Calculate tax paid on gain on disposal

Assignment Help Financial Management
Reference no: EM131488100

Genetic Insights Co. purchases an asset for $12,286. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $3,181. C

Calculate tax paid on gain on disposal. Round the answer to two decimals

Reference no: EM131488100

Questions Cloud

What rate of return does your loan earn : (Solving for r of an annuity) You lend a friend $30,000, which your friend will repay in five equal annual end-of-year payments of $10,000.
What must be done before jack can claim the exemption : ACCT 323 7980 INCOME TAX I (Spring 2017) FINAL EXAMINATION. What must be done before Jack can claim the exemption
How much does she have to deposit each time : (Compound annuity) Nina is planning to pay $50,000 for her master's degree 4 years from today. She wants to accumulate these funds through semi-annual equal.
What is loan amortization : (Loan amortization) On December 31, Son-Nan Chen borrowed $100,000, agreeing to repay this sum in 20 equal end-of-year installments at 15 percent interest.
Calculate tax paid on gain on disposal : Genetic Insights Co. purchases an asset for $12,286. Calculate tax paid on gain on disposal.
What is the dividend yield and expected capital gains yield : What is the expected capital gains yield? What is the dividend yield?
How much will your investment be worth at the end of years : (Spreadsheet problem) If you invest $900 in a bank in which it will earn 8 percent compounded annually, how much will your investment be worth at the end of 7.
Pros and cons of the issue with a focus on business issues : discuss the pros and cons of the issue with a focus on business issues.
How much should her monthly deposits be : (Compounding) Maria wants to sponsor her son for high school. She plans to withdraw $2,000 at the beginning of each year for 10 years, from a special account.

Reviews

Write a Review

Financial Management Questions & Answers

  What is the companys current marginal tax rate

Select a major industrial or commercial company based in the United States and listed on one of the major stock exchanges in the United States. Each student should select a different company. What is the company's current marginal tax rate? What is t..

  What is enigmas cash flow from operations

Enigma has the following financial information: Net Income $70,000 Taxable Income (EBT) $100,000 Interest Expense $20,000 Depreciation Expense $15,000 Tax Expense $30,000 Increase in Current Assets $20,000 Increase in A/P and Accruals $10,000 Decreas..

  Find alternatives to environmentally harmful energy sources

An effort to find alternatives to environmentally harmful energy sources, the U.S. Department of Energy established a Renewable Energy Biomass Program to encourage the development and improvement of technology for: Due to cultural beliefs about the n..

  What is the impact of this on the stock price

On May 31 a company's stock price is $70. One million shares are outstanding. An executive exercises 100,000 stock options with a strike price of $50. -  What is the impact of this on the stock price?

  Received an inheritance and wants to invest a sum of money

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,200 at the end of each of the next 10 years.

  Option has a better financial net present value

If a teacher decides to sell hs own textbook. It will retail at $275 for a new book, and he will receive a 45% royalty for each book sold. However, he will have to pay the publisher an upfront one-time book processing charge of $37,000. If the teache..

  Borrowed some money at eight percent per annum

You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 139 (first payment made at t = 1), followed by five annual payments of $ 413 , followed by four annual payments of $ 715 . How much did you borrow..

  The net effect of declaring and paying dividend would be to

At the quarterly meeting of Tangshan Mining Corporation, held on September 10th, the directors declared a $1.00 per share dividend for the firm’s 100,000 shares of common stock outstanding. The net effect of declaring and paying this dividend would b..

  Finance business expansion with short term debt

If the yield curve is downward sloping short-term interest rates are higher than long-term rates. Why might a borrower still choose to finance a business expansion with short term debt?

  How differential price or earnings ratios reflected

Explain and illustrate how differential price/earnings ratios reflected in the terms of mergers result in increases or decreases in earnings per share of the merging firms.

  Validity of comparative ratio analysis be questionable

Under what circumstance might the validity of comparative ratio analysis be questionable? Answer this question in general, not just for Mark X data to illustrate your points

  Estimate investments in net working capital

Which are two primary ways to estimate investments in net working capital in the operating period of the investment project?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd