Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you purchased a machine for $1.16 million three ye

You purchased a machine for $1.16 million three years ago and have been applying straight-line...

90.2K

Verified Solution

Question

Finance

image

You purchased a machine for $1.16 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 38%. If you sell the machine today after three years of depreciation) for $724,000, what is your incremental cash flow from selling the machine? Your total incremental cash flow will be $ (Round to the nearest cent.)

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

Geometry
1.2K views

Determine if each statement must be true, could possibly be true, or definitely can't be...

Finance
1.2K views

Hodgkiss Enterprises has gathered projected cash flows for two projects. Year Project I Project J 0 -269,000 -269,000 1 113,100 96,400 2 106,800 100,900 3 90,800 102,900 4 79,800 109,900 At what interest rate would...

Medical Sciences
1.2K views

Animal Physiology Question 1. Smooth muscle, like striated muscle, utilizes Ca2+ as a signal molecule that can...

Finance
1.2K views

From the following information calculate the price of the stock. The stock will pay its first...

Chemistry
1.2K views

Why is it possible for more than one mechanism to be consistent with the experimentally determined...

Electrical Engineering
1.2K views

1. Design 3rd order ideal low pass filter H(s). Two poles are complex conjugates, and one...

Geometry
1.2K views

Write an equation in vertex form of the parabola that has the same shape as...

Accounting
1.2K views

Lopez Sales Company had the following balances in its accounts on January 1,...

Accounting
1.2K views

QUESTION 2 (20 Marks) 21) Table 2 1 shows a financial statement for Syarikat Sinar...

Accounting
1.2K views

What actions can management take to improve the direct labor efficiency variance?

Accounting
1.2K views

The Milken Company is offering you an investment that promises you $10,000 at the end...

Accounting
1.2K views

Explain how research and development activities should be shown in the financial statements and give...