Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. use the table below to answer this question. macrs

Use the table below to answer this question. MACRS 5-year property Year Rate 1 20.00%...

80.2K

Verified Solution

Question

Finance

Use the table below to answer this question. MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% Ronnie's Custom Cars purchased some fixed assets two years ago for $85,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $44,500 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent? $37,693.20 $44,500.00 $40,800.00 $34,363.92 $43,242.00

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

Q

What are the difference between ethics and morality? Whey these two concept are important particularly in...

Operations Management
Q

Derive the small-signal model for the buck-boost converter. Then further derive Gvu(s) and Gvd(s).

Electrical Engineering
Q

In 200 words or more, Should compensation adjustments be based on market movement, meritorious performance, or...

General Management
Q

Terms of a lease agreement and related facts were: The lease asset had a retail cash...

Accounting
Q

A heat engine operating between energy reservoirs at 20C and 590 C has 32 %...

Physics
Q

Solve the triangle if a 18 m b 34 m and c B Y 0...

Geometry
Q

Mary Branson invested her summer earnings of 5000 in a savings account for college The...

Basic Math
Q

Two times Antonio s age plus three times Sarah s age equals 34 Sarah s...

Statistics
Q

Calculate the derivative y sin 2x in sin 2x y 4 cos 2x In sin...

Calculus
Q

Melancholic Company uses a standard cost accounting system to account for the manufacture of exhaust...

Accounting
Q

following 18

Accounting
Q

On July 31, 2020, Crane Company paid $2,950,000 to acquire all of the common stock...

Accounting