Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. macrs year 1 year 2 year 3 year 4 year 5 year 6 de

MACRS Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Depreciation Rate...

70.2K

Verified Solution

Question

Finance

MACRS Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Depreciation Rate 20% 32% 19.2% 11.52% 11.52% 5.76% A company invests $26,917 in new machinery, which was depreciated using the five-year MACRS schedule shown above. If the company sold the machinery immediately after the end of year 3 for $10,879, what is the after-tax salvage value from the sale, given a tax rate of 38%? Enter your answer in dollars and round to the nearest dollar.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Why is it important to subculture bacteria?

Biology
Q

Biotechnological methods for gene regulation (control of the amount of protein in eukaryotes and prokaryotes). Two...

Biology
Q

1- During infancy, development of muscular coordination and strength generally occurs from the head to the...

Psychology
Q

A vehicle quality survey asked new owners a variety of questions about their recently purchased automobile....

Basic Math
Q

A company had total revenues of 132 million operating profit margin of 19 and depreciation...

Basic Math
Q

In your own words, how do you read the solution from the final simplex tableau?

Basic Math
Q

Read the requirements. sign for a decrease in basis.)

Accounting
Q

(1. Required information [The following information applies to the questions displayed below.] ...

Accounting
Q

Required journal entries for uploaded doc :

Accounting
Q

A / R balance on 12/31 / 2018 was 41. 2018 Sales were 113. Cash...

Accounting
Q

estit Easton Company makes and sells scooters. Easton incurred the following costs in its most...

Accounting
Q

A mortgage of $175,000 is offered at 5.25% interest for 25 years a) find...

Finance