Homework Answers
a:
| 32471.52 |
b:
| 27178.80 |
c:
| 23471.52 |
Workings:
| Purchase price | 87000 | |
| Less: Depreciation | ||
| Year 1 | 12432.30 | |
| Year 2 | 21306.30 | |
| Year 3 | 15216.30 | |
| Year 4 | 10866.30 | 59821.20 |
| Book value | 27178.80 |
| a | Selling price | 36000 | b | Selling price | 27178.8 | c | Selling price | 21000 | |
| Book value | 27178.80 | Book value | 27178.80 | Book value | 27178.80 | ||||
| Gain/Loss | 8821.20 | Gain/Loss | 0.00 | Gain/Loss | -6178.80 | ||||
| Tax on above | 3528.48 | Tax on above | 0 | Tax on above | -2471.52 | ||||
| Net Cash flow | 32471.52 | Net Cash flow | 27178.80 | Net Cash flow | 23471.52 |
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