Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alpha car rental purchased 5 cars for a total of $

Alpha Car Rental purchased 5 cars for a total of $100,000 three years ago. Now...

50.1K

Verified Solution

Question

Accounting

Alpha Car Rental purchased 5 cars for a total of $100,000 three years ago. Now it is replacing the cars with newer vehicles. The company has depreciated 92.59% of the old cars, and sold these cars for a total of $ 25,000. Assume a tax rate of 40%. What is the cash inflow from the sale of these vehicles? a. $25,000 b. $15,000 c. $19,164 d. $16,500

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

Given that the area of an equilateral triangle is 331 cm, find its perimeter.The perimeter...

Geometry
Q

symposium abstract on bacteria

Biology
Q

Developing a Faster Intersection Algorithm Scenario We have already seen an algorithm that produces an intersection...

Programming
Q

In this picture B D and F are midpoints AC 50 CE 60 and BD...

Geometry
Q

DDT is a pesticide banned in the United States for its danger to humans and...

Statistics
Q

You may need to use the appropriate technology to answer this question The Scholastic Aptitude...

Statistics
Q

Calculate the following derivatives Use symbolic notation and fractions where needed d dx cos 2x...

Calculus
Q

2 Graph and label both of the curves below Then state their intersection points in...

Algebra
Q

All questions must be answered in this Excel file and referencing plz need now now...

Accounting
Q

$400 balance, 18%, $50 payment (a) previous balance method $ (b) adjusted balance method $...

Accounting
Q

create general journal Problem 4-1A (Algo) Preparing journal entries for merchandising...

Accounting
Q

= Quiz: Chapter 9 Quiz Question 6 This Quiz: 13 pts possible Submit Quiz Markov...

Finance