What is the net cash flow from the salvage value if the tax, Financial Management

+44 141 628 6080
[email protected]

What is the net cash flow from the salvage value if the tax

Use the table below to answer this question.

MACRS 5-year property

Year

Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76%

Ronnie's Custom Cars purchased some fixed assets two years ago for $80,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $42,000 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent?

$38,400.00

$35,553.60

$40,776.00

$32,420.16

$42,000.00

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: What is the net cash flow from the salvage value if the tax

Reference No:- TGS02317506

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What effect regulated federalism have on public policies

What effect does regulated federalism have on public policies? Regulated federalism has produced more conservative policies across the states

What difference federalism makes for politics and government

Analyze what difference federalism makes for politics and government Contrast the differences between block grants and categorical grants

Overview concerns secondary sanctions in economic warfare

My literature review overview concerns secondary sanctions in economic warfare and their impact on FDI and trade strategies of global economic powerhouses,

What is your view of profiling in police work

What is your view of profiling in police work? Explain and support your response with examples and facts.

How rising income inequality is a socio-political problem

Rising income inequality is a socio-political problem in need of justice. Thomas Sowell in his book, The Quest for Cosmic Justice

Use of facial recognition technology by law enforcement

Incident: The Use of Facial Recognition Technology by Law Enforcement They argue that the extensive application of Facial Recognition Technology (FRT),

Death row exoneration is truly a bittersweet milestone

Now last section: "Reaching the 200th death row exoneration is truly a bittersweet milestone," said Krone. "Sadly in just 22 years since my exoneration,

Request for Solution File

Ask an Expert for Answer!!

Financial Management: What is the net cash flow from the salvage value if the tax

Reference No:- TGS02317506

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : Wrap up with a discussion of your food consumption what

Q : Create a mission and vision statement for your organization

Q : What is the discounted payback period if the discount rate

Q : Examine the concept of product life cycle analysis examine

Q : What is the net cash flow from the salvage value if the tax

Q : Using t2d statistics compare the rates in the us to the

Q : What happens to the portfolios if the stock price drops to

Q : Describe any profit sharing stock ownership programs that

Q : Where should the safety manager be located within an