What is the cash flow from disposal

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Reference no: EM131176574

Reversing Rapids Co. purchases an asset for $169,585. 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 $12,033, what is the cash flow from disposal? Calculate gain or loss on disposal. Gain should be entered as a positive number. Loss should be entered as a negative number. Round the answer to two decimals.

Reference no: EM131176574

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What is the cash flow from disposal : Reversing Rapids Co. purchases an asset for $169,585. 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. what is the cash flo..

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