Brummitt Corporation, is evaluating a new 4-year project. The equipment necessary for the project will cost...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664918f0786e3_543664918efb3626.jpg)
Transcribed Image Text:
Brummitt Corporation, is evaluating a new 4-year project. The equipment necessary for the project will cost $1,900,000 and can be sold for $277,000 at the end of the project. The asset is in the 5-year MACRS class. The depreciation percentage each year is 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent, respectively. The company's tax rate is 35 percent. What is the aftertax salvage value of the equipment? Brummitt Corporation, is evaluating a new 4-year project. The equipment necessary for the project will cost $1,900,000 and can be sold for $277,000 at the end of the project. The asset is in the 5-year MACRS class. The depreciation percentage each year is 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent, respectively. The company's tax rate is 35 percent. What is the aftertax salvage value of the equipment?
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
For what number does the principal square root exceed eight times the number by the largest amount?
-
Finding Financial Information Refer to the financial statements of American Eagle Outfitters in Appendix B at the end of this book. Required: 1. What types of securities are included in the...
-
In a perfect elastic collision of two masses \(m_{1}\) and \(m_{2}\), the quantity conserved is: a. energy b. momentum c. velocity
-
explain the components of contingency theory?
-
Foam Products, Inc., makes foam seat cushions for the automotive and aerospace industries. The companys activity-based costing system has four activity cost pools, which are listed below along with...
-
1. [-/1 Points] DETAILS LARCALCPRECALC3 11.1.012. Find the limit of the trigonometric function. lim cos 3x X - IT Need Help? Read It 2. [-/1 Points] DETAILS LARCALCPRECALC3 11.1.042. Determine the...
-
what would be the correct way measure transportation shipment of 75 tons for 125 miles ? don't forget units
-
Suppose that an investor with an 8-year investment horizon is considering purchasing a ten-year 9% coupon bond selling at par (coupons are paid semiannually).The investor expects that he can reinvest...
-
Q1 Lightbulbs 2 Points The average lifetime of a lightbulb is 100 hours (taken as continuous time). Answer the following questions with this information. Q1.1 Guessing 1 Point What may be the...
-
[The following information applies to the questions displayed below.] XYZ Corporation has a deferred compensation plan under which it allows certain employees to defer up to 35 percent of their...
-
We learned a lot about planning tools in class with that big G700. A "Big Six" tool Gulfstream applied "looked at actions to take when plans must change based on circumstances. "What planning tool...
-
Ch. 3- Hallmark, Inc. is in the process of calculating its' cost of goods manufactured for it's Holiday Greeting Cards. The company determined that materials purchases amounted to $55,000 and total...
-
4. You are the CFO of Yep Bank, a private Indian bank, and you are evaluating following two options to raise capital worth Rs.50 million Rupees:- Option1: Issue 1-year Commercial Paper at par (CP) in...
-
Do the three planes x + 2x + x 3 = 4, X X 3 = 1, and x + 3x = 0 have at least one common point of intersection? Explain.
-
Determine whether \(G\) raph \(Q_{2}\) is a spanning tree of Graph \(Q\). If not, explain how you know. J k [m
-
Determine whether Graph \(Q_{1}\) is a spanning tree of Graph \(Q\). If not, explain how you know. m n
-
List three unused (solid) edges from Graph \(O\) that cannot be used to complete the spanning tree. A student has been asked to construct a spanning tree for Graph \(O\), as shown in the figure. The...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App