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emmainna [20.7K]
3 years ago
7

An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $

6,100,000 and will be sold for $1,300,000 at the end of the project. If the tax rate is 35 percent, what is the aftertax salvage value of the asset
Business
1 answer:
djyliett [7]3 years ago
4 0

Answer:

$1,213,928

Explanation:

The calculation is given below:

Data provided in the question

Acquisition cost of an asset = $6,100,000

Sale value of an asset at the end of the project = $1,300,000

Tax rate = 35%

Therefore the after tax salvage value of the asset is

= $1,300,000 - ($1,300,000 - $6,100,000 × (11.52% + 5.76%)) × 35%

= $1,300,000 - $86,072

= $1,213,928

Refer to the MACRS table for the depreciation rate i.e 11.52% and 5.76%re

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19. 14 oz of gold equals how much in dollars.
Dmitrij [34]

Answer:

14 Troy Ounces of Gold is Worth

U.S. dollars (USD) 24,984

Euros (EUR) 22,105

British pounds (GBP) 18,756

Explanation:

How much is an ounce of 14 gold?

Image result for price of gold 14oz

The current stock price for pure gold (. 999 gold) per ounce is $1786.69. That means that one ounce of 14K gold is worth $1046.26.

...............................................................................................................................................

Is Gold a Good Store of Value?

For long periods of time, yes, gold is an excellent store of value.

Until 1971, the U.S. was on the gold standard. This meant that the price of gold was fixed at $35 per troy ounce. Since that time however, the price of gold has increased by about 8% per year, more than twice the rate of inflation, and much more than bank interest rates.

This doesn't mean that there haven't been ups and downs. Between 1980–2000, the price of gold declined considerably.

However, with governments printing more and more money due to the coronavirus and pension crises, it seems likely that gold will continue to hold its value well.

...............................................................................................................................................

Troy Ounces USD Value

14.00 $24,984

14.01 $25,001

14.02 $25,019

14.03 $25,037

14.04 $25,055

14.05 $25,073

14.06 $25,091

14.07 $25,108

14.08 $25,126

14.09 $25,144

14.10 $25,162

14.11 $25,180

14.12 $25,198

14.13 $25,216

14.14 $25,233

14.15 $25,251

14.16 $25,269

14.17 $25,287

14.18 $25,305

14.19 $25,323

14.20 $25,340

14.21 $25,358

14.22 $25,376

14.23 $25,394

14.24 $25,412

Troy Ounces USD Value

14.25 $25,430

14.26 $25,448

14.27 $25,465

14.28 $25,483

14.29 $25,501

14.30 $25,519

14.31 $25,537

14.32 $25,555

14.33 $25,572

14.34 $25,590

14.35 $25,608

14.36 $25,626

14.37 $25,644

14.38 $25,662

14.39 $25,680

14.40 $25,697

14.41 $25,715

14.42 $25,733

14.43 $25,751

14.44 $25,769

14.45 $25,787

14.46 $25,804

14.47 $25,822

14.48 $25,840

14.49 $25,858

Troy Ounces USD Value

14.50 $25,876

14.51 $25,894

14.52 $25,912

14.53 $25,929

14.54 $25,947

14.55 $25,965

14.56 $25,983

14.57 $26,001

14.58 $26,019

14.59 $26,036

14.60 $26,054

14.61 $26,072

14.62 $26,090

14.63 $26,108

14.64 $26,126

14.65 $26,144

14.66 $26,161

14.67 $26,179

14.68 $26,197

14.69 $26,215

14.70 $26,233

14.71 $26,251

14.72 $26,268

14.73 $26,286

14.74 $26,304

Troy Ounces USD Value

14.75 $26,322

14.76 $26,340

14.77 $26,358

14.78 $26,376

14.79 $26,393

14.80 $26,411

14.81 $26,429

14.82 $26,447

14.83 $26,465

14.84 $26,483

14.85 $26,500

14.86 $26,518

14.87 $26,536

14.88 $26,554

14.89 $26,572

14.90 $26,590

14.91 $26,607

14.92 $26,625

14.93 $26,643

14.94 $26,661

14.95 $26,679

14.96 $26,697

14.97 $26,715

14.98 $26,732

14.99 $26,750

5 0
2 years ago
Diamond Boot Factory normally sells its specialty boots for $35 a pair. An offer to buy 110 boots for $29 per pair was made by a
Marat540 [252]

Answer:

Since there is no loss occur from these sales and rather $15 per pair is profit from the sale of boots. So it should be accepted.

Explanation:

Now the calculation of differential income or loss per pair of boots from selling to the organization,

8 0
3 years ago
You are the beneficiary of a life insurance policy. the insurance company offers two options for receiving the proceeds: a lump
r-ruslan [8.4K]
Take the $550 per month for monthly income as after ten years it would reach the same amount just in a longer period of time
8 0
3 years ago
2) A firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $3
Tom [10]

Answer:

$6896551.7

Explanation:

Given the following :

Product R:

Selling price = $20

Variable cost = $6

Product S:

Selling price = $50

Variable cost = $30

Firm's fixed cost = $4, 000,000

Break-even point dollars = (Fixed cost /Contribution margin ratio)

Contribution margin : selling price - variable cost

Product R: $(20 - 6) = $14

Contribution margin ratio = ($14/$20) * 60% = 0.42

Product S: $(50 - 30) = $20

Contribution margin ratio = ($20/$50) * 40% = 0.16

Sum of contribution margin ratio for both products = (0.42 + 0.16) = 0.58

Break-even point dollars = (Fixed cost /sum of Contribution margin ratio)

= $4,000,000/0.58

= $6896551.7

3 0
3 years ago
Pequeno Pesos Restaurants, Inc. is a chain of restaurants featuring authentic, affordable Mexican cuisine around the United Stat
blagie [28]

Answer:

A. Information published by the U.S. Bureau of the Census that identifies which regions of the United States are experiencing the most rapid growth in Mexican-American population.

Explanation:

As the restaurant is famous and serves the Mexican cuisine, it needs data that will provide information about the interests of people in Mexican Cuisine.

The information published by the US Bureau about the population of Mexican citizens growing will help the restaurant identify the areas where it will find its most probable customers for the Mexican Cuisine.

The census will provide the maximum information about the regions with the population with Mexican people as the chances to like Mexican cuisine is maximum with Mexican population.

7 0
3 years ago
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