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Question - One year ago, your company purchased a machine used in manufacturing for $105,000. You have learned that a new machine is available that offers many advantages and you can purchase it for $165,000 today. It will be depreciated on a straight-line basis over 10 years and has no salvage value. You expect that the new machine will produce a gross margin (revenues minus operating expenses other than depreciation) of $45,000 per year for the next 10 years. The current machine is expected to produce a gross margin of $25,000 per year. The current machine is being depreciated on a straight-line basis over a useful life of 11 years, and has no salvage value, so depreciation expense for the current machine is $9,545 per year. The market value today of the current machine is $45,000. Your company's tax rate is 45%, and the opportunity cost of capital for this type of equipment is 12%. Should your company replace its year-old machine?
If so, come up with a plausible explanation for the difference. What evidence could you gather to verify the explanation.
Shane Whitebone is getting to know his new client, Clarrie Potters, a large discount electrical retailer. Ben Brothers has been the engagement partner.
Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant.
Which features in QuickBooks are used to record receipts and payments? 'Enter Bills' features and 'Pay Bills' features are used to record receipts and payments.
A bond that has a face value of $5,000. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.90% compounded semi-annually.
Mr. Brightside Company purchased machinery costing $146,000. Prepare the necessary entries for 2019 and 2020 assuming Mr. Brightside has a December 31 year-end
Write a 250- to 350-word paper explaining why preferred stock is referred to as preferred and what some of the features added to preferred stock are that make.
On December 15, 2012, Ted purchases and occupies a new residence at a cost of $175,000. Calculate the adjusted basis of his new residence
The records of Bonita's Boutique report the following data for the month of April. Compute the ending inventory by the conventional retail inventory method
The estimated litigation expense of $1,000,000 will be deductible in 2011 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $500,000 in each of the next three years. The income tax rate is 30% for all ..
PT ABC issued 1,000 shares of convertible bonds at par with a face value of Rp 200.000 per bond at January 1, 2019. Compute the liability and equity component
Neither have any dependents. Calculate Ulysses' income tax liability assuming the couple does not live in a community property state
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