Book value and taxes on sale of assets Troy Industries purchased a new machine 3 year(s) ago for $82,000. It is being depreciated under MACRS with a 5-year recovery period using the schedule based on table below. Assume 40% ordinary and capital gains tax rates.
a. What is the book value of the machine?
b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $98,400; $57,400; $23,780; and $16,600.
Rounded Depreciation Percentages by Recovery Year Using MACRS
for
First Four Property Classes
Percentage by recovery year*
Recovery year 3 years 5 years
7 years 10 years
1 33% 20% 14% 10%
2 45% 32% 25% 18%
3 15% 19% 18% 14%
4 7% 12% 12% 12%
5 12% 9% 9%
6 5% 9% 8%
7 9% 7%
8 4% 6%
9 6%
10 6%
11 4%
Totals 100% 100% 100% 100%
a. The remaining book value is $____
In: Finance
Troy Industries purchased a new machine 4 year(s) ago for $82,000.
It is being depreciated under MACRS with a 5-year recovery period using the schedule.
Assume 40% ordinary and capital gains tax rates.
a. What is the book value of the machine?
b. Calculate the firm's tax liability if it sold the machine for each of the following
amounts: $98,400; $57,400; $13,940; and $9,800.
a. The remaining book value is
$ . (Round to the nearest dollar.)
|
Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes |
||||
|
Percentage by recovery year* |
||||
|
Recovery year |
3 years |
5 years |
7 years |
10 years |
|
1 |
33% |
20% |
14% |
10% |
|
2 |
45% |
32% |
25% |
18% |
|
3 |
15% |
19% |
18% |
14% |
|
4 |
7% |
12% |
12% |
12% |
|
5 |
12% |
9% |
9% |
|
|
6 |
5% |
9% |
8% |
|
|
7 |
9% |
7% |
||
|
8 |
4% |
6% |
||
|
9 |
6% |
|||
|
10 |
6% |
|||
|
11 |
4% |
|||
|
Totals |
100% |
100% |
100% |
100% |
In: Finance
Some additional collected data is presented in the table below:
|
Age Category AMUSEMENT |
PK |
K |
Elementary school |
Middle school |
|
|
Eggs Coloring (EC) |
40 |
30 |
10 |
15 |
|
|
Bunnies Hoping (BH) |
30 |
100 |
20 |
40 |
|
|
Roller Coaster (RC) |
5 |
60 |
80 |
30 |
|
|
Give the literal formula first (not with numbers) and then solve: “What is the probability of being in PK category given that you will ride a Roller Coasters” |
|
|
Give the literal formula first (not with numbers) and then solve: “What is the probability of being in the Elementary or Middle school and participate in Bunnies Hoping.” |
|
|
Give the literal formula first (not with numbers) and then solve: “What is the probability of being in PK or K given that you prefer Roller Coaster |
|
|
Give the literal formula first (not with numbers) and then solve: “What is the probability of not attending a Bunnies Hoping amusement” |
|
|
Is there any relationship between being a participant attending the middle school and the amusement type; explain it based on the probability values. |
In: Statistics and Probability
Customers arrive in a certain shop according to an approximate Poisson process on the average of two every 6 minutes.
(a) Using the Poisson distribution calculate the probability of two or more customers arrive in a 2-minute period.
(b) Consider X denote number of customers and X follows binomial distribution with parameters n= 100. Using the binomial distribution calculate the probability oftwo or more customers arrive in a 2-minute period.
(c) Let Y denote the waiting time in minutes until the first customer arrives. (i) What is the pdf ofY? (ii) Find q1=π0.75
(d) Let Y denote the waiting time in minutes until the first customer arrives. What is the probability that the shopkeeper will have to wait more than 3 minutes for the arrival of the first customer ?
(e) What is the probability that shopkeeper will wait more than 3 minutes before both of the first two customers arrive?
In: Advanced Math
Customers arrive in a certain shop according to an approximate Poissonprocess on the average of two every 6 minutes.
(a) Using the Poisson distribution calculate the probability of two or more customersarrive in a 2-minute period.
(b) Consider X denote number of customers and X follows binomial distribution withparametersn= 100. Using the binomial distribution calculate the probability oftwo or more customers arrive in a 2-minute period.
(c) Let Y denote the waiting time in minutes until the first customer arrives. (i) Whatis the pdf ofY? (ii) Findq1=π0.75
(d) Let Y denote the waiting time in minutes until the first customer arrives. What isthe probability that the shopkeeper will have to wait more than 3 minutes for thearrival of the first customer ?
(e) What is the probability that shopkeeper will wait more than 3 minutes before bothof the first two customers arrive?
In: Statistics and Probability
First Question: In a Mundell-Fleming model with floating exchange rates and perfect capital mobility, discuss effectiveness of monetary and fiscal policy.
Second Question: If the British price level rises by 5 percent relative to the price level in the European Union, what does the theory of purchasing power parity predict will happen to the value of British pound in terms of Euro?
In: Economics
A store that sells calculators finds that the probability that a calculator breaks is 0.2. The problems with calculators breaking is independent to each calculator. (a) If the store sells 100 calculators, find the probability that 80 of the calculators work and 20 break. (b) From the 100 calculators sold, find the probability that the first 20 calculators sold break and the others work. (c) Suppose, once a calculator breaks down, the store is not allowed to sell any more calculators. What is the expected number of calculators they can sell? (d) Continued from part (c), suppose the store already sold 10 calculators and they all work. What is the expected number of calculators they can sell in total?
In: Statistics and Probability
This project challenges you to critically discuss fiscal and monetary policies as well as their combined use in the IS/LM model. To do so, first, carefully study the textbook Focus on "The US recession of 2001," and think through the effectiveness of the policy mix adopted to aid recovery. Second, consider the possibility that the US would slip into a hypothetical recession now: argue on the basis of your understanding of IS/LM and the current US macroeconomic trajectory for a specific fiscal and monetary policy response.
In summary, write
In: Economics
you want to purify 10g of a compound A that has been contaminated
with 0.20g of compound B. solubilities in water of the two
compounds are given.
compound A - solubility at 20°c= 0.029g/mol, solubility at 100°c= 0.680g/mol
compound B - solubility at 20°c = 0.22, solubility at 100°c = 6.67
a) what volume of boiling water is needed to dissolve 10g of compound A?
b) How much of compound A will remain after cooling to 20°c?
c) what is the maximum amount of compound A that can be recovered in the first crop of this recrystallization?
d) will any compound B crystals form ( will compound B be pure)? show work to explain answer.
In: Chemistry
1.1 The average effective overburden pressure on a 10
mts – thick layer in the field is 136 kN/m2 and the average void
ratio is 0.98. If a uniform surcharge of 200 kN/m2 is applied on
the ground surface, determine the consolidation settlement for the
following cases, Cc = 0.35, Cs = 0.08.
a)Preconsolidation pressure, σ'p = 350 kN / m2 b)
b)Preconsolidation pressure, σ'p = 150 kN / m2
1.2 For case b) of the previous exercise determine, a) What is the void ratio at the end of 100% of consolidation. b) If Cv = 1.5 mm2 / min, how long will it take to settle the first 100 mm? Take the two-way drain for the clay layer.
In: Civil Engineering