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2. A company using straight-line depreciation purchases an asset for $6,000 and is depreciating this asset...
An asset costs $100,000 and is depreciated straight-line to zero over its 4 year life. The...
An asset costs $100,000 and is depreciated straight-line to zero over its 4 year life. The asset will be used for a three-year project and after 3 years it will be sold for $30,000. If the tax rate is 35%, what is the after-tax cash flow from the sale of the asset? $28,750 $15,250 $34,750 $30,000
A company used straight-line depreciation for an item of equipment that cost $13,550, had a salvage...
A company used straight-line depreciation for an item of equipment that cost $13,550, had a salvage value of $2,600 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,355 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life:
Consider an asset that costs $700,000 and is depreciated straight-line to zero over its 9- year...
Consider an asset that costs $700,000 and is depreciated straight-line to zero over its 9- year tax life. The asset is to be used in a 6-year project, at the end of the project, the asset can be sold for $183,000. What is the book value of the equipment at the end of the 6 years? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Book value If the relevant tax rate is...
A company used straight-line depreciation for an item of equipment that cost $18,250, had a salvage...
A company used straight-line depreciation for an item of equipment that cost $18,250, had a salvage value of $4,600 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,825 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life Multiple Choice $1,365. $4140 $4,600 $7008. $3,200.
A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2,000 and...
A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2,000 and a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,200 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life: $2,000 $5,400 $1,000 $1,800 $2,400
Straight-Line Depreciation Rates Convert each of the following estimates of useful life to a straight-line depreciation...
Straight-Line Depreciation Rates Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. If required, round your answers to two decimal places. Years Percentage 4 years 8 years 10 years 16 years 25 years 40 years 50 years...
Consider an asset that costs $710,000 and is depreciated straight-line to zero over its nine-year tax...
Consider an asset that costs $710,000 and is depreciated straight-line to zero over its nine-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $155,000. If the relevant tax rate is 25 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations.) Aftertax salvage value nices 1 3 4 5 6 7 Consider an asset that costs...
Consider an asset that costs $660,000 and is depreciated straight-line to zero over its eight-year tax...
Consider an asset that costs $660,000 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $135,000. If the relevant tax rate is 25 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations.) My Work: 1. depreciation expense per year: 660,000/8 = $82,500 2. value after 5 years:...
Consider an asset that costs $705,000 and is depreciated straight-line to zero over its 9-year tax life. The asset is to...
Consider an asset that costs $705,000 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $189,000. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset?
A company used straight-line depreciation for an item of equipment that cost $11,000, had a salvage...
A company used straight-line depreciation for an item of equipment that cost $11,000, had a salvage value of $1,700, and had a 6-year useful life. After depreciating the asset for 4 complete years, the salvage value was reduced to $1,100 and its total useful life was increased from 6 years to 9 years. Determine the amount of depreciation to be charged against the machine during each of the remaining years of its useful life (round depreciation per year to a...
An asset costs $100,000 and is depreciated straight-line to zero over its 4 year life. The asset will be used for a three-year project and after 3 years it will be sold for $30,000. If the tax rate is 35%, what is the after-tax cash flow from the sale of the asset? $28,750 $15,250 $34,750 $30,000
Consider an asset that costs $700,000 and is depreciated straight-line to zero over its 9- year tax life. The asset is to be used in a 6-year project, at the end of the project, the asset can be sold for $183,000. What is the book value of the equipment at the end of the 6 years? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Book value If the relevant tax rate is...
A company used straight-line depreciation for an item of equipment that cost $18,250, had a salvage value of $4,600 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,825 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life Multiple Choice $1,365. $4140 $4,600 $7008. $3,200.
Straight-Line Depreciation Rates Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. If required, round your answers to two decimal places. Years Percentage 4 years 8 years 10 years 16 years 25 years 40 years 50 years...
Consider an asset that costs $710,000 and is depreciated straight-line to zero over its nine-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $155,000. If the relevant tax rate is 25 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations.) Aftertax salvage value nices 1 3 4 5 6 7 Consider an asset that costs...
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