Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. your firm needs a computerized machine tool lathe

Your firm needs a computerized machine tool lathe which costs $53,000 and requires $12,300 in...

80.2K

Verified Solution

Question

Finance

image
Your firm needs a computerized machine tool lathe which costs $53,000 and requires $12,300 in maintenance for each year of its 3-year life. After three years, this machine will be replaced. The machine Thills into the MACRS 3-year class ille category, and neither bonus depreciation nor Section 179 expensing can be usett. Assume a tax rate of 21 percent and a discount rate of 12 percent if the lathe can be sold for $5,300 at the end of year 3, what is the after-tax salvage value? (Round your answer to 2 decimal places.) Salvage value after tas

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

1. The U.S. Export-Import Bank (ExImbank), which promotes U.S. exports through loan guarantees and insurance programs,...

Finance
Q

[The following information applies to the questions displayed below.] Pastina Company sells various types of pasta...

Accounting
Q

Romans Food Market, located in Saratoga, New York, carries a variety of specialty foods from around...

Basic Math
Q

Water rises to a height h in a capillary tube held vertically in a beaker...

Physics
Q

A 27 Which a b C d e sequence of transformations takes the graph of...

Geometry
Q

Find a function of the form y A sin kx or y A cos kx...

Geometry
Q

What is a need O Something which a person likes to have O Something which...

Basic Math
Q

tegration Workshe 1 xnx x ln x dx

Calculus
Q

Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. ...

Accounting
Q

Assume that Terrell is required to supply certain items for his job by his employer....

Accounting
Q

Problem #5 Current Liabilities Sink, Inc. had several employees working for the company. The main...

Accounting
Q

In an EPS-EBI graphical relationship, the slope of the debt line is steeper than the...

Finance