Carla Vista Potions, Inc., a pharmaceutical company, bought a machine at a cost of $2.5 million five

Fantastic news! We've Found the answer you've been seeking!

Question:

Carla Vista Potions, Inc., a pharmaceutical company, bought a machine at a cost of $2.5 million five years ago that produces pain-reliever medicine. The machine has been depreciated over the past five years, and the current book value is $852,000. The company decides to sell the machine now at its market price of $895,000. The marginal tax rate is 40 percent. What is the after-tax salvage value of this machine?

A)$536,841B)$877,800C)$784,265D)$689,412

Posted Date: May 17, 2024 04:11 PM

See More Questions

Record your responses on the spreadsheet template. 2014 February 1 - Brady and Manning decide to start up a partnership. Brady brings in $10 000 cash and equipment costing $60 000, with $17 000 in...
Paper Company acquired 80 percent of Scissor Companys outstanding common stock for $296,000 on January 1, 20X8, when the book value of Scissors net assets was equal to $370,000. Paper uses the equity...
Westwood Tanning Salon bought three tanning beds in a $19,000 lump-sum purchase. An independent appraiser valued the tanning beds as follows: Tanning Bed ___________________ Appraised Value 1...
What are the three major types of long-term assets that require a periodic write-off? Present examples of each, and indicate for each type of asset the term that denotes the periodic write-off to...
You are the division president of Stable Division of Giga-Corp. Your friend, Ligia, is the division president of Giga-Corp.s Turmoil Division. These are the only divisions. Each division has 5,000...
The program generates a customers invoice for CS Carpet Service. This student-run company provides carpet cleaning services to the community. Sales data are recorded in plain text files that serve as...
The distance between (2, 4) and (5, y) is 13. Find y. (Explain geometrically why there must be two values of y.) - Find the distances between each pair of points: (a) (3.998, 2.114) and (1.130,...
Recommend a wireless technology for the case where you need to provide seamless highspeed connectivity between several adjacent buildings in a metropolitan CBD area.
Respond to the scenario below with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas. You and Shawn met yesterday with the members of a...
1. Perform calculations relating to the ALL principles of budgeting production budget/purchases budget/cash budget/cash and credit sales collection schedule) 2. Apply the principles relating to job...
Discuss how blockchain technology can impact the education sector
"Financial accounting treats costs very broadly while the cost accounting does this in much greater detail" Explain this statement and state the limitations of financial accounting.
Parker Company has 24,000 shares of $1 par common stock issued and outstanding The company also has 2,000 shares of $100 par 5 cumulative preferred stock outstanding The company did not pay the...
Audrey purchases a riding lawnmower using a 2-year, no-interest deferred payment plan at Lawn Depot for x dollars. There was a down payment of d dollars and a monthly payment of m dollars. Express...

Carla Vista Potions, Inc., a pharmaceutical company, bought a machine at a cost of $2.5 million five

Question:

Expert Answer:

Students also viewed these finance questions