Calculate gain or loss on disposal

Assignment Help Finance Basics
Reference no: EM131891067

Genetic Insights Co. purchases an asset for $12,389. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, and 4 are 14.29%, 24.49%, 17.49%, 8.93% and 8.93% respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of year 6 for $4,174. Calculate gain or loss on disposal. gain should be entered as a positive number. Loss should be entered as a negative number.

Reference no: EM131891067

Questions Cloud

Investment with an online discount broker : You put it in a mutual fund investment with an online discount broker, earning 6% per year.
How much did this inventory cost anderson : Assume Anderson's General Store bought on credit truckload of merchandise from American Wholesaling costing $23,800. How much did this inventory cost Andersons
What was the interest expense for the year : The WeAreAwesome Company had Earnings before Interest and taxes (EBIT or "operating profit") of $400,000 and net income of $300,000.
What is the present value of future stock : what is the present value of this expected future stock price? In other words, calculate the PV of $25.00.
Calculate gain or loss on disposal : Calculate gain or loss on disposal. gain should be entered as a positive number. Loss should be entered as a negative number.
What is the default risk : What is the default risk (to one decimal place):
What is the current state of the industry in given regard : How has data mining and predictive analysis worked towards resolving this challenge? What is the current state of the industry in this regard?
Prepare the cash flows from operating activities section : Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method
Calculate the apr for federal truth-in-lending purposes : Calculate the APR for federal truth-in-lending purposes.

Reviews

Write a Review

Finance Basics Questions & Answers

  Expected return and standard deviation

What is the expected return and standard deviation on the companys stock?

  Reflect on the readings for this module as well as those

reflect on the readings for this module as well as those from previous modules when you consider this modulersquos

  Choose one of the public policy issues discussed in lesson

choose one of the public policy issues discussed in lesson 7 poverty corporate welfare or outsourcing do some

  What is the expected value of the outcomes

Buchanan Corp. forecasts the following payoff from a project.

  What is likely total of long term debt plus equity capital

If the firm follows a maturity matching (or moderate working capital financing policy) what is the most likely total of long term debt plus equity capital?

  What is the most you would pay for this bond

You have an interest in a typical US corporate bond that pays a 5% coupon rate and has exactly 7 years until maturity. Your opportunity cost of invested funds is 9.0%. What is the most you would pay for this bond?

  Compute the most economically rational value

Suppose IBM is expected to pay a total cash dividend of $3.60 next year and dividends are expected to increase indefinitely by 3% a year. Suppose the required rate of return is 9 percent.

  What benefits do flexible unit load materials have

What benefits do flexible unit-load materials have in contrast to rigid containers? How do return or reverse logistics considerations impact the two approaches?

  Important financial data you intend to evaluate

What is the most important financial data you intend to evaluate and interpret? What is that data telling you about the current health of your organization

  Computing ratios impacted by extra debt

How much will each annual payment be? What ratios would be impacted by extra debt? How would you give explanation for this purchase to management?

  Different dispute resolution methods

Considering all of the different dispute resolution methods, what are the three most important things you would be concerned about if charged.

  What existing information might need to be reviewed

Explain why you think it is necessary to constantly look for ways to improve cost management? What existing information might need to be reviewed, analysed and improved?

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