Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. fast cars is considering a project that requires $

Fast Cars is considering a project that requires $138,000 of fixed assets that are classified...

80.2K

Verified Solution

Question

Finance

Fast Cars is considering a project that requires $138,000 of fixed assets that are classified as 3-year property for MACRS. What is the book value of these assets at the end of year 3? The MACRS allowance percentages are as follows, commencing with year one: 33.33%, 44.45%, 14.81%, and 7.41%.

Group of answer choices

$10010.3

$10015.6

$10109.3

$10215.6

$10225.80

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

Q

A manager wishes to see if the time (in minutes) it takes for their workers to...

Statistics
Q

Find all solutions of the equation x^{5}=2

Advance Math
Q

A manufacturer of chocolate chips would like to know whether its bag filling machine works correctly...

Statistics
Q

Describe stages in biofilm formation and explain how, at the molecular level, bacterial cells within the...

Biology
Q

Research and describe the following :1. User Stories * What are they used for in the...

Programming
Q

Post Lab Questions: 1. Describe the underlying principle of VSEPR theory. 2. Explain why two compounds with...

Chemistry
Q

Question 1:Professor Handy measured the time in seconds required to catch a falling meter stick for...

Statistics
Q

From a long-term strategic standpoint, explain the core and distinctive competencies from ADT Security Services. Specifically describe...

General Management
Q

Suppose a product's revenue function is given by R(q)=-6q +700g.Find an expression for the marginal...

Basic Math
Q

A cow is tethered to one corner of a square barn 15 feet by 15...

Algebra
Q

Break-Even Sales and Sales to Realize Income from Operations For the current year ended October...

Accounting
Q

John Company could buy a machine that costs $72,000. It is estimated that it will...

Accounting