Reference no: EM13947408
You own some equipment that you purchased four years ago at a cost of $287,000. The equipment is five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, .0576, for years 1 to 6, respectively. You are considering selling the equipment today for $99,000. Which one of the following statements is correct if your tax rate is 35 percent?
The tax due on the sale is $17,357.76.
The book value today is $49,406.40.
The accumulated depreciation to date is $270,468.80.
The taxable amount on the sale is $49,593.60.
The aftertax salvage value is $81,707.76.
|
Transactions occurs in the primary market
: Which one of the following transactions occurs in the primary market?
|
|
Several terms unique to auto leases
: Auto mobiles are often leased, and there are several terms unique to auto leases. Suppose you are considering a car. The price you and the dealer agree on for the car is $36,000. This is the base capitalized cost. What APR is the dealer quoting you? ..
|
|
How do i prepare a statement of cash flows
: How do I prepare a statement of cash flows using the indirect method with the above balance sheet and income statement? Thank you.
|
|
Construct a 99% confidence interval for the population mean
: In a random sample of 20 people, the mean tip that they said they would leave after a $30 meal was $3.75 and the standard deviation was $0.25. Construct a 99% confidence interval for the population mean.
|
|
The equipment is five-year property for MACRS
: You own some equipment that you purchased four years ago at a cost of $287,000. The equipment is five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, .0576, for years 1 to 6, respectively. You are considering selling the equ..
|
|
Maximum acceptable value of the standard deviation
: Is the company currently capable of meeting the industry group's specification standards if the company's minimum Cpk is 1.10? Explain. If it is not, explain if it is due to a drifting of the mean or too much variability. Explain.
|
|
Foreseeable future-solar panels installed
: Your energy bill is expected to be $200 next month (month 1) and is expected to grow at 0.5% per month for the foreseeable future (aka forever). You read recently that installing solar panels on your roof will reduce your energy bill by 25% (so month..
|
|
Examine differences between reactive and proactive policing
: Examine the differences between reactive and proactive policing. Summarize the broken windows theory, and explain how it has affected policing
|
|
Under generally accepted accounting principles
: Just as a house has rooms, a company has departments. These can be internal or external. These departments may be significant enough to have individual investor impact. If this is the case, they must be reported.
|