Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. plz explain you purchased a machine for $1.12 mil

plz explain You purchased a machine for $1.12 million three years ago and have...

80.2K

Verified Solution

Question

Finance

image

plz explain

You purchased a machine for $1.12 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 35%. If you sell the machine today (after three years of depreciation) for $732,000, what is your incremental cash flow from selling the machine? Your total incremental cash flow will be $. (Round to the nearest cent.)

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

Calculus
1.2K views

Evaluate the determinant of the matrix A 30 9 10 23

Algebra
1.2K views

Problem 1 Find the exact values of the other five trigonometric functions of t by...

Algebra
1.2K views

ich of the polynomial functions in the list might have the given graph Circle all...

Accounting
1.2K views

4. (15 pts) Assume the same facts in problem number 3 above, except...

Accounting
1.2K views

An investor gathers the following data on three newly-issued bonds: 1-year government bond, 3.0% yield...

Accounting
1.2K views

Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an...

Accounting
1.2K views

Dividends on Preferred and common stock Yosemite Bike Corp, manufactures mountain bikes and distributes them...

Accounting
1.2K views

Use Excel 1 Create an adjusted trial balance. Use very few accounts 3 asset, 2...

Accounting
1.2K views

1. Information from accounting records is important for making business decisions. What are some examples...

Accounting
1.2K views

Check my work On November 1 of Year 5, you were hired as the treasurer...

Accounting
1.2K views

What would I use the accounting and tax database for

Accounting
1.2K views

Lihue, Inc., applies fixed overhead at the rate of $2.60 per unit. Budgeted fixed overhead...