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Category > Accounting Posted 23 Apr 2017 My Price 5.00

Two years ago, Agro, Inc., purchased an ACE generator

Two years ago, Agro, Inc., purchased an ACE generator that cost $250,000. Agro had to pay an additional $50,000 for delivery and installation, and the investment in the generator required the firm to increase its net working capital position by

 

$25,000. The generator, which is being depreciated over a period of 5 years using

straight-line depreciation, has a current market value of $79,550. The firm’s marginal tax rate is 40 percent. If the firm liquidates the asset for its current market value, compute the after-tax proceeds from the sale of the  asset.

 

 

Answers

(8)
Status NEW Posted 23 Apr 2017 05:04 PM My Price 5.00

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file 1492968979-1406456_1_636283720229873061_The-after.docx preview (414 words )
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