What is the after tax salvage value of the old van

Assignment Help Financial Management

Reference no: EM132027449

Theodore's Adventures bought a special van two years ago for $65,000. At the time, the accountants told Theodore to depreciate the table using straight-line depreciation over four years.

Now there is a new and improved travel van out that Theodore would like to buy, but he can get only $20,000 for the old Van. Theodore's is in the 35% tax bracket.

What is the after tax salvage value of the old van?

Reference no: EM132027449

Questions Cloud

What is the most important segment of a cash flow statement : Compare and contrast the balance sheet, income statement, and cash flow statement. What is the most important segment of a cash flow statement? Why

Do you know what carried interest is : Do you think it is appropriate to have a different rate for Capital Gains, that is lower than the tax rate for ordinary income? Why or why not?

What was the present worth of the tax impact on selling : If the truck was sold for $4,500 in 2014, what was the present worth of the tax impact on selling of the car?

Find all values of for which the rocket height : A model rocket is launched with an initial upward velocity of 201f(t)/(s) . The rocket's height (in feet) after seconds is given by the following.

What is the after tax salvage value of the old van : Now there is a new and improved travel van out that Theodore would like to buy, but he can get only $20,000 for the old Van. Theodore's is in the 35% tax bracke

Journalize any required enteries : Question - Accounting principles for inventory and applying the lower-of-cost-or-market value. Journalize any required enteries

Briefly discuss how you address the problem : What do you think is the biggest hurdle when implementing the Markowitz portfolio selection model?

Exponents of variables in a polynomial : Define a polynomial. Which group of numbers are used as exponents of variables in a polynomial?

What is its bid ask percentage spread : And next, assume that a bank's bid rate on Euro is $1.45 and its ask rate is $1.47. What is its bid ask percentage spread?

User Account

All Pages