User Account

All Pages

Cmpute the total taxes resulting from the sale of the

Assignment Help Finance Basics
Reference no: EM13574604

Capital Gain (Loss) and Recapture of Depreciation. For each of the following cases, compute the total taxes resulting from the sale of the asset. Assume a 34 percent ordinary tax rate. The asset was purchased for $75,000 3 years ago and has a book value (undepreciated value) of $40,000.

(a) The asset is sold for $80,000.

(b) The asset is sold for $70,000.

(c) The asset is sold for $40,000.

(d ) The asset is sold for $38,000.

Reference no: EM13574604

Questions Cloud

A pie chart would be most appropriate with which of the : a pie chart would be most appropriate with which of the following tests? chi-square goodness-of-fit chi-square test for
Ferguson company purchased a depreciable asset for 100000 : ferguson company purchased a depreciable asset for 100000. the estimated salvage value is 10000 and the estimated
Rank these five projects in the descending order of : rand corporation is considering five different investment opportunities. the companys cost of capital is 12 percent.
The net income reported on the income statement for the : the net income reported on the income statement for the current year was 310000. depreciation recorded on fixed assets
Cmpute the total taxes resulting from the sale of the : capital gain loss and recapture of depreciation. for each of the following cases compute the total taxes resulting
Mitchell corporation bought equipment on january 1 2010 : mitchell corporation bought equipment on january 1 2010. the equipment cost 90000 and had an expected salvage value of
What is the difference between an ordinary capital and : what is the difference between an ordinary capital and section 1231 asset? why is this distinction important? what
Calculate a the unadjusted npv and b the certainty : certainty equivalent npv. rush corporation is considering the purchase of a new machine that will last 5 years and
Danford trucking purchased a tractor trailer for 147000 : danford trucking purchased a tractor trailer for 147000. danford uses the units-of-activity method for depreciating its

Reviews

Write a Review

Finance Basics Questions & Answers

  Assessing economic exposure

Alaska, Inc., plans to create and finance the subsidiary in Mexico which produces computer components at a low cost and export them to other countries. It has no other international business. The subsidiary will produce computers and export them t..

  What is the npv of the new gps system

What is the NPV of the new GPS system? (Round to the nearest dollar.)

  Should the new lease be accepted

If the store owner decided to bargain with the mall's owner over the new lease payment, what new lease payment would make the store owner indifferent between the new and old leases?

  What are total per unit variable costs

Variable material costs for a product are $5.43 per unit, and variable labor costs are $3.13 per unit.

  Identify the relationship between human resources

Identify the relationship between human resources and labor management relations and safety outcomes. Consider how efficient production and safe production are related. Also discuss other organizational factors that created a safer workplace at..

  Variable costs are 55 percent of sales depreciation on the

herrera music company is considering the sale of a new sound board used in recording studios. the new board would sell

  If the stock sells for 55 per share what is your best

if the stock sells for 55 per share what is your best estimate of cdbs cost of equity?stock in cdb industries has a

  Find the average annual rate of college-cost inflation

Using Rule of 72. In 1967, tuition, room, and board at a private college costs $3000. In 2007, the same services cost $48,000. Find the average annual rate of college-cost inflation, using the Rule of 72.

  Determine the net present value of the investment if the

an investment that costs 50000 will return 15000 operating cash flows per year for five years. determine the net

  Which of the following would make for the greatest increase

A portflio expected return is 12% its standard deviaiton is 20%, and the risk-free rate if 4%. Which of the following would make for the greatest increase in the portfolio's Sharpe ratio?

  Foreign exchange risks

What are the sorts of foreign exchange risk companies encounter when they deal internationally? It would be great if you could describe in detail with examples if possible.

  What are the covariance and correlation

Base on the following information; calculate the expected return and standard deviation of each of the stocks. Assume each state of the economy is equally likely to happen. What are the covariance and correlation between the returns of the two sto..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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