by a machine is a random variable X having a continuous uniform distribution with 4< x< 8. Find the probability that on a given day the amount of red bull dispensed by this machine will be. More than 7 liters or less than 5 liters More than 6.4 liters What is the average daily amount of red bull in liters dispensed by this machine
21 points. Yws Corporation purchased a machine two years ago for $210,000. The machine falls into...
21 points. Yws Corporation purchased a machine two years ago for $210,000. The machine falls into the MACRS 3-year class (The applicable depreciation rates are 33%, 45%, 15% and 7% as discussed in Appendix 12A). YWS marginal tax rate is 30 percent. Today YWS received an offer to sell the machine for $45,000. If sold, find the equipment's after-tax salvage value (aka net proceeds).
Arnold Company is acquiring a new machine with a life of 5 years for use on...
Arnold Company is acquiring a new machine with a life of 5 years for use on its production line. The following data relate to this purchase: The new machine would replace an old fully-amortized machine. The old machine can be sold for $15,000 at the time the new equipment is acquired. The income tax rate is 30%, and the discount rate is 12%. Arnold uses the straight-line method for amortization on all machines (ignore the half-year convention). Note: some amounts...
1. A company is deciding whether or not to buy a machine. The machine costs $45,000...
1. A company is deciding whether or not to buy a machine. The machine costs $45,000 and is expected to generate net cash flow for the business as follows: Year 1 $12,000 Year 2 $18,000 Year 3 $26,000 The company’s applicable interest rate is 12% on the machine That is, the company will only invest in the machine if the cash flow it receives generates a return of 12% or more. (In practice this rate is often based on the...
Oaktree Company purchased new equipment and made the following expenditures: Purchase Price $45,000 Sales Tax $2,200...
Oaktree Company purchased new equipment and made the following expenditures: Purchase Price $45,000 Sales Tax $2,200 Freigh Charges for shipment of machine $700 Insurance on machine for 1st yr $900 Installation of machine $1,000 The Equipment, including sales tax, was purchase on open account, with payment due in 30 days. The other expenditures listed above were paid in cash. REQUIRED: Prepare the necessary journal entries to record the aboce expenditures.
Marshall-Miller & Company is considering the purchase of a new machine for $50,000, installed. The machine...
Marshall-Miller & Company is considering the purchase of a
new machine for $50,000, installed. The machine has a tax life of 5
years, and it can be depredated according to the depreciation rates
below. The firm expects to operate the machine for 3 years and then
to sell it for $12,500. If the marginal tax rate is 40%, what will
the after-tax salvage value be when the machine is sold at the end
of Year 3?
Problem 6 Marshall-Miller &...
ABC Company is considering the purchase of a new machine for $80,000 installed. The machine will...
ABC Company is considering the purchase of a new machine for $80,000 installed. The machine will be depreciated by MACRS as 5 year property. The firm expects to operate the machine for 4 years and then to sell it for $11,750. If the marginal tax rate is 25.00%, what will the after–tax salvage value be when the machine is sold at the end of Year 4? Enter your answer rounded to two decimal places.
An asset with a book value of $80,000 is now being sold for $45,000. If the...
An asset with a book value of $80,000 is now being sold for $45,000. If the tax rate is 40%, what are the net proceeds from selling this asset?
Arnold Company is acquiring a new machine with a life of 5 years for use on...
Arnold Company is acquiring a new machine with a life of 5 years
for use on its production line. The following data relate to this
purchase:
Testbank Question 51 Arnold Company is acquiring a new machine with a life of 5 years for use on its production line. The following data relate to this purchase: Cost of new machine Annual cost savings in cash expenses Terminal value Maintenance required in the 4th year Book value of the old machine $100,000...
Stein Books Inc. sold 2,000 finance textbooks for $210 each to High Tuition University in 20X1....
Stein Books Inc. sold 2,000 finance textbooks for $210 each to High Tuition University in 20X1. These books cost $180 to produce. Stein Books spent $12,900 (selling expense) to convince the university to buy its books. Depreciation expense for the year was $15,800. In addition, Stein Books borrowed $102,000 on January 1, 20X1, on which the company paid 16 percent interest. Both the interest and principal of the loan were paid on December 31, 20X1. The publishing firm’s tax rate...
21 points. Yws Corporation purchased a machine two years ago for $210,000. The machine falls into the MACRS 3-year class (The applicable depreciation rates are 33%, 45%, 15% and 7% as discussed in Appendix 12A). YWS marginal tax rate is 30 percent. Today YWS received an offer to sell the machine for $45,000. If sold, find the equipment's after-tax salvage value (aka net proceeds).
Marshall-Miller & Company is considering the purchase of a
new machine for $50,000, installed. The machine has a tax life of 5
years, and it can be depredated according to the depreciation rates
below. The firm expects to operate the machine for 3 years and then
to sell it for $12,500. If the marginal tax rate is 40%, what will
the after-tax salvage value be when the machine is sold at the end
of Year 3?
Problem 6 Marshall-Miller &...
Arnold Company is acquiring a new machine with a life of 5 years
for use on its production line. The following data relate to this
purchase:
Testbank Question 51 Arnold Company is acquiring a new machine with a life of 5 years for use on its production line. The following data relate to this purchase: Cost of new machine Annual cost savings in cash expenses Terminal value Maintenance required in the 4th year Book value of the old machine $100,000...
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