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The Jones Company has just completed the third year of a five year MACRS recovery...

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Calculus

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The Jones Company has just completed the third year of a five year MACRS recovery period for a piece of equipment it originally purchased for 295 000 a What is the book value of the equipment The book value of the equipment after the third year is Round to the nearest dollar b If Jones sells the equipment today for 175 000 and its tax rate is 35 what is the after tax cash flow from selling it The total after tax proceeds from the sale are Round to the nearest dollar c Just before it is about to sell the equipment Jones receives a new order It can take the new order if it keeps the old equipment Is there a cost to taking the order and if so what is it Explain Assume the new order will consume the remainder of the machine s useful life A Yes the cost of taking the order is the lost 50 976 in book value B No Jones already owns the machine so there is no cost to using it for the order c Yes the cost of taking the order is the extra depreciation on the machine D Yes the cost of taking the order is the lost after tax cash flow of 131 592 from selling the machine

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