A firm sells an equipment with a price of $50,000, the remained book value of this...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A firm sells an equipment with a price of $50,000, the remained book value of this equipment is $25,000 at the time of sale. What is the after-taxed salvage value of this equipment if the tax rate is 21 percent? $44,750 $5,250 $50,000 $35,000 A firm sells an equipment with a price of $50,000, the remained book value of this equipment is $25,000 at the time of sale. What is the after-taxed salvage value of this equipment if the tax rate is 21 percent? $44,750 $5,250 $50,000 $35,000
Expert Answer:
Answer rating: 100% (QA)
35000 Aftertax salvage value Book value Price 1 Tax rate 25000 50000 1 ... View the full answer
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
Students also viewed these economics questions
-
William sold wines manufactured by Nelson Winery in South Island New Zealand. Under an agreement Nelson Winery agrees to give to William retail distributing rights (but not a sole agency) for the...
-
Compute the equivalent units of production for labor and overhead for the month. Information about production in the fabricating department of the C&C Company for August 2016 follows: Beginning...
-
Compute the equivalent units of production for labor and overhead for the month. Information about production in the fabricating department of the Char & Son Company for March 2019 follows: Beginning...
-
Write the surface x 2 + y 2 z 2 = 2 (x + y) as an equation r = (, z) in cylindrical coordinates.
-
Suppose there are two inputs in the production function, labor and capital, and these two inputs are perfect substitutes. The existing technology permits 1 machine to do the work of 3 workers. The...
-
If markets are semistrong-form efficient, then passive portfolio management strategies are most likely to: A. Earn abnormal returns. B. Outperform active trading strategies. C. Underperform active...
-
A European recession and the U.S. economy a. In 2014, European Union spending on U.S. goods accounted for \(18 \%\) of U.S. exports (see Table 17-2), and U.S. exports amounted to \(15 \%\) of U.S....
-
Software Solutions, Inc., was started by two young software engineers to market SpamBlocker, a software application they had written that screens incoming e-mail messages and eliminates unsolicited...
-
We read about Language and Authority in grammar and how some groups try to control language. Identify one such group and explain how and why they try to control language. Do you think such efforts to...
-
Assume that the Siletz River data are lognormally distributed. Find the following. (a) Peak flow of the 100-yr flood (b) Peak flow of the 50-yr flood (c) Probability that a flood will be less than or...
-
In a sample of double-stranded DNA containing 32%C, the most accurate average %A would be: 68% 36% 24% 18% insufficient information is provided.
-
How do allusions operate as acts of homage and intertextual dialogue within postmodern literature, blurring the boundaries between high and low culture, canonical and popular texts, while also...
-
The linear density of a rod varies with length as = 2x + 3 If the length of the rod is 4.9m, find the location of the center of mass of the rod. Specify your answer in SI units up to one decimal...
-
How do authors strategically deploy allusions as intertextual references to literary, historical, mythological, or cultural texts, enriching the layers of meaning and inviting readers to engage in...
-
Track Bicycles Inc. maintains a perpetual inventory system and began the year with $40,000 of merchandise in- ventory. During January, the company purchased inventory of $100,000 on account, returned...
-
List at least 3 controls / procedures that you could adopt in a business for the handling of electronic payments .
-
I am trying to evaluate tax using tax rate schedules for 2019 for Daniel B. and Frieda C. Butler. My taxable income is $148,782, and I computed my tax to be $24,449 using the computation...
-
Evaluate the integral, if it exists. Jo y(y + 1) dy
-
The income statement shown on the next page was prepared by Barbara Merino, owner of Merino's Beauty Supplies. The business is a sole proprietorship that sells skin and hair care products. An...
-
In small groups, create a scenario for the life of an invoice. How does a sale become an uncollectible? Start at the sale of a product, when it became uncollectible, and then finally paid. Present...
-
The sales journal for Charleston Company is shown below. Describe how the amounts would be posted to the general ledger accounts. SALES JOURNAL PAGE 1 SALES SALES TAX RECEIVABLE PAYABLE CREDIT POST...
-
If 25 women are randomly selected, find the probability that the mean of their red blood cell counts is less than 4.444. Assume that red blood cell counts of women are normally distributed with a...
-
Find the probability of an IQ less than 85.
-
What percentage of women have red blood cell counts in the normal range from 4.2 to 5.4? Assume that red blood cell counts of women are normally distributed with a mean of 4.577 and a standard...
Study smarter with the SolutionInn App