Calculate accumulated depreciation over four years

Assignment Help Financial Management
Reference no: EM132072522

Reversing Rapids Co. purchases an asset for $148,149. This asset qualifies as a five-year recovery asset under MACRS.

The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%.

The asset is sold at the end of year 4 for $12,570. Calculate accumulated depreciation over 4 years. Round the answer to two decimals.

Reference no: EM132072522

Questions Cloud

What is the least prevalent cell type in blood : What is the most prevalent cell type in blood, and what is the least prevalent cell type in blood?
Cancerous versus noncancerous cells : What are two methods you could use to study gene expression in cancerous versus noncancerous cells.
Advise the harrells on how they should respond to the irs : The beach house was in need of substantial repairs. Rather than hiring a contractor, Rex and Agnes decided they would make the repairs themselves.
Determine the strength of the acid in order : How could we determine the strength of the acid in order to pick an appropriate indicator (i.e an indicator that is weaker than the acid)?
Calculate accumulated depreciation over four years : Reversing Rapids Co. purchases an asset for $148,149. This asset qualifies as a five-year recovery asset under MACRS.
Describing the various revenue recognition methods : Question: Accounting in Practice: C&M - Prepare a brief memo describing the various revenue recognition methods acceptable for C&M
Find the minimum number of hours per year : In a reverse osmosis system, the water can be cooled using one of two systems: a single-pass heat exchanger or a closed-loop heat exchange system.
Write the chemical equation for the melting of ice : Write the chemical equation for the melting of ice. Don't forget to include the value for the energy term in your equation.
Provide a summary of the journal article : In the article, what strategies were used in resolving conflicts? Discuss their usefulness in conflict-management.

Reviews

Write a Review

Financial Management Questions & Answers

  Test the control activities related to occurrence assertion

Procedures an auditor should perform to test the control activities related to the occurrence assertion would include all of the following, except

  Outstanding bonds with a coupon rate

TC, Inc. has 15 million of outstanding bonds with a coupon rate of 10 percent. the yield to maturity on these bonds is 12.5 percent. if the firms tax rate is 30 percent, what is relevant cost of debt financing to Kendall, inc.?

  What interest rate did the he receive on this investment

What interest rate did the he receive on this investment?

  Create portfolio equally as risky as the market

You want to create a portfolio equally as risky as the market, and you have $500,000 to invest. Information about the possible investments is given below: Asset Investment Beta Stock A $ 130,000 .75 Stock B $ 150,000 1.20 Stock C 1.35 Risk-free asset..

  Calculate the interest rate to the nearest basis point

Please provide the calculations in MS Excel for the future value of an annuity due amount for an $8,000 payment annually in 8 years at 8% compounded on an annual basis to the nearest penny. Calculate the interest rate to the nearest basis point (0.00..

  What is the company cost of preferred stock

What is the company's cost of preferred stock for use in calculating the WACC?

  What is the banks cost of preferred stock

Seventeenth Bank has an issue of preferred stock with $9.00 stated dividend that just sold for $60 per share. What is the bank’s cost of preferred stock? (Show your work and round your answer to two decimal places

  According to the multi-stage dividend discount model

What is the estimated market value according to the multi-stage dividend discount model?

  Prepare financing activities section of cash flow statement

In 2004 Guidotti & Bruni SpA refinanced its long-term debt- Prepare the financing activities section of the cash flow statement for Guidotti & Bruni SpA for 2004.

  Find total amount of interest the client will earn

Find the total amount of interest the client will earn

  The required rate of return on the stock

The required rate of return on the stock, rs, is 9.00%. What is the stock's expected price 3 years from today (P3)?

  Dividend is expected to grow at constant rate

The dividend is expected to grow at a constant rate of 6 percent over next four year. present value of the year 4 stock price at a discount rate of 20 percent.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd