Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a kitchen appliances manufacturing company is plan

A kitchen appliances manufacturing company is planning to buy a new production equipment for $2,500,000....

80.2K

Verified Solution

Question

Finance

A kitchen appliances manufacturing company is planning to buy a new production equipment for $2,500,000. This equipment will be depreciating according to the 5-year property class under MACRS (see the table - you can also click on it to view full screen in a new window). If the company sells this equipment in 4 years for $560,000, how much will it collect in after-tax sale proceeds (i.e., the after-tax salvage value)? The company faces a 27% tax rate.

Do not use "$" in your answer. In any intermediate calculations, increase the decimal places from 2 to 6 or higher, and only round the final answer to 2 decimal places.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the role of plasticity in development of the individual? How can two individuals with...

Biology
Q

• What are variable costs? How are they broken down? • Explain the concept of payback...

General Management
Q

There are 2 naturally occurring isotopes of Lithium: Li (6.015 amu) and 'Li (7.016 amu)....

Physics
Q

For a particle in uniform circular motion with speed v in anticlockwise direction as observed...

Physics
Q

4 reflection across the x axis y F X

Geometry
Q

A manufacturer of personal computers tests competing brands and finds that the amount of energy...

Basic Math
Q

Which equation is equivalent to log 36 27 O 2 36 0x x 36 36...

Calculus
Q

To go on a summer trip Henry borrows 700 He makes no payments until the...

Algebra
Q

Answer the following questions 1. Splash LLC. furnishes the following particulars for preparation of its...

Accounting
Q

(A) Eagle Limited has a three-year contract, at the 31 December 2030 the outcoene of...

Accounting
Q

Show the journal entries to record the first two interest payments. Ignore year-end accruals of...

Accounting
Q

Copy Center pays an average wage of $12 per hour to employees for printing and...

Accounting