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Category > Accounting Posted 30 Apr 2017 My Price 3.00

The Jones Company has just completed the third year

 

The Jones Company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $300,000.

a. What is the book value of the equipment?

b. If Jones sells the equipment today for $180,000 and its tax rate is 35%, what is the after-tax cash flow from selling it?

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 30 Apr 2017 09:04 AM My Price 3.00

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Attachments

file 1493546163-answer1.docx preview (84 words )
T-----------he -----------Jon-----------es -----------Com-----------pan-----------y h-----------as -----------jus-----------t c-----------omp-----------let-----------ed -----------the----------- th-----------ird----------- ye-----------ar -----------of -----------a f-----------ive------------ye-----------ar -----------MAC-----------RS -----------rec-----------ove-----------ry -----------per-----------iod----------- fo-----------r a----------- pi-----------ece----------- of----------- eq-----------uip-----------men-----------t i-----------t o-----------rig-----------ina-----------lly----------- pu-----------rch-----------ase-----------d f-----------or -----------$30-----------0,0-----------00.----------- a-----------. W-----------hat----------- is----------- th-----------e b-----------ook----------- va-----------lue----------- of----------- th-----------e e-----------qui-----------pme-----------nt?----------- b-----------. I-----------f J-----------one-----------s s-----------ell-----------s t-----------he -----------equ-----------ipm-----------ent----------- to-----------day----------- fo-----------r $-----------180-----------,00-----------0 a-----------nd -----------its----------- ta-----------x r-----------ate----------- is----------- 35-----------%, -----------wha-----------t i-----------s t-----------he -----------aft-----------er------------tax----------- ca-----------sh -----------flo-----------w f-----------rom----------- se-----------lli-----------ng -----------it?----------- D-----------ec -----------04 -----------201-----------4 0-----------1:3-----------5 P-----------M -----------Ans-----------wer----------- T-----------he -----------rat-----------e o-----------f 5------------Ye-----------ar -----------MAC-----------RS -----------dep-----------ric-----------iat-----------ion----------- is----------- as----------- fo-----------llo-----------ws:----------- -----------Yea-----------r 5------------Ye-----------ar -----------1 2-----------0 2----------- 32-----------
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