What is the current book value of these assets

Assignment Help Finance Basics
Reference no: EM13267218

Victor Inc purchased some fixed assets three years ago at a cost of $127,800. It no longer needs these assets, so it is going to sell them today at a price of $51,225. The assets are classified as a 5-year property for MACRS. The tax rate is 29%

What is the current book value of these assets?

What is the gain or loss on the sale of these assets?

What is the after-tax cash glow from the sale of these assets?

 

Reference no: EM13267218

Questions Cloud

What is the average power output of the space heater : At its highest temperature, a space heater has a resistance of 15.5 ?, What is the average power output of the space heater
Gui can take advantage of multiple threads : Describe one way in which a GUI can take advantage of multiple threads. Provide one (1) example of such advantages to support your response.
What is samsung unlevered beta : Samsung Inc has a beta of 1.35. The tax rate is 40%, and Samsung is financed with 30% debt. What is Samsung's unlevered beta?
Calculate the number of turns on the secondary coil : A typical wall outlet voltage is 120 volts in the United States. calculate the number of turns on the secondary coil of the adapter transformer
What is the current book value of these assets : Victor Inc purchased some fixed assets three years ago at a cost of $127,800. It no longer needs these assets, so it is going to sell them today at a price of $51,225. The assets are classified as a 5-year property for MACRS. The tax rate is 29%
Find the power flow per unit area : At some instant and location the electric field associated with an electromagnetic wave in vacuum has the strength 86.9 V/m. Find the magnetic field strength
What amount of gross profit did the company report : What amount of gross profit did the company report in its income statement for 2013?
What is the probability that the other is a girl : Your friends Alice and Bob have two children. You recall that one is a boy. What is the probability that the other is a girl Hint: Think carefully about the sample space.
What is the expected market price of the convertible : If the stock price increases to $73 per share and the premium stays the same, what is the expected Market Price of the convertible?

Reviews

Write a Review

Finance Basics Questions & Answers

  What birthday is kyle celebrating today

Kyle will make his first deposit into an account paying 1% monthly (and so compounded each month as well) in the amount of $1,127.5 one month from today, and he will continue to make an identical deposit each month up to and including the day he t..

  What fraction of the variance is idiosyncratic

Stock MPQ has a volatility of 25% and ?i = 0:7. The market has volatility of 15%.

  Questions regarding elements of net working capital

questions regarding elements of net working capital and What would you suggest to fix the problem and How would it work

  Describe ways alleviate a potential shortage for retirement

Briefly discuss why retirement planning is "nothing more than cash flow planning."Briefly discuss the ramifications for an individual with insufficient funds at retirement time. Describe ways to alleviate a potential shortage for retirement.

  Zero debt to successively higher levels of debt

If a tax paying company went from zero debt to successively higher levels of debt, determine why would you expect its stock price to rise?

  What is the objective of accounting standards

A sound foundation is necessary for success in any task from building a house to putting on make-up. In terms of U.S. Accounting Standards, it is also necessary to have a sound foundation, referred to as the conceptual framework. Let's discuss it ste..

  What is the amount of taxes the firm paid

Daniel's Fine Foods has revenue of $1,200,000. The firm has profit margins of 12%. Use the information below to build a complete income statement in proper form.

  Importance of pay structure and workplace satisfaction

What is the importance of pay structure and administration satisfaction in workplace?

  Description of dividend policy

Discuss the advantages, disadvantages, and types of firms (e.g. growth oriented, mature, etc.) that might be likely to adopt each type of the following dividend policies:

  Estimate what happens to the value of the portfolio

the gamma and vega of a delta neutral portfolio are 50 per $ and 25 per %, respectively. Estimate what happens to the value of the portfolio when there is a shock to the market casuing the underlying asset price to decrease by $3 and its volatilit..

  Make the journal entries to record the declaration

The new shares were distributed on December 10, 2013. Make the journal entries to record the declaration and distribution of the stock dividend.

  Which of the following bonds would have the largest percent

Assume that all interest rates in the economy decline from 10% to 9%. Which of the following bonds would have the largest percentage increase in price?

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