Calculate book value of an asset

Assignment Help Financial Management

Reference no: EM131025866

Reversing Rapids Co. purchases an asset for $159,660. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $13,869. Calculate book value of an asset. Round the answer to two decimals.

Reference no: EM131025866

Questions Cloud

Draw a diagram and find out equilibrium price and quantity : Draw a diagram and find out the equilibrium price and quantity. Suppose the government sets a price ceiling of $11. What will be the effect of such a policy: a shortage or a surplus of how much

Determine the power loss due to hysteresis : At a frequency of 60 Hz, the core loss of a certain coil with an iron core is 1.8 W, and at a frequency of 120 Hz, it is 5.6 W. The peak flux density is the same for both cases. Determine the power loss due to hysteresis and that due to eddy curre..

Recording budget and ending fund balances : Recording Budget and Ending Fund Balances. The following is provided about the Town of York's General Fund operating statement and budgetary accounts for the fiscal year ended September 30, 2016. Prepare the journal entry to record the budget.

Find flux density and energy stored in air gap as function : A certain iron core has an air gap with an effective area of 2 cm×3 cm and a length lg. The applied magne to motive force is 1000 A· turns, and the reluctance of the iron is negligible. Find the flux density and the energy stored in the air gap a..

Calculate book value of an asset : Reversing Rapids Co. purchases an asset for $159,660. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has..

Determine which two equations represent parallel lines : Anna has 12 bills in her wallet, some $5 and some $10. The total value of the bills is $100. How many of each bill does Anna have?

Statements is incorrect concerning stock indexes : Which one of the following statements is incorrect concerning stock indexes?

Some serious credit card debt : Your neighbor has gotten into some serious credit card debt, and currently owes $18,742 with an interest rate of 19% APR. Making the minimum payment of $413 per month, how long will it take to pay off this loan? Enter answer in months, to two decimal..

Find the power converted to heat because of hysteresis : Consider a coil wound on an iron core. Suppose that for operation with a given 60-Hz ac current, the hysteresis loop of the core material takes the form of a rectangle, as shown in Figure. The core volume is 1000 cm3. Find the power converted to h..

User Account

All Pages