Question: Hi, I need help with my Managerial Finance assignment please. . . 1.An asset fitting into the 10-year MACRS category was purchased 2 years ago

Hi, I need help with my Managerial Finance assignment please. . .

Hi, I need help with my Managerial Finance assignment please. . .

1.An asset fitting into the 10-year MACRS category was purchased 2 years ago for $135,000 The book value of this asset is now (Do not round intermediate calculations.) $92,000 $97,200 $101,800 $111,400 2.Firm X is considering the replacement of an old machine with one that has a purchase price of $65,000. The current market value of the old machine is $25,000 but the book value is $38,009 The firm's tax rate for ordinary income is 26%. What is the net cash outflow for the new machine after considering the sale of the old machine? $42,490 $33,220 $48,970 $36,62

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 Finance Questions!