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Harlamova29_29 [7]
3 years ago
5

On January 1, 2021, the Excel Delivery Company purchased a delivery van for $51,000. At the end of its five-year service life, i

t is estimated that the van will be worth $6,000. During the five-year period, the company expects to drive the van 171,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods.
Business
1 answer:
kherson [118]3 years ago
6 0

Answer:

The answer is "Complete but not absolutely right".

Explanation:

In production technique segments, it should first calculate the cost of fuel per mile and afterward measure the depreciation.

\ per \ mile \ rate =  \frac{\ cost - \ salvage value}{\ Estimated \ mile }

\ estimated \ mile = 171000 \\\\\ per \ mile \ rate = (\$ 51000 - \$ 6000) / 171000  \\\\  \ per \ mile \ rate = $45000 / 171000 = \\\\\ per \ mile \ rate = \$ 0.263157894 per mile

Calculating Depreciation:

\ Depreciation \ expense =  \ per \ mile \ rate \times  \ Mile \ drives

\ Depreciation \ for \ 2021 :  \\\\  \ Mile \ drives \ = 11000 \\\ Depreciation = \$ 0.263157894 * 11000 \\\ Depreciation = \$ 2895

\ Depreciation \ for \ 2022 \ : \\\\\ Miles \ drives = 42000\\\ Depreciation = \$ 0.263157894 * 42000\\ \ Depreciation = $11053 \\\\\ Depreciation \ for \ 2023 \ :\\\\\ Miles \ drives = 43000\\\ Depreciation = \$ 0.263157894 * 43000 \\\ Depreciation = \$ 11316 \\\\\ Depreciation \ for \ 2024 \ :

\ Miles \ drives = 38000\\\ Depreciation  = \$ 0.263157894 * 38000 \\\ Depreciation = \$ 10000 \\\\\ Depreciation \ for \ 2025 \ :\\\\\ Miles \ drives = 39000\\\ Depreciation = \$ 0.263157894 * 39000 \\\ Depreciation = \$ 10263

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Answer:

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After Tax Yield = 9% X (1-0.36) = 9%X0.64=5.76%

Answer: 5.76%

Explanation:

The after-tax yield of any financial instrument such as a bond or even stock dividends is the effective yield after the applicable taxes have been paid. Higher the tax rate, lesser is the after-tax yield for the investor.

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For example, say that you want to calculate the after-tax rate of return on your certificate of deposit. If your rate of return is 3 percent and the tax rate applied to that interest is 24 percent, start by dividing 24 percent by 100 to get 0.24. Second, subtract 0.24 from 1 to get 0.76 – the portion that you get to keep after accounting for taxes. Finally, multiply 0.76 by your overall rate of return of 3 percent to find your after-tax yield is 2.28 percent.

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3 years ago
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Suppose you sell a fixed asset for $99,000 when its book value is $75,000. if your company's marginal tax rate is 39 percent, wh
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So Depreciation recapture = $24,000

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In taxation, a tax rate is a rate at which a company or individual is taxed. There are several ways to express tax rates, including statutory, average, marginal, and effective. These tax rates can also be presented using different definitions (inclusive and exclusive) that apply to the tax base.

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Gabriel had no idea how consumers would respond to a survey about attitudes toward a program opening up space travel to private
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The more familiar customers are with a brand, the harder their decision-making process will be?
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The statement, the more familiar customers are with a brand, the harder their decision-making process will be is false.

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A normative statement is a kind of statement which offers, the betterment, as includes a suggestion in the statement.

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