Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a cost recovery. richardses' tree farm, inc. purch

a Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $93,000....

80.2K

Verified Solution

Question

Finance

image
a Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $93,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, I was used for the depreciation schedule, what is the afor-tax cash flow from the sale of the trimmer (uso a 40% tax rato) a, the sales price was $32,000? b. the sales price was $29,053.20? C. the sales price was $20,000? Data table + MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table a. If the sales price is $32,000, what is the after-tax cash flow (Round to the nearest cent) Fuck Year 1 2 3 4 5 0 7 8 3-Year 33.33% 44.45% 14,81% 7.41% 5-Year 20.00% 32.00% 10.20% 11.52% 11.52% 5.76% 7.Year 14.29% 24 49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% 10 Year 10.00% 18.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 8.55% 6.55% 3.28% 10 11 Print Done Help me solve this Gel View an example

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