Question: 1.Gameiro Ltd. purchases a duplicating machine for $15,000. This machine qualifies as a five-year recovery asset under normal depreciation. The company has a tax rate

1.Gameiro Ltd. purchases a duplicating machine for $15,000. This machine qualifies as a five-year recovery asset under normal depreciation. The company has a tax rate of (6%). If the company sells the machine at the end of four years for $4,000, what is the cash flow from disposal after tax? Answer: cash flow from disposal is _________________

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Alpha Mann Ltd makes and sells computer carry bags. Bill Blake, the company accountant, is responsible for preparing the company's annual budget. In compiling the budget data for next year, Blake has...

1) Calculate the following future value: a. PV = $50, r = an annual interest rate of ((your-5%) + 2%), and n = 8 years. FV: ______ b. PV = $75, r = an annual interest rate of (your-5%), and n = 3...

a.Zap Enterprises, Inc. has issued thirty-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is (6%) and the current yield to maturity is 9%, what is the firms...

MARCRS Schedule for assets with five-year life. Year MACRS Percent 1 20% 2 32% 3 19.20% 4 11.52% 5 11.52% 6 5.76% Please help me solve this problem. I believe I am supposed to use the percentages...

37. Anthony, Ltd. purchases a duplicating machine for $15,000. This machine qualifies as a five-year recovery asset under MACRS. The company has a tax rate of 33%. If the company sells the machine at...

Anthony, LTD. purchased a duplicating machine for $15,000. This machine qualifies as a five-year recovery asset under MACRS. The company has a tax rate of 33%. The MACRS depreciation rates are as...

Anthony, Ltd. purchased a duplicating machine for $15,000. This machine qualifies as a five-year recovery asset under MACRS. The company has a tax rate of 33%. The MACRS depreciation rates are as...

1) Given an expected market return of 12.0%, a beta of 0.75 for Benson Industries, and a risk-free rate of 4.0%, what is the expected return for Benson Industries? 1) ______ A) 9.0% B) 10.0% C) 4.0%...

1) Given an expected market return of 12.0%, a beta of 0.75 for Benson Industries, and a risk-free rate of 4.0%, what is the expected return for Benson Industries? A) 9.0% B) 10.0% C) 4.0% D) 13.0%...

Martinez,Ltd. Purchases a duplicating machine for $15,000. This machine qualifies as a five-year recovery asset under MACRS. The company has a tax rate of 33%. If the company sells the machine at the...

How have stocks performed in the past? The following table presents the data stored in Stock Performance that shows the performance of a broad measure of stocks (by percentage) for each decade from...

Which of the following scenarios is an example of a legislative lag? The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build. The...

Large time deposits in a commercial bank have a value of Blank _ _ _ _ _ _ or more. Multiple choice question. $ 1 0 0 , 0 0 0 $ 2 5 , 0 0 0 $ 5 0 , 0 0 0 $ 1 0 , 0 0 0

Find the radius of gyration of a plate covering the region bounded by x=3, x=5, y=0, and y=4 with respect to the y-axis.

Which of the following paragraphs would be more appropriate for the sales appeal of a request approval? Explain why. (Objective 3) Mr.Williams, I want to invite you to our annual sale.We have many...

How can enumerating the questions in a request help both the person who writes the message and the person who responds to it? (Objective 4)

Claims and condolences concern negative or unpleasant circumstances. Why are they written using the direct plan? (Objectives 4 and 5)