Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
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Teaching Since: May 2017
Last Sign in: 340 Weeks Ago
Questions Answered: 19234
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 13 Jul 2017 My Price 13.00

The asset is sold at the end of six years for $3,613.

Question 2 (1 point)

 

Genetic Insights Co. purchases an asset for $17,461. 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 $3,613.

Calculate book value of an asset. Round the answer to two decimals

 

Answers

Dr Nick
(4)
Status NEW Posted 13 Jul 2017 09:07 AM My Price 13.00

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