What is the book value of the machine

Assignment Help Financial Management

Reference no: EM131541403

Troy Industries purchased a new machine 3 years ago $80,000. It is being depreciated under MACRS with a 5- year recovery period using the percentages in Table 4.2 on page 117. Assume 40% tax rate.

a. What is the book value of the machine?

b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $100,000; $56,000: $23,200; and $15,000

Reference no: EM131541403

Questions Cloud

What is our investor tax on the exchange : What is our investor's tax on the exchange?

Seasonal working-capital needs with short-term bank loan : Paymaster Enterprises has arranged to finance its seasonal working-capital needs with a Short-term bank loan.

Calculator method to compute exact yield to maturity : use the calculator method to compute the exact yield to maturity.

What risks may investor who holds these bonds be exposed : What risks may an investor who holds these bonds be exposed to? briefly describe how each of them relates to the bond's value/

What is the book value of the machine : Troy Industries purchased a new machine 3 years ago $80,000. What is the book value of the machine?

The inventory holding cost and turnover ratio calculations : The Inventory holding cost and Turnover Ratio calculations must be performed in Excel using a formula

Write wfa that allows user to enter positive number : Write a Windows Forms application (WFA) in C# that allows the user to enter a positive number. Then, when a button is clicked, executea for loop which displays.

What is the NPV of project in best-case scenario : Assume that depreciation is straight-line to zero over the life of the project. What is the NPV of the project in best-case scenario?

Write a windows forms application : Store ten basketball player names and their and their points scored in the last game in a text file such as Notepad. There will be one score per player.

User Account

All Pages