Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the machinery costs $200,000, and is to be depreci

The machinery costs $200,000, and is to be depreciated using the MACRS, as a 5...

70.2K

Verified Solution

Question

Finance

The machinery costs $200,000, and is to be depreciated using the MACRS, as a 5 year asset. This company uses tax rate of 34% for studies, and the machine is in use for 10 years.

If the machine is sold for $80,000 in the 4th year,

Note that there are multiple questions based on this problem.

How much is the loss(-) or gain(+) from the sale?

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

Statistics
1.2K views

The quality control manager at a computer manufacturing company believes that the mean life of a computer...

General Management
1.2K views

Select a HEDIS measure. Identify which types of health care organizations must meet this measure, what...

Biology
1.2K views

Blindness to reduce bias def when the subject the evaluator or both double blind do...

Biology
1.2K views

A specific genetic trait is selected against What will be the likely impact on an...

Biology
1.2K views

Give the scientific name of a dioecious fluke and tell me the evidence you used...

Geometry
1.2K views

D A y f x 2 y f x 1 3 y f x 1...

Accounting
1.2K views

A controller must consider many factors to assist in the determination of capital asset expenditures....

Accounting
1.2K views

Please fill in the blank spaces with the missing numbers

Accounting
1.2K views

Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The...

Accounting
1.2K views

Q10 (10%) (Do It 24-4) Wayne Company is considering a long-term investment project called ZIP....

Accounting
1.2K views

Susan takes the exam. There are three multiple-choice questions she doesn't know which answer is...

Accounting
1.2K views

Klumper Corporation is a diversified manufacturer of industrial goods. The companys activity-based costing system contains...