What is the cash flow from disposal

Assignment Help Financial Accounting
Reference no: EM132960060

Question - A firm with a 20% tax rate purchases an asset for $150,000. This asset qualifies as a five-year recovery asset under MACRS. If the asset is sold at the end of four years for $40,000, what is the cash flow from disposal?

Reference no: EM132960060

Questions Cloud

Hippocratic oath-physician : Hippocratic Oath/Physician's Creed and watch Ethics in Grey's Anatomy and answer the following prompt.
What was the occupancy rate : In 2009, Hospital ABC had ALOS of 6.9, 453 beds, and 21,000 discharges. What was the occupancy rate in 2009
Explain what the firm does and its objectives : Relevant concepts of Michael Hill International Ltd: Overview: Briefly describe the firm. Explain what the firm does and its objectives
What is the fixed rate on the swap : A corporation enters into a $20 million notional principal interest rate swap. What is the fixed rate on the swap
What is the cash flow from disposal : This asset qualifies as a five-year recovery asset under MACRS. If the asset is sold at the end of four years for $40,000, what is the cash flow from disposal
Should rb mart get the loan and pay mc wholesalers : RB Mart obtained P50,000 worth of merchandise from MC Wholesalers based on terms of 2/10-N-30. Should RB Mart get the loan and pay MC Wholesalers
Can big data and data analytics be used to bring clarit : Can big data and data analytics be used to bring clarity to decision making, or can they be deployed to reinforce preexisting human biases
Analyze financial and economic issue in health care industry : Write a 900 word paper in which you analyze a financial and economic issue in the health care industry. What are the economic trends of the health care payment
Whole foods market-a luxury grocer in detroit : Rationale for Recommended Action: Why is this an appropriate course of action and what is your justification for this action?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What would the year-end entry

A machine was purchased for $28,000 and had an estimated scrap value of $4,000. What would the year-end entry be if the units of-production method was used, and it had an estimated life of 32,000 hours? In the first year of operation, it used 7,20..

  Find and provide journal entries to account for revaluation

On 1 July 2020, it is decided to revalue the asset to its fair value of $150 000. Provide journal entries to account for the revaluation.

  What is carrying amount of the investment in equity security

PINKY, INC, In the December 31, 2017, statement of financial position, what is the carrying amount of the investment in equity securities?

  Describes the earned income credit

Which of the following correctly describes the earned income credit?

  Describe the appropriate means of reporting each situation

Describe the appropriate means of reporting each situation and explain reasoning. Western Manufacturing is involved with several potential contingent liability

  Identify any problem experienced by serena

Compare the two options by preparing the pro forma statement of financial position for the year 2019. Assume all the elements in the pro forma

  Make the allocation of the first two monthly payments

Prepare a partial amortization table showing the original balance of this loan, and the allocation of the first two monthly payments

  What would be the approximate after-tax cost of debt

The yield to maturity on this issue is 10%. The corporate tax rate is 21%. What would be the approximate after-tax cost of debt for a new issue of bonds

  Consumer receives loan from financial institution

When a consumer receives a loan from a financial institution, the consumer will be charged an origination fee. After reading and learning many aspects about the banking industry, do you believe origination fees and other fees are necessary to charge?..

  Determine how much cash will increase

Depreciation Expense is $54,000. Use this information to determine how much cash will increase (decrease) during the month of March

  Why do need to understand financial management

If you have no intention of becoming a financial manager, why do you need to understand financial management? What are the advantage issuing bond?

  Insured personal casualty losses

insured personal casualty losses (arising from one casualty). Wally also had $42,000 AGI for the year before considering the casualty.

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