Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the jones company has just completed the third yea

The Jones Company has just completed the third year of a five-year MACRS recovery period...

50.1K

Verified Solution

Question

Finance

image

The Jones Company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $301,000 a. What is the book value of the equipment? b. If Jones sells the equipment today for $183,000 and its tax rate is 35%, what is the after-tax cash flow from selling it? Note: Assume that the equipment is put into use in year 1. a. What is the book value of the equipment? The book value of the equipment after the third year is $ (Round to the nearest dollar.) b. If Jones sells the equipment today for $183,000 and its tax rate is 35%, what is the after-tax cash flow from selling it? The total after-tax proceeds from the sale will be $ (Round to the nearest dollar.)

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

Programming
1.2K views

I'm supposed to create a c++ program which is supposed to take a sentence as an...

Psychology
1.2K views

Discuss the development of the Mexican DTOs. What are the current major DTOs and why are...

Mechanical Engineering
1.2K views

You graduated as a mechanical engineer five years ago, taking a job as a trainee engineer...

Biology
1.2K views

In Drosophila melanogaster, the black body (b*) is recessive to the gray body (b*), purple...

Basic Math
1.2K views

One of the following number doesn t denote to negative correlation coefficient O a 0...

Calculus
1.2K views

Evaluate the definite integral 3 3 1 18 In x 5 X 18 In x...

Algebra
1.2K views

You are shown a graph of two lines that intersect once at the point equation,...

Accounting
1.2K views

On the basis of the following data, what is the estimated cost of the inventory...

Accounting
1.2K views

36 Question 36 Expenses associated with tax-exempt income are deductible under the...

Accounting
1.2K views

6)Explain legislation and statutory requirements and industry codes of practice including(Australia): -Consumer credit code -Privacy...

Accounting
1.2K views

can i get the correct answer Required...

Finance
1.2K views

ABC Company is re-evaluating its debt level. Its current capital structure consists of 77% debt...