Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question no 2 mark and co. are selling a machine t

Question no 2 Mark and co. are selling a machine they acquire at the cost...

70.2K

Verified Solution

Question

Finance

image
Question no 2 Mark and co. are selling a machine they acquire at the cost of $500,000; the freight and installation charges were $50000. The useful life of the machine was assumed to be ten years. However, the machine is being sold after five years of acquisition owing to high energy consumption. The selling price of the machine is $300,000. The machine is deprecated at a straight-line method; the tax rate is 30%; please answer the following questions. 1. What is the depreciable basis? ii. What is the book value of the machine after five years? iii. What is the after-tax cashflow from this transaction

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Define Virtue Ethics, Utilitarianism and Universal Ethics. Does it affect your Core Values and Ethics? Can...

Psychology
Q

Which of the seven memory errors presented by Schacter have you committed? Provide an example of...

Psychology
Q

Question 5 a) Draw the circuit of a Three-phase bridge inverter using a Y-connected load and explain...

Electrical Engineering
Q

The following letter has been issued by the CEO of   Pharma One Company to confirm accepting...

General Management
Q

Reporting of Equity in Consolidation Paris Cosmetics purchased all of the of the ordinary shares of...

Accounting
Q

1 When two sides of a right angle triangle are known the best way to...

Basic Math
Q

Tom is selling t-shirts and finds that if he sells them for d dollars each,...

Basic Math
Q

10 10 Sketch the region whose signed area is represented by the definite integral and...

Calculus
Q

Falcon Inc. Complete an analysis and report for Case 15-2, Falcon Inc. Please include a...

Accounting
Q

please help Portsmouth Company makes upholstered furniture. Its...

Accounting
Q

Help Save & Exit Submit Check my work Problem 9.4A Accounts receivable transactions and bad...

Accounting
Q

help me!!! \begin{tabular}{lrrr|} & 2023 & 2024 & \multicolumn{2}{c|}{2025} \\...

Accounting