You purchased a robot for 200000 installed and you

Assignment Help Accounting Basics
Reference no: EM13578363

You purchased a Robot for $200,000 , and you depreciated it using a 5 year MACRS. In year 4, you sold the robot for $100,000. You financed 50% of the purchase price on a 4 year loan at 8%. In addition, you invested $30,000 in working capital initially. Your company is in a 35% tax bracket. Show the end of year cash flows for this project?

Reference no: EM13578363

Questions Cloud

Jose purchased a house for 300000 in 2010 he used the house : jose? purchased a house for 300000 in 2010. he used the house as his per- sonal residence. in march 2013 when the fair
The fico credit rating scores obtained in a simple random : the fico credit rating scores obtained in a simple random sample are listed below. as writing the reported mean fico
You purchased a robot for 200000 installed and you : you purchased a robot for 200000 installed and you depreciated it using a 5 year macrs. in year 4 you sold the robot
Abc company has three in-house salespeople red white and : abc company has three in-house salespeople red white and blue who all make frequent trips to santa fe new mexico where
You purchased a robot for 200000 installed and you : you purchased a robot for 200000 and you depreciated it using a 5 year macrs. in year 4 you sold the robot for 100000.
Question what type of educational background do ceos have : question what type of educational background do ceos have? in one survey 344 ceos of medium and large companies were
A common problem facing any business entity is the debt : a common problem facing any business entity is the debt versus equity decision. when funds are required to obtain
After tallying the responses she found that 204 used : question a dean of a business school wanted to know whether the graduates of her school used a statistical inference
Compute the diluted earnings per share for 2010 round to : 1. basic and diluted eps. assume that the following data relative to kane company for 2010 is available net income

Reviews

Write a Review

Accounting Basics Questions & Answers

  During october the company purchased 240000 pounds of

hernandez corporation uses a standard cost system and has established the following standards for one unit of product

  Keeping a manual accounting system

Your friend, Wendy Geiger, owns a small retail store that sells canies and nuts. Geiger acquires her goods from a few select vendors. She generally makes purchase orders by phone and on credit. Sales are primarily for cash. Geiger keeps her own ma..

  Which depreciation method does amazoncom use for reporting

refer to the amazon.com financial statements including notes 1 and 3 in appendix a at the end of this book. answer the

  Use of guaranteed payments in partnership

What kind of situation would make guaranteed payments a logical way of starting a two-person partnership?

  Prepare the journal entry to issue the bonds on july 1

on july 1 2009 a corporation issued 800000 of 9 8 yearbonds to yield 10. interest is paid semiannually on december

  Method to account for the by producy

The remnants are considered a by product of the process and sold to make cat food. Allocate the joint cost based on approx NRV at split off. use the NRV method to account for the by producy.

  Msg corporation issued 100000 of 3-year 6 bonds outstanding

1. on january 1 2013 legion company sold 270000 of 8 ten-year bonds. interest is payable semiannually on june 30 and

  Problem related to marginal tax rate for firm

For the year ending June 30, 2008, the Austin Corporation has current assets of $ 275,000 and total assets of $ 900,000. It also has current liabilities of $ 150,000, equity of $ 200,000, and retained earnings of $ 100,000. The marginal tax rate f..

  Net short-term capital loss

Robin Corporation has ordinary income from operations of $30,000, net long-term capital gain of $10,000, and net short-term capital loss of $15,000. What is the taxable income for 2007?

  Determine accounts and financial statements of recording

A business issued a 60-day, 7% notes for $ 15,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of recording (a) the issuance of the note and (b) the payment of the note at maturity, including interest.

  Company x sells on a 120 net 90 basis customer y buys good

company x sells on a 120 net 90 basis customer y buys good with an invoice of 2500. what is the effective annual rate

  Statements regarding the contribution margin ratio

Which of the following statements regarding the contribution margin ratio is not true?

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