Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a company is thinking to sell an asset since it wi

A company is thinking to sell an asset since it will be replaced by a...

80.2K

Verified Solution

Question

Finance

A company is thinking to sell an asset since it will be replaced by a higher capacity one. The estimated sale price of the asset is $300,000 while the asset has depreciated to the salvage value of $500,000. If the company has the marginal tax rate of 35%, what is the tax implication of the sale of this asset?

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

Geometry
1.2K views

Consider the function f x 2x 3x 36x 54 a Find the first derivative f...

Basic Math
1.2K views

2. Blood pressure is independent of the blood group. We want to know, if the distributions...

Biology
1.2K views

Select the term or terms that correctly completes the statements A When the swallowing reflex...

Biology
1.2K views

In the term survival of the fittest the fittest generally refers to O O Those...

Physics
1.2K views

What is the best coefficient of performance for a heat pump with a hot reservoir...

Basic Math
1.2K views

Officials begin to release water from a full man made lake at a rate that...

Basic Math
1.2K views

Use the echelon method to solve the following system of two equations in two unknowns....

Accounting
1.2K views

Bluff approved a 4-year project that requires an initial investment of $48 million for the...

Accounting
1.2K views

Which of the following is a condition that must be met for revenue to be...

Accounting
1.2K views

? Requlred Information [The following information applies to the questions displayed below.] ...

Finance
1.2K views

Joy Bell has run Helping Hand Maids,a specialty cleaning service for medical and dental offices,...

Finance
1.2K views

Given the opportunity to invest in one of the three bonds listed below, which would...