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Andreyy89
3 years ago
15

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 falls into the MACRS 3-year class life category. Assume a tax rate of 34 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
Business
1 answer:
solniwko [45]3 years ago
8 0

Answer:

$4,833.282

Explanation:

Calculation to determine the after-tax salvage value

First step is to calculate the remaining value after 3 years

Using this formula

Remaining value after 3 years = (Purchase price)x(1-summation of MACR rates from start to the current date)

Let plug in the formula

Remaining value after 3 years=$53,000*[(1-0.3333)-0.4445-0.1481]

Remaining value after 3 years=$53,000*$0.0741

Remaining value after 3 years=$3,927.3

Now let calculate the after-tax salvage value

After-tax salvage value=$5,300-[($5,300-$3,927.3)*0.34]

After-tax salvage value=[$5,300-($1,372.7*0.34)]

After-tax salvage value=$5,300-$466.718

After-tax salvage value=$4,833.282

Therefore The After-tax salvage value will be $4,833.282

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<h3>What is P2P Payment?</h3>

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When a user mistakenly sends money to the wrong person, the money cannot be gotten back. But if the sender has the details of the wrong receiver, an appeal can be made for the money to be reversed. However, if this is not the case, then the money would have to be forfeited.  

Learn more about P2P Payment here:

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Answer:

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So, in case Stephanie prompted a property and accident destruction, then $1,00000 will be sustained by the insurance corporation and above this value, it will be paid by Stephanie.

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