Question

Cost recovery. ​Richards' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$87,000. It is...

Cost recovery. ​Richards' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$87,000. It is classified in the property class category of a​ single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a​ seven-year life and​ MACRS was used for the depreciation​ schedule, what is the​ after-tax cash flow from the sale of the trimmer​ (use a 40​% tax​ rate) if

a.  the sales price was

​$30,000​?

b.  the sales price was

$​27,178.80

c.  the sales price was

$20,000​?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Cost recovery. ​ Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$93,000. It...
Cost recovery. ​ Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$93,000. It is classified in the property class category of a​ single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a​ seven-year life and​ MACRS, LOADING... ​, was used for the depreciation​ schedule, what is the​ after-tax cash flow from the sale of the trimmer​ (use a 35​% tax​ rate) if a.  the sales price was ​$30,000​?...
Cost recovery. ​ Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$94 comma...
Cost recovery. ​ Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$94 comma 000. It is classified in the property class category of a​ single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a​ seven-year life and​ MACRS, LOADING...​, was used for the depreciation​ schedule, what is the​ after-tax cash flow from the sale of the trimmer​ (use a 40​% tax​ rate) if a.  the sales price was...
Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$93,000. It is classified in...
Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$93,000. It is classified in the property class category of a​ single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a​ seven-year life and​ MACRS, LOADING... ​, was used for the depreciation​ schedule, what is the​ after-tax cash flow from the sale of the trimmer​ (use a 40​% tax​ rate) if a.  the sales price was ​$36,000​? b.  the sales...
Cost recovery. ​ Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$82,000. It...
Cost recovery. ​ Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$82,000. It is classified in the property class category of a​ single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a​ seven-year life and​ MACRS, was used for the depreciation​ schedule, what is the​ after-tax cash flow from the sale of the trimmer​ (use a 35​% tax​ rate) if a) the sales price was $30,000 b) the...
Cost recovery. ​ Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$82,000. It...
Cost recovery. ​ Richardses' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$82,000. It is classified in the property class category of a​ single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a​ seven-year life and​ MACRS, LOADING... ​, was used for the depreciation​ schedule, what is the​ after-tax cash flow from the sale of the trimmer​ (use a 35​% tax​ rate) if a.  the sales price was ​$35,000​?...
Richardses' Tree​ Farm, Inc. has just purchased a new aerial tree trimmer for ​$88,000. Calculate the...
Richardses' Tree​ Farm, Inc. has just purchased a new aerial tree trimmer for ​$88,000. Calculate the depreciation schedule using a​ seven-year life​ (for the property class category of a​ single-purpose agricultural and horticultural structure from Table​ 10.3) for both​ straight-line depreciation and​ MACRS. Use the​ half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40​% tax rate.   Year ​3-Year ​5-Year ​7-Year ​10-Year     1 ​33.33% ​20.00% ​14.29% ​10.00%     2 ​44.45% ​32.00% ​24.49% ​18.00%     3 ​14.81%...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT