Question: Please Explain the following thoroughly Include how to find the Book value and formula and how to to find the net cash flow with formula.

Please Explain the following thoroughly Include how to find the Book value and formula and how to to find the net cash flow with formula.

Ronnie's Custom Cars purchased some fixed assets two years ago for $35,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $19,500 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent?

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!

Please show your work. A B C D E F G H J K L M N o F 1 Q1: 2 An important task in performing business valuations is normalizing the historical financial statements. (a). Using the information...

financial SUBDOMAINS: 325.4 COMMUNICATING EFFECTIVELY IN ORGANIZATIONS 326.1 MANAGING INTERNAL COST & CONTROLLING FINANCES 326.2 MANAGING CAPITAL & FINANCIAL ASSETS 326.4 MANAGING ENTERPRISE RISK &...

Hi I know you opted out of an earlier question. I have several open questions. I really need to get them in. Would you be willing to take any of these questions? I have been waiting for 3 days. I...

Can anyone solve the answers from the given document givenbelow? I really need help. MY FINAL LITERALLY IS KNOCKING AT THE DOOR. Name_________________________________ Student...

1. A bank is paying interest at a 5% annual rate on deposits. If you invest 10,000 and the bank compounds interest daily (i.e., 365 times per year), which of the following shows how much you will...

Question 1 (1 point) Which of the following statements describes Black Fly's process costing system? Question 1 options: Direct materials and direct labour are traced to each specific order. The...

SOMEONE PLEASE HELP ME GIVE ALL THE ANSWERS!!!!! MY EXAM IS ON 13th MORNING! SO PLEASEEEEE!!!!! 2. An investment is expected to pay the following: C 1 = $2,300, C 2 = $2,600, C 3 = $2,900, and then...

I need to get help with this case study PwC Case Studies in Taxation, 2013, PwC, LLP FLATIRONS, INC. Flatirons, Inc. (dba Flatirons Flapjacks Caf) specializes in unique breakfast and brunch menus and...

I need help with question 2! I already have done the work for question 1 the work is requires to do nukber 2, PLEASE HELP WITH 2. 1. One year ago, HQ Company paid $10,000 to a consultant to review...

Hi there I need help answering ASSIGNMENT 1 ONLY by Friday afternoon. I have attached the study pack to help answer the question. Thanks! FIN4802 ASSIGNMENTS ASSIGNMENT 01 Due date: 13 May 2016...

Write an algorithm, inde pendent from any programming language, where you may get: i) The summation of all individual digitsl symbols of your Stud ID number: ii) The multi plication between first two...

Assess the threat of a nuclear attack; analyze the means by which non-state actors could acquire a nuclear weapon or device, and hypothesize if a nuclear attack is more likely to be conducted by a...

GRAPHING. ( Copy / paste or screenshot the graph / output and your command window ) . Write the detailed syntax / functions used. Use appropriate domain. ( Use your surname as file name. Always start...

what is starbucks business continuity planning

2. Identify examples of loaded language and ambiguous language. Apply what youve learned in this chapter by analyzing the following case study, using the accompanying questions as a guide. These...

1. Identify examples of you-language in this conversation. How would you change it to I-language? Apply what youve learned in this chapter by analyzing the following case study, using the...

3. Visit chat rooms and online forums and notice the screen names that people use. How do the names people create for themselves shape perceptions of their identities? What screen names do you use?...