What is the depreciation expense in year 3

Assignment Help Financial Accounting
Reference no: EM132440494

ABC Company purchased a 3-year MACRS property for $52,627 3 years ago. What is the current book value of this equipment? The MACRS allowance percentages are as follows, starting with year one: 33.33, 44.45, 14.81, and 7.41 percent.

A project requires $51,902 of equipment that is classified as a 7-year property. What is the depreciation expense in Year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent?

A project requires $36,091 of equipment that is classified as a 7-year property. What is the depreciation expense in Year 3 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent?

A project has an initial requirement of $155,275 for new equipment and $9,999 for net working capital. The installation costs are expected to be $19,919. The fixed assets will be depreciated to a zero book value over the 4-year life of the project and have an estimated salvage value of $132,380. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $86,527 and the cost of capital is 7% What is the project's NPV if the tax rate is 37%?

ABC, Inc. is considering the purchase of new equipment. The annual sales are expected to be $977,181, the annual variable costs are expected to be $90,753, the annual fixed costs are expected to be $85,387, the annual depreciation expenses are expected to be $127,054. Assuming a tax rate of 35%, what is the operating cash flow?

Reference no: EM132440494

Questions Cloud

What is the mission of us government accountability office : What is the mission of the US Government Accountability Office? What role does the GAO play in government?
How culture communicates identity based on sexuality : how culture influences and communicates identity based on Sexuality and the television show: The Americans
Prepare journal entries to record the purchase of the bonds : Prepare journal entries to record the purchase of the bonds, each interest payment, the partial sale of the investment on January 1, 2021
What are the average total assets : Using the Annual Report of a publicly-traded company of your choosing, answer the following questions in this discussion.
What is the depreciation expense in year 3 : What is the depreciation expense in Year 3 given the following MACRS depreciation allowances, starting with year one:
Discuss the exporting Hemp oil to Germany : Discuss the exporting Hemp oil to Germany?what is it ? what is used for?s the Hemp oil is success in United states , and also prove from Germany that is in high
Asset management ratios and profitability ratios : You should have a total of six ratios for each stock, per year. What challenges, strengths, or weaknesses do you see?
Calculate the value of the mortgage : Using the calculation from the tables, record Blue Spruce Corporation's journal entries on January 1, 2020, for each of the purchases
Discuss the relationship between consumers and providers : Discuss The potential benefits of these advances are enormous.Discuss fundamentally alter the relationship between consumers and providers

Reviews

Write a Review

Financial Accounting Questions & Answers

  Other comprehensive income and accumulated

Other Comprehensive income and Accumulated Other comprehensive income are the result of political compromises in the standard setting process rather than good accounting. Discuss

  Prepare the journal entries related to the contract

Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to compete with Burger King. The contract spans eight months. Burger Boy promises to pay $54,000 at the beginning of each mont..

  Condensed income statement

The condensed income statement for the year ended December

  Dupont analysis-return on assets

Dupont Analysis: Company A and Company B each had a return on assets (ROA) of 5.2% in 2015. However Company B's return on equity (ROE) is twice as high as Company A's ROE.

  Stiglers lsquoprivate interest theory proposes that

stiglers lsquoprivate interest theory proposes that regulatory bodies are made up of individuals who are

  How the theory applies to accountants in the deployment

Explain why you think the model you selected is most appropriate for accountants to stay within the realm of ethical behavior.

  Summary income statement and balance sheet

summary income statement and balance sheet numbers for a firm - Calculate the following numbers - Use beginning-of-period balance sheet numbers in denominators

  Corporations alike with respect to the fiscal year election

Ann is the sole shareholder of Salmon Corporation, a newly formed C corporation. Fran is the sole shareholder of Scarlet Corporation, a newly formed C corporation that is a personal service corporation. Both Ann and Fran plan to have their corporatio..

  Payment for inventory purchased from its japanese vendor

Prepare general journal entries to record the purchase and payment for inventory purchased from its Japanese vendor.

  Why might a taxpayer wish to elect out of the new exclusion

Why might a taxpayer wish to elect out of the new exclusion on the sale of residence?The response should be hand-written, double-spaced and in APA format.

  Question evaluating break-even sales and sales needed to

question evaluating break-even sales and sales needed to earn a target operating income graphing cvp relationships

  Prepare a balance sheet for the street and highway fund

Prepare a Balance Sheet for the Street and Highway Fund as of December 31, 2017. Assume any unexpended net resources are classified as Restricted Fund Balance

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