Calculate after-tax cash flow at disposal

Assignment Help Financial Accounting
Reference no: EM132793207

Genetic Insights Co. purchases an asset for $10,762. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $4,796.

Problem 1: Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals.

Reference no: EM132793207

Questions Cloud

How much is the interest income for the year ending december : How much is the Interest income for the year ending December 31, 2021? On May 31, 2020, it sold an electrical generator costing ? 700,000
What other information do you recommend mr. baker obtain : Identify which alternative you recommend Mr. Baker should choose - What other information do you recommend Mr. Baker obtain before he makes his decision
What are the tax consequences to Terry : Therefore, when Terry deeds the property to the creditor, she also receives $25,000 from the creditor. What are the tax consequences to Terry
What is the carrying value of the loan as of march : M& M Bank granted a loan to a borrower. What is the carrying value of the loan as of March 31, 2021? What is the Carrying value of the loan as of April 1, 2020?
Calculate after-tax cash flow at disposal : Calculate After-Tax Cash Flow at disposal. Genetic Insights Co. purchases an asset for $10,762. This asset qualifies as a seven-year recovery asset under MACRS.
How much will appear as the carrying amount : In the note amortization schedule before impairment, how much will appear as the carrying amount of the note as of December 31, 2019
What is the amount of labor cost charged to wip : Monday to Friday or 5 days a week. Overtime was due to customer's specifications / order. What is the amount of labor cost charged to WIP?
Prepare all journal entries for the year on Alfa books : Alfa has calculated the lease payments to Romeo to be $ 33,500 per year for 4 years. Prepare all journal entries for the 2020 year on Alfa's books
What impact would the new capital structure have on the firm : What impact would the new capital structure have on the firm's net income, total dollar return to investors, and return on equity (ROE)?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Discuss the application of accounting and auditing concepts

Based on your research, please discuss the benefits (and drawbacks) of creating financial reports with the use of IT. Based on your research, please discuss the application of accounting and auditing concepts in an electronic environment.

  Classification of itemsthe mill run golf amp country club

classification of items.the mill run golf amp country club details the following accounts in its financial

  What amount of november credit sales will be collected

What amount of November's credit sales will be collected in December. 50% of purchases are paid in the first month following the month of purchase

  The effective-interest method of amortization

A company issued $ 100,000 5-year, 7.00% bonds and received $ 101,137 in cash. The market rate of interest when the bonds were issued was 6.5%. What is the amount of interest expense to be recorded for the first annual interest period if the company ..

  What amount of income will stephanie recognize

What amount of income will Stephanie recognize in year 1 if she uses the accrual method of accounting?

  What is the before-tax cost of debt for Olympic

Olympic sports have two issues of debt outstanding .one is a 9 % coupon bond with a face value of $20 million, What is the before-tax cost of debt for Olympic

  What are the different types of bribery

Ethics in accounting, How would you describe greed? What is bribery? What are the different types of bribery? Provide the suitable example

  What amount will be in the investment fund on december

If Wagner will earn 12% on the investment, what amount will be in the investment fund on December 31, 2023? (Rounded your answer to nearest €)

  Which financial statements is most likely to use

A financial analyst wishes to evaluate a company's current financial position. Which of the following financial statements is he most likely to use?

  Shares of common stock to a valued employee

The two original shareholders of a LLC issue 40,000 shares of common stock to a valued employee (vice-president of marketing) who was being wooed by a rival company. The employee pays nothing for the shares, but the employee is prohibited from sellin..

  What ending work in process inventory on april

During April, manufacturing costs charged to the department were: Materials $92,000; Conversion costs $102,000. The cost assigned to the units in the ending work in process inventory on April 30 was?

  Show how the amounts related to accounts receivable

Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year.

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