Question: I will upvote!! 1 pts Question 33 Afirm has just completed a 5-year project and sold the equipment for $3,200. The equipment was purchased 5

I will upvote!!

1 pts Question 33 Afirm has just completed a 5-year project and sold the equipment for $3,200. The equipment was purchased 5 years ago for $18,000. The firm depreciated the equipment using the accelerated depreciation (MACRS) schedule given below. Years MACRS 20.00% 1 12 32.00% 3 19.20% 14 11.52% 5 11.52% 16 5.76% What are the after-tax proceeds from the sale of the equipment, assuming the tax rate is 35.00%? $2,590 O $2,443 O $2,248 O $2.199 O $2,080

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!

Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following persons since the beginning of the year: V. Hoffman (general office worker)...

5 A project has an initial requirement of $194,703 for new equipment and $9,144 for net working capital. The installation costs to get the new equipment in working condition are 5,829. The fixed...

7 I will upvote A firm has just completed a 5-year project and sold the equipment for $3,600. The equipment was purchased 5 years ago for $26,000. The firm depreciated the equipment using the...

Financial Management B (AMF3872) Assignment 1 2020 Question 1 (20 marks) Oshakati Motors is considering buying a new equipment with an initial investment value of N$350 000. The equipment has a...

a firm has just completed a 5-year project and sold the equipment for $3,000. The equipment was purchased 5 years ago for $12,000. The firm depreciated the equipment using the accelerated...

30. A firm has just completed a 5-year project and sold the equipment for $3,500. The equipment was purchased 5 years ago for $22,000. The firm depreciated the equipment using the accelerated...

ACC105 - Unit 1 Study Guide Student: _Michael Garcia - orecbur 1. The sum of all costs of manufacturing costs except direct materials is called manufacturing overhead True Falso direct material...

Hello Can I get the solution for the question below? I have attached the document BUS356 Semester 1, 2017 Group Assignment 25% Instructions: This assignment is to be completed in a pair of 2 students...

QUESTION 2 (35 MARKS) The following information relates to Laser Ltd for the year ended 31 August 2016: Laser Ltd Statement of financial position as at 31 August 2016 2016 2015 N$ N$ ASSETS...

Please, help ASAP, Lab 2 TOTES Trillium Operating Budget - 20XX 7 8 9 $ 2 475 000 10 12 uni 600 000 50 000 13 14 15 16 17 onunun 120 000 7500 80 000 This section is for all product costs - 2 direct...

Make a sketch of (i) the Capital Market Line (CML) and (ii) the Security Market Line (SML), based on a rough estimate of the risk-free rate and the market risk premium, assuming S&P 500 as the...

How do formal reports differ from informal reports?

5. The Car class definition is shown in Figure 11-28. Write a Dim statement that uses the default constructor to instantiate a Car object in an application. The Dim statement should assign the object...

CCN and Act Media provided a television channel targeted to individuals waiting in super-market checkout lines. The channel showed news, short features, and advertisements. The length of the program...

The board of directors of Arizona Motor Shops, Inc., authorized the issuance of $1,000,000 face value, 10-year, 8 percent bonds dated April 1, 2016, and maturing on April 1, 2026. Interest is payable...

In a study entitled How Undergraduate Students Use Credit Cards, it was reported that undergraduate students have a mean credit card balance of $3,173 (Sallie Mae, April 2009). This figure was an...

A private college receives the following pledges of support. 1. As part of its annual fund drive, alumni and friends of the college pledge $8 million. The college estimates that about 15 percent of...

Kamlhani Imports is a furniture distributor. The following information is for one item of inventory, kitchen chairs, for the month of November. The store purchased and sold merchandise on account as...

Problem 8 - 1 4 ( Algo ) Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem. Also, evaluate the cost of the schedule....

c. On the basis of these two continua, determine Oprah Winfreys communication style. d. In your opinion, does Oprah Winfrey display style flexibility?

3. Lets assume that you have been hired to study the series of mix-ups that involved personnel employed by Automatic Elevator, Cardinal Health, and Duke Hospitals; propose your recommendation that...

1. Oprah Winfrey is one of Americas most popular talk-show hosts. Consider the behaviors she displays on her show, and then complete the following exercises: