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Please solve using finance calculator
16. A property is sold for $5,100,000. The mortgage balance at...
a property is sold for $6,000,000 with selling costs of 5% of the sales price. The...
a property is sold for $6,000,000 with selling costs of 5% of the sales price. The mortgage balance at the time of sale is $3,000,000. The property was purchased 5 years ago for $4,820,000. Accumulated depreciation allowances of $765,080 have been taken. A) what is the taxable gain on the sale of this property? B) if the capital gains tax rate is 15% what is the tax on the sale? C) what is the after-tax cash flow from sale of...
Can you please solve this and show the steps Im using a financial calculator, so please...
Can you please solve this and show the steps
Im using a financial calculator, so please list the inputs.
2. Mr. and Mrs. Spirit purchased a $35,000 house 20 years ago. They took a 30-year mortgage for $30,000 at a 3% annual interest rate. Their bank, the First Amityville National Bank, has recently offered the Spirits two alternatives by which they could prepay their mortgage. The Spirits have just made their 20th annual payment. [A] Under the first alternative, the...
Answer parts a through e using a Financial Calculator and display all work: You are an...
Answer parts a through e using a Financial Calculator and display all work: You are an employee of University Consultants, Ltd. and have been given the following assignment. You are to present an investment analysis of a small income-producing office property for sale to a potential investor. The asking price for the property is $1,250,000; rents are estimated at $200,000 during the first year and are expected to grow at 3 percent per year thereafter. Vacancies and collection losses are...
The asking price for the property is $1,000,000; rents are estimated at $200,000 during the first...
The asking price for the property is $1,000,000; rents are estimated at $200,000 during the first year and are expected to grow at 5% per year. Vacancies and collection losses are expected to be 10% of rents. Operating expenses will be 35% of effective gross income. Capital expenditures will be 5% of effective gross income. A 30-year fixed rate loan fro 70 percent of the purchase price can be obtained at 10% interest rate. The property is expected to appreciate...
Ken sold a rental property for $860,000. He received $128,000 in the current year and $183,000...
Ken sold a rental property for $860,000. He received $128,000 in the current year and $183,000 each year for the next four years. Of the sales price, $582,500 was allocated to the building and the remaining $277,500 was allocated to the land. Ken purchased the property several years ago for $660,000. When he initially purchased the property, he allocated $570,000 of the purchase price to the building and $90,000 to the land. Ken has claimed $15,000 of depreciation deductions over...
Please show how to solve it using The financial calculator (Model: HP10BII). One year ago you...
Please show how to solve it using The financial calculator (Model: HP10BII). One year ago you purchased a 30-year, 8% annual coupon bond at par. Today, you received the first coupon and sold the bond at a market rate of interest of 6%. What rate of return did you earn? A) 8% B) 19.12% C) 6% D) 22.13% *E) 35.18%.
Engineering Economy Please solve, for A and B please solve them correct! A company purchases an industrial laser fo...
Engineering Economy
Please solve, for A and B please solve them correct!
A company purchases an industrial laser for $176,000. The device has a useful life of 4 years and a salvage value (market value) at the end of those four years of $50,000. The before-tax cash flow is estimated to be $95,000 per year. a. You, of course, suggested applying the 3-year MACRS (GDS) method instead of the straight-line method. Given an effective tax rate of 28%, determine the...
Ken sold a rental property for $640,000. He received $152,000 in the current year and $122,000...
Ken sold a rental property for $640,000. He received $152,000 in the current year and $122,000 each year for the next four years. Of the sales price, $535,000 was allocated to the building and the remaining $105,000 was allocated to the land. Ken purchased the property several years ago for $438,000. When he initially purchased the property, he allocated $340,000 of the purchase price to the building and $98,000 to the land. Ken has claimed $22,000 of depreciation deductions over...
Ken sold a rental property for $860,000. He received $128,000 in the current year and $183,000...
Ken sold a rental property for $860,000. He received $128,000 in the current year and $183,000 each year for the next four years. Of the sales price, $582,500 was allocated to the building and the remaining $277,500 was allocated to the land. Ken purchased the property several years ago for $660,000. When he initially purchased the property, he allocated $570,000 of the purchase price to the building and $90,000 to the land. Ken has claimed $15,000 of depreciation deductions over...
Book value and taxes on sale of assets?? Troy Industries purchased a new machine 5 ?year(s)...
Book value and taxes on sale of assets??
Troy Industries purchased a new machine 5 ?year(s) ago for
$82,000. It is being depreciated under MACRS with a? 5-year
recovery period using the schedule:
Assume 40% ordinary and capital gains tax rates.
a. What is the book value of the? machine?
the remaining book value is: $
round to the nearest dollar
b. Calculate the? firm's tax liability if it sold the
machine for each of the following? amounts:
$98,400
SALE...
Can you please solve this and show the steps
Im using a financial calculator, so please list the inputs.
2. Mr. and Mrs. Spirit purchased a $35,000 house 20 years ago. They took a 30-year mortgage for $30,000 at a 3% annual interest rate. Their bank, the First Amityville National Bank, has recently offered the Spirits two alternatives by which they could prepay their mortgage. The Spirits have just made their 20th annual payment. [A] Under the first alternative, the...
Engineering Economy
Please solve, for A and B please solve them correct!
A company purchases an industrial laser for $176,000. The device has a useful life of 4 years and a salvage value (market value) at the end of those four years of $50,000. The before-tax cash flow is estimated to be $95,000 per year. a. You, of course, suggested applying the 3-year MACRS (GDS) method instead of the straight-line method. Given an effective tax rate of 28%, determine the...
Ken sold a rental property for $640,000. He received $152,000 in the current year and $122,000 each year for the next four years. Of the sales price, $535,000 was allocated to the building and the remaining $105,000 was allocated to the land. Ken purchased the property several years ago for $438,000. When he initially purchased the property, he allocated $340,000 of the purchase price to the building and $98,000 to the land. Ken has claimed $22,000 of depreciation deductions over...
Book value and taxes on sale of assets??
Troy Industries purchased a new machine 5 ?year(s) ago for
$82,000. It is being depreciated under MACRS with a? 5-year
recovery period using the schedule:
Assume 40% ordinary and capital gains tax rates.
a. What is the book value of the? machine?
the remaining book value is: $
round to the nearest dollar
b. Calculate the? firm's tax liability if it sold the
machine for each of the following? amounts:
$98,400
SALE...
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