Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ucation.com%2525 at 4 fall 2021 saved hubrey home

ucation.com%2525 at 4 Fall 2021 Saved Hubrey Home Inc. is considering a new three-year expansion...

70.2K

Verified Solution

Question

Accounting

image

ucation.com%2525 at 4 Fall 2021 Saved Hubrey Home Inc. is considering a new three-year expansion project that requires an initial fixed asset investment of $4.9 million. The fixed asset falls into Class 10 for tax purposes (CCA rate of 30% per year), and at the end of the three years can be sold for a salvage value equal to its UCC. The project is estimated to generate $2,750,000 in annual sales, with costs of $870,000. If the tax rate is 35%, what is the OCF for each year of this project? (Enter the answers in dollars. Do not round your intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) OCF1 OCF2. OCF3 $ $ $ Eces

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

Physics
1.2K views

190 Waves 22 If the tension and diameter of a sonometer wire of fundamental frequency...

Basic Math
1.2K views

For the following game a 10 pts Which of Player 1 s strategies w x...

Basic Math
1.2K views

Find sin 2x cos 2x and tan 2x if sinx sin 2x cos2x tan 2x...

Basic Math
1.2K views

An object is launched from a platform. Its height can be modeled by the equation...

Basic Math
1.2K views

Two rows of three cattle pens are going to be built using 400 meters of...

Calculus
1.2K views

7 What is the polar form of the given double integral in the Figure 1...

Algebra
1.2K views

Which equation is graphed 5 IL 2 2 3 4 5 6 2 65 4...

Accounting
1.2K views

Salvador Industries bought land and built its plant 20 years ago. The depreciation...

Accounting
1.2K views

[The following information applies to the questions displayed below.] The following information is...

Accounting
1.2K views

Bam! Board Corporation is a company that manufactures and sells bodyboards. On 1/1/23, the company...

Accounting
1.2K views

2. What was the amount of raw materials used in production during July 2020? *...

Accounting
1.2K views

IF YOU LOOK CLOSELY, THERE ARE CHECK FIGURES AT THE BOTTOM OF THE SECOND PAGE...