ZuoTi.Pro
Question

Assume you own a refrigerator that was purchased new seven years ago for $900, would cost...

Assume you own a refrigerator that was purchased new seven years ago for $900, would cost $1200 today, and that it was expected to last ten years when purchased. Similar used refrigerators sell for about $300. What is its actual cash value?

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
Assume you own a refrigerator that was purchased new seven years ago for $900, would cost...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • both questions please and thank you Four years ago, your employer purchased for $2.250,000 a new...

    both questions please and thank you Four years ago, your employer purchased for $2.250,000 a new office telephone system to support its complex of office buildings. Your supervisor wants to know what its after-tax salvage value would be if it were sold today and replaced with a new system. The system purchased four years ago is being depreciated straight-line for tax purposes over 5 years to a book value of $50,000 (because when the system was purchased the Company believed...

  • New microelectronics testing equipment was purchased 2 years ago by Mytesmall Industries at a cost of...

    New microelectronics testing equipment was purchased 2 years ago by Mytesmall Industries at a cost of $600,000. At that time, it was expected to be used for 5 years and then traded or sold for its salvage value of $75,000. Expanded business in newly developed international markets is forcing the decision to trade now for a new unit at a cost of $800,000. The current equipment could be retained, if necessary, for another 2 years, at which time it would...

  • You purchased a new sports car 38 years ago at a cost of $3,100. Today, you...

    You purchased a new sports car 38 years ago at a cost of $3,100. Today, you sold that car for $67,000. What annual rate of return did you earn on this vehicle?

  • Sea Maters Inc. purchased a lot in Phenix City 6 years ago at a cost of...

    Sea Maters Inc. purchased a lot in Phenix City 6 years ago at a cost of $270,000. Today, that lot has a market value of $470,000. At the time of the purchase, the company spent $7,000 to improve the site for a future use. The company now wants to build a new facility on that site. The actual contruction cost is estimated at $1.3 million. What amount should be used as the initial cash outflow (Cf0) for this project? Put...

  • You purchased a machine for $ 1.04 million three years ago and have been applying​ straight-line...

    You purchased a machine for $ 1.04 million three years ago and have been applying​ straight-line depreciation to zero for a​ seven-year life. Your tax rate is 40 %. If you sell the machine today​ (after three years of​ depreciation) for $786,000​ what is your incremental cash flow from selling the​ machine?

  • The Darlington Equipment Company purchased a machine 5 years ago at a cost of $100,000. The...

    The Darlington Equipment Company purchased a machine 5 years ago at a cost of $100,000. The machine had an expected life of 10 years at the time of purchase, and it is being depreciated by the straight-line method by $10,000 per year. If the machine is not replaced, it can be sold for $10,000 at the end of its useful life. A new machine can be purchased for $160,000, including installation costs. During its 5-year life, it will reduce cash...

  • 1a) You purchased a share of stock for $35.40 seven years ago and just sold it...

    1a) You purchased a share of stock for $35.40 seven years ago and just sold it today for $58.37. No dividends were paid out over the seven years but you did receive an accumulated dividend of $5.80 when you sold the stock. What is your (a) Dollar gain or loss; (b) HPR; (c) Simple annual return; and (d) Compound annual return? 1b) You bought a stock for $60.54 and sold it 5 months later for $68.95 with no dividends paid....

  • You purchased a machine for $1.04 milion three years ago and have been appling straight line...

    You purchased a machine for $1.04 milion three years ago and have been appling straight line depreciation to zero for a seven-year life. Your tax rate is 38%. If you sell the machine today after three years of depreciation for $755,000. What is your incremental cash flow from selling the machine? Your total incremental cash flow will be (Round to the nearest cant)

  • You purchased a machine for $ 1.19 million three years ago and have been applying​ straight-line...

    You purchased a machine for $ 1.19 million three years ago and have been applying​ straight-line depreciation to zero for a​ seven-year life. Your tax rate is 38 %. If you sell the machine today​ (after three years of​ depreciation) for $730,000​, what is your incremental cash flow from selling the​ machine? Your total incremental cash flow will be ​$ __. ​(Round to the nearest​ cent.)

  • You purchased a machine for $1.07 million three years ago and have been applying​ straight-line depreciation...

    You purchased a machine for $1.07 million three years ago and have been applying​ straight-line depreciation to zero for a​ seven-year life. Your tax rate is 40%. If you sell the machine today​ (after three years of​ depreciation) for $700,000​, what is your incremental cash flow from selling the​ machine?

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT