Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the cost of the machine is $13,309. the cca rate i

The cost of the machine is $13,309. The CCA rate is27%. After 8 years, the...

50.1K

Verified Solution

Question

Accounting

The cost of the machine is $13,309. The CCA rate is27%. After 8 years, the machine is sold for $1,462 which is less than the UCC of the asset class. If there are other assets in the asset class, the discount rate is7% and the tax rate is37%, what is the present value of the CCA tax shield of this machine? (Assume150%-rule)

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

In 2011 home prices and mortgage rates dropped so low that in a number of cities...

Statistics
Q

Indicate whether the graph specifies a function Q 51 Ay 10 15 15 10 15...

Calculus
Q

Which ordered pair is a solution to the linear inequality below x 4y 4 A...

Algebra
Q

Write the equation of the quadratic with Vertex 3 1 and point 7 3 Hint...

Algebra
Q

Problem 8.3A Alternative Cost Flow Assumptions in a Periodic System L.O. 4 ...

Accounting
Q

Problem 8-79A (Algorithmic) Warranties Mason Auto Repair specializes in the repair...

Accounting
Q

ACCt232 Bob's Bistro produces party-sized hoagie sandwiches. For next year,...

Accounting
Q

please help. kind of a big question ...

Accounting
Q

Exerclse 13.5A (Statlc) Deblt/credit terminology LO 13-1 Acqutred Foc each of the following indepondent events,...

Accounting
Q

Alpha Coal, Limited, is contemplating the purchase of equipment to exploit a mineral deposit on...

Accounting
Q

John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests...

Accounting
Q

The production department of Regina Partners has submitted the following forecast of units to be...

Accounting