Dr Nick

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About Dr Nick

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    Kaplan University
    Apr-2009 - Mar-2014

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    University of Santo Tomas
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Category > Business & Finance Posted 30 Jun 2017 My Price 14.00

This asset qualifies as a seven-year recovery

Genetic Insights Co. purchases an asset for $13,025. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $3,650.

Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals.

 

Answers

Dr Nick
(4)
Status NEW Posted 30 Jun 2017 07:06 PM My Price 14.00

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