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What is the after-tax cost of the computers

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Reference no: EM132554196

Question - In August, 2017 Jimbo Corporation (a calendar year corporation) purchased used computer equipment for $865,000, the only assets Jimbo purchased this year. Jimbo Corporation used a 21% tax rate and a discount rate of 6% for evaluation.

A) Assuming Jimbo elected to expense $510,000 under Section 179, what was the after-tax cost of the computers?

B) If Jimbo purchased the computer equipment in 2019 and elected to expense the entire $865,000 under Section 179, what is the after-tax cost of the computers?

Reference no: EM132554196

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