Find the net cash flow after tax resulting from the sale

Reference no: EM13212802

On March 18, 2024 the Happydale Farm buys a new tractor that costs $17831 but it also costs $1424 for delivery and $3123 for the cultivating implements that are needed to make this ready for service. It is put into service on March 22, 2024 and it will be used until September 6, 2028 when it will be sold for $8571. Advertising and selling expenses to dispose of this old tractor and implements are $596 in 2028. Find the net cash flow after tax resulting from the sale of this used tractor in the year 2028 if the capital gains tax rate is 14 percent. The IRS classifies this tractor in the 7 year MACRS category and it is to be depreciated using normal (accelerated) depreciation. (Express your answer in dollars to the nearest cent and do not include non-numeric characters.) The Net Cash Flow after tax from the Salvage Value =

Reference no: EM13212802

Questions Cloud

Determine the thermal efficiency and the mep : compare it with efficiency of an otto cycle operating with the same maximum pressure?

How european euro crisis affects american businesses : Evaluate the relationship between the European Euro crisis in 2012 and the American economy. Assess how this affects American businesses and decisions made by mangers related to sustainable profitability. Provide examples with your response.

Compute the energy released as heat : Calculate the energy released as heat when 26.83 g of Cu2O(s) undergo oxidation at constant pressure.

What is the velocity in the 4-inch pipe : Water at 150C flows in 1½-inch Sch 40 steel pipe with a flow velocity of 2.86 m/s. The pipe expands to 4-inch Sch 40.

Find the net cash flow after tax resulting from the sale : On March 18, 2024 the Happydale Farm buys a new tractor that costs $17831 but it also costs $1424 for delivery and $3123 for the cultivating implements that are needed to make this ready for service. It is put into service on March 22, 2024

Explain the ph of the resulting not a simple buffer solution : solution of a weak monoprotic acid, pKa 2.346, is mixed with 37.3 ml of 0.0832M sodium hydroxide. What is the pH of the resulting not a simple buffer solution?

Determine how much load this boat can carry without sinking : The hull of a boat has a volume of 150 m3, and the total mass of the boat when empty is 8560 kg. Determine how much load this boat can carry without sinking (a) in a lake and (b) in seawater with specific gravity of 1.03.

What volumetric flow rate of fuel gas is required : What volumetric flow rate of fuel gas is required if there are no heat losses to the surroundings?

How is the technology utilized effectively : How is the technology utilized effectively or ineffectively? What are some barriers to more effective usage, and what are some recommendations you would make to overcome these barriers?

User Account

All Pages