Find out what is happening at the time of disposal

Reference no: EM13198930

A $150,000 asset has been depreciated with the straight-line method over an 8-year life. The estimated salvage value was $30,000. At the end of the 5th year the asset was sold for $90,000. From a tax perspective, what is happening at the time of disposal, and what is the dollar amount?

Reference no: EM13198930

Questions Cloud

Find the grade of the peak : From a base elevation of 8300 feet, a mountain in colorado rise to summit elevation of 14, 869 ft over a horizontal distance of 15,842 ft. Find the grade of the peak.

How many servings of fruit should dale eat : How many servings of fruit should Dale eat on Saturday to average at least 5 servings per day for the week?

Find the circumference of the ferris wheel : The world's tallest ferris wheel is in osaka, japan, and stands 369 feet tall. its wheel has a diameter of 328 feet. find the circumference of the ferris wheel.

What is the depletion allowance for years : American Pulp Corp (APC) has entered into a contract to harvest timber for $450,000. The total estimated available harvest is 150 million board-feet. What is the depletion allowance for years 1 to 3, if 42,45.

Find out what is happening at the time of disposal : The estimated salvage value was $30,000. At the end of the 5th year the asset was sold for $90,000. From a tax perspective, what is happening at the time of disposal, and what is the dollar amount.

Explain techniques to effective writing and speaking skills : Identify at least three errors affecting truth and validity in the arguments for your topic.2 Summarize the speps you completed whild evaluating both sides of your topic

How long does it take train b to catch up to train a : Train A leaves a station traveling at 64 kilometers per hour. Two hours later, train B leaves the same station traveling in the same direction at 84 kilometers per hour. How long does it take train B to catch up to train A?

Find the longest of the real-life distances : A triangle drawn on a map has sides of lengths 7.0 cm, 10 cm, and 14 cm. The shortest of the corresponding real-life distances is 124 km. Find the longest of the real-life distances. Round to the nearest unit

Calculate the hight of the ballon : the angle of elevation from r to the ballon ios 52 degrees,the distance from r to the ballon is 420 metres and the distance from s to the ballon in 370 metres. calculate the hight of the ballon.

User Account

All Pages