The Green Bay Packers purchased new videoboard equipment for Lambeau Field in 2019. The videoboard equipment cost $365,000, plus an additional $125,000 in delivery and installation expenses. Assume the equipment has a 7 year depreciable life and uses accelerated depreciation.

A. Assume the videoboards went into service on July 12, 2019, and were removed from service on September 28, 2023. Calculate the total value of depreciation for years 2019 through 2023.

B. Assume the total value of depreciation for years 2019 through 2023 is $323,394. What is the remaining book value in year 2023?

C. Assume the remaining book value of the equipment in 2023 is $148,319, and that the equipment was sold on November 12, 2023 for $229,641. What is the net cash flow from salvage value after taxes from the sale of the equipment? Use a capital gains tax rate of 20%.

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A C D E F G H 1 Question 3A 2 Acquistion Cost 365000 3 Capitalized Cost 125000 490000 4 Add Delivery ... View the full answer