Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 15. the fortive corporation disposes a capital ass

15. The Fortive Corporation disposes a capital asset with an original cost of $180,000 and...

70.2K

Verified Solution

Question

Accounting

15. The Fortive Corporation disposes a capital asset with an original cost of $180,000 and accumulated depreciation of $111,000 for $56,000. Fortives tax rate is 40%. Calculate the after-tax cash inflow from the disposal of the capital asset.

A) $5,200

B) ($5,200)

C) $61,200

D) $69,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

For H2O, determine the specific volume at the indicated state, in m3/kg. (a) T = 480°C, p...

Physics
1.2K views

A uniform cubical crate is 0.575 m on each side and weighs 900 N. It rests...

Biology
1.2K views

You cross a true breeding white buffalo to a true breeding black buffalo All the...

Geometry
1.2K views

8 The flight path of a jet at takeoff makes an angle of 14 with...

Basic Math
1.2K views

Draw a number line with a bell curve drawn above it Show work calculating and...

Statistics
1.2K views

A sample of 22 participants took part in a hearing experiment Among other things the...

Statistics
1.2K views

According to the National Student Clearinghouse Research Center women now comprise 60 of enrollment in...

Accounting
1.2K views

Please solve ALL parts clearly and CORRECTLY! Please Please double check all work before submiting!...

Accounting
1.2K views

The following is information for Palmer Company. Use the above information to compute inventory turnover...

Accounting
1.2K views

Data Corp., a calendar-year corporation, purchased and placed into service office equipment during November of...

Accounting
1.2K views

Which of the following represents an event that indicates an assets book value may not...

Accounting
1.2K views

Use the formula for present value of money to calculate the amount you need to...