Guys Help me please :(

A company purchased an asset for $3,600,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The d

suter [353]

Answer:

$266,760

Explanation:

According to the problem, calculation of the given data are as follows,

Purchase value = $3,600,000

Depreciation for 1st year = 33.33%

Depreciation for 2nd year = 44.85%

Depreciation for 3rd year = 14.81%

So, Book value = Purchase value × ( 1 - depreciation of all years)

By putting the value we get,

Book Value = $3,600,000 × ( 1 - 33.33% - 44.45% - 14.81% )

= $266,760

6 0

3 years ago

A physician opens up a new practice and qualifies for a $7,000/month disability income policy. what rider would the physician ad

Elodia [21]

The right rider for the physician to add is guaranteed future insurability. If the doctor knows for sure that his income will be growing in the future, he can add guaranteed future insurability rider to his disability policy, and this will allow him to purchase additional insurance without trying any medical question as long as he meets the income eligibility.

5 0

4 years ago

What was real per capita GDP in 1933 measured in 2008 prices? (Use the data in the table below and a price index of 100/1400 to

Artist 52 [7]

There is some information in the table that is not needed in this problem. To find real per capita GDP in 1933 measured in 2008 prices, just multiply Nominal per capita GDP in 1933 by how many times expensive the prices are in 2008 than they were in 1933. The solution is $444 x 14 = $6,216. So, the answer is $6,216.

7 0

3 years ago

All of the following are the ways property can be transferred at death, except by: Group of answer choices disclaimer. will. con

mihalych1998 [28]

Answer: Disclaimer

Explanation:

At death, it should be noted that property can be transferred through will, contract or title. On the other hand, property can't be transferred through disclaimer.

A disclaimer simply refers to a statement that denies someone the responsibility to a particular thing. It delimit the scope of rights of an individual.

3 0

3 years ago

Selected information from Rockway, Inc.'s U.S. GAAP financial statements for the year ended December 31, included the following

Scrat [10]

Answer:

Cash flow from operating activties 3,800,000

Explanation:

Cash collected from sales:(A) 21,000,000

Cash paid to supplier (B) (15,200,000)

Interest paid (1,000,000)

income taxes paid (1,000,000)

Cash flow from operating activties 3,800,000

(A)we use the sales and account receivable account

3,000,000 + 21,000,000 - 2,500,000 = 21,500,000

(B) we solve for purchases with COGS and inventory

purchases:

15,000,000 + 3,000,000 - 2,400,000 = 15,600,000

and now, with purchase along wiht account payable we solve for

paid to suppliers

1,000,000 + 15,600,000 - 1,400,000 = 15,200,000

3 0

3 years ago