User Account

All Pages

What is the tax noah will pay on the sale of the machine

Assignment Help Accounting Basics
Reference no: EM132601563

Question - Noah bought a machine for $175,000, depreciated it $27,786, and sold it for $259,100. Noah's marginal tax rate is 32%. What is the tax Noah will pay on the sale of the machine?

Reference no: EM132601563

Questions Cloud

Find the company total variable cost per unit : Find the company's total variable cost per unit and its total fixed costs per year. (Remember that this is a manufacturing firm.)
What is her depreciable basis for depreciating the equipment : Meredith has decided to begin a new jewelry manufacturing trade or business. What is her depreciable basis for depreciating the equipment
Define how the concept of conscious culture fits : Explain the differences between a group and team. Then, discuss the stages of group and team development as it applies to groups in your workplace.
Determine the trader total gains or losses : Assume an investor takes a long position in 2 September KLSE CI futures contract on 17th July. The futures contract price
What is the tax noah will pay on the sale of the machine : Noah bought a machine for $175,000, depreciated it $27,786, and sold it for $259,100. What is the tax Noah will pay on the sale of the machine
Conduct research using digital library : Conduct research using digital library and Internet to compose essay that includes. An explanation of how supply chain management has evolved throughout time.
Determine the trader total gains or losses : a. Determine the trader's total gains or losses. b. How much does the trader pay (if any) for "margin call"?
Record the entry that EasyMoney should make : Record the entry that EasyMoney should make in the General Journal on August 15, 2019 to record the declaration of the dividend
Discuss and compare hedging transaction exposure : Discuss and compare hedging transaction exposure using the forward contract vs. money market instruments.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the maximum increased advertising cost

What is the maximum increased advertising cost the company can incur and still report the same income as before the advertising expenditure

  Prepare adjusting journal entry to record interest expense

Cullumber Inc. issues $3,000,000, 5-year, 8% bonds at 102, Prepare the adjusting journal entry to record interest expense and bond premium amortization

  Calculate the ending inventory at cost

Marigold Inc. had beginning inventory of $20,400 at cost and $30,700 at retail. Net purchases were $158,000 at cost and $212,000 at retail.

  Compute depreciation for each year

Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method

  If there is a firm with assets that will convert to cash in

if there is a firm with assets that will convert to cash in the next 12 months in excess of its obligations to pay cash

  Estimate of the company net operating income in a month

Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $112,000

  What is steering committee

What is a steering committee and what role can they play in planning for the acquisition of new computers. What initial actions should this new committee take?

  The trucks will have a useful life of seven years to raise

the diamond freight company has been offered a seven-year contract to haul munitions for the government. because this

  What are the purposes of accounting codes

What are the purposes of accounting codes? How are they used? What are some examples of codes used by manufacturing firms, accounting firms, and merchandising firms?

  The wexler company is considering the purchase of a new

the wexler company is considering the purchase of a new machine costing 250000. this machine is estimated to cost 5000

  Crone enterprises uses a word processing computer to handle

crone enterprises uses a word processing computer to handle its sales invoices. lately business has been so good that

  Estimate of the company cost of equity

If the stock currently sells for $65, what is your best estimate of the company's cost of equity?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd