Question: Please help and show work! A $72,000 machine with a 8-year class life was purchased 4 years ago. The machine will now be sold for

Please help and show work! Please help and show work! A $72,000 machine with a 8-year class

A $72,000 machine with a 8-year class life was purchased 4 years ago. The machine will now be sold for $36,000 and replaced with a new machine costing $60,000, with a 5 -year class life. The new machine will not increase sales, but will decrease operating costs by $16,000 per year. Simplified straight line depreciation is employed for both machines, and the marginal corporate tax rate is 34 percent. What is the initial outlay for the project? NOTE -ALTHOUGH THE INITIAL OUTLAY IS NEGATIVE, PLEASE ENTER YOUR ANSWER AS A POSITIVE SIGN. IN OTHER WORDS, IF YOUR ANSWER IS - 10,000 , ENTER IT AS 10,000 . DO NOT ENTER THE DOLLAR SIGN

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 help and show work! A $54,000 machine with a 5 -year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $97,000, with a 10...

show work please A $64,000 machine with a 6-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $89.000, with a 10- year class...

a A $97,000 machine with a 8-year class life was purchased 4 years ago. The machine will now be sold for $33,000 and replaced with a new machine costing $55,000, with a 5-year class life. The new...

A $ 6 9 , 0 0 0 machine with a 8 - year class life, was purchased 2 years ago. The machine will now be sold for $ 5 0 , 0 0 0 and replaced with a new machine costing $ 7 9 , 0 0 0 , with a 1 0 - year...

A $67,000 machine with a 8-year class life was purchased 5 years ago. The machine will now be sold for $22,000 and replaced with a new machine costing $61,000, with a 5-year class life. The new...

A $99.000 machine with a 8-year class life was purchased 6 years ago. The machine will now be sold for $28,000 and replaced with a new machine costing $58,000, with a 5-year class life. The new...

Question 16 1 pts A $64,000 machine with a 8-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $83,000, with a 10-year class...

169 199 000, 1202 yd 926919b iw 21200 10del betaal 109jong srb ali bns 000, var 1200 lliw driemaiupe ed assy000,12 yd 9269oni lliw 29aneqx9 gnide1900 4. A $68,000 machine with a 8-year class life was...

Can someone please explain how to get this one? A $77,000 machine with a 8-year class life was purchased 2 years ago. The machine will now be sold for $31,000 and replaced with a new machine costing...

please bold answer A $74,000 machine with a 8-year class life was purchased 2 years ago. The machine will now be sold for $30,000 and replaced with a new machine costing $63,000, with a 5-year class...

Express the position vector r in Cartesian vector form; then determine its magnitude and coordinate directionangles. 8 ft 2 ft 20 5 ft

A racing bike is listed for $1293.44 less 18 1/3%, 9 1/9%, and 3%. (a) What is the net price? (b) What is the total amount of discount allowed? (c) What is the exact single rate of discount that was...

How have you put your career and technical skills to use in the accounting industry at school, at home, and in your community through paid or unpaid experiences?

Taxpayer completes a service for Customer on December 28. Customer offers to pay by credit card in person the same day. Taxpayer regularly accepts credit card payments in Taxpayer's business, but...

4.39 A company installs new central-heating furnaces and has found that for 15% of all installations, a return visit is needed to make some modifications. Six installations were made in a particular...

4.33 For a binomial probability distribution with P = 0.4 and n = 20, find the probability that the number of successes is equal to 9 and the probability that the number of successes is fewer than 7.

4.31 For a binomial probability distribution with P = 0.5 and n = 12, find the probability that the number of successes is equal to 7 and the probability that the number of successes is fewer than 6.