Question: Question 3 2 pts A new machine cost $56,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value

Question 3 2 pts A new machine cost $56,000. The machine

Question 3 2 pts A new machine cost $56,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $3,000. The machine will be sold 4 years from now for $21,000. If the tax rate is 21%, what is the after-tax gain on the sale of the machine? Round your answer to the nearest dollar

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!

Market ResearchTo understand the process of market research and assess the information that is most impactful to the plan that is in play. The goal is to look at what information is available and...

Question 8 2 pts A new machine cost $47,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 5 years from now for $12,000....

Question 8 2 pts A new machine cost $41,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 5 years from now for $14,000....

Unanswered Question 8 0/2 pts A new machine cost $50,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $1,000. The machine will be sold 5 years from now...

Question 5 1 pts A new machine costs $56,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 4 years from now for...

Question 5 1 pts A new machine costs $60,000. The machine will be depreciateri on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 4 years from now for...

A new machine cost $49,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $1,000. The machine will be sold 5 years from now for $15,000. The machine will...

A new machine cost $47,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 5 years from now for $15,000. The machine will...

A new machine cost $42,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 5 years from now for $12,000. The machine will...

A new machine cost $47,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 5 years from now for $14,000. The machine will...

A new machine cost $41,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $1,000. The machine will be sold 5 years from now for $15,000. The machine will...

Explain how the adjusted r2 value is used in developing a regression model.

Which budget must be prepared before the others? Why?

Jack needs to email two documents to a friend but the fules are so latge his email seever bounced them back as undeliverable. What is your advice?

In the Global Financial Crisis box in Section 6.2, Bloomberg.com reported that the three-month Treasury bill sold for a price of $100.002556 per $ 100 face value. What is the yield to maturity of...

A julia program to fill out. Please help me out You need to fill the @variable( and #1 through #6 parts P = [1 1 0 0 0 0 0 0 0 0; 0 0 1 1 0 0 0 0 0 0; 0 0 0 0 1 1 0 0 0 0; 0 0 0 0 0 0 1 1 0 0; 0 0 0...

Reflect on a patient who presented with abdominal pain. Describe the patients personal and medical history, drug therapy and treatments, and follow-up care. If you did not evaluate a patient with...

Link 0 Link 5 A horizontal Slinky is at rest on a table. A wave pulse is sent along the Slinky, causing the top of link 5 to move horizontally with the displacement shown in the graph. x (cm) 2 4 6 8...

A pit in the earth (at sea level) with a planoconvex glass lens on top: The pit is 1m deep. If I want to see an energy density of 0.6 w/cm2 at the bottom of the pit on a bright sunny day, what should...

Bow Bakery has requested that a detailed proposal and budget for this expansion project first be prepared, then presented to the head office for their review and approval. Once approval from the head...

Consider a die-rolling experiment with events A, E1, E2, and E3 given by the following: A = 32, 4, 64 E1 = 31, 24 E2 = 33, 44 E3 = 35, 64 Show that E1 > A, E2 > A, and E3 > A are mutually exclusive...

3.119 You are responsible for detecting the source of the error when a computer system fails. From your analysis you know that the source of error is the disk drive, the computer memory, or the...

Consider a die-rolling experiment with A = 32, 4, 64 and B = 34, 5, 64. Show the following: a. (ANB) U (ANB) = B b. AU (ANB) = AUB