Below presented table shows purchases of new capital assets by a small business andformation of its Undepreciated Capital Cost (UCC) accountYear Purchases of new capital assets CCA UCC1$2,000$300 $1,700$1,000$660 $2,040$1,000If this business is subject to a 10.5% tax rate and its MARR is 2%, what is thebusiness's UCC at the end of the 3rd year?(Present your answer in dollars without the $ sign)

UCC is undepreciated capital cost , It is the balance left of capital cost for further depreciation…

Answered: Below presented table shows purchases…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: Gross margin Operating margin Return on assets Return on equity $174,000 $ 1,400 $379,000 $ 86,000 $ 7,400 8,000 $ % % % % 40% $ 21,000 $ 21,000 $ 46,000 $ 38,000 $130,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) $ 3,000 $ 34,000 $ 64,000
Best Feeds, Inc. has the following information on their income statement: Sales $2,000,000 Cash Costs 1,200,000 Depreciation 100,000 EBIT 700,000 Interest Expense 200,000 EBT 500,000 Taxes (25%) 125,000 Net Income $ 375,000 What is their NOPAT? Group of answer choices $427,620 $450,120 $375,000 $498,750 $525,000
ang Services has annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. The firm paid $700 in dividends, $280 in interest, and has a total tax rate of 21 percent. The firm will add $2,810 to retained earnings. What is the depreciation expense? Multiple Choice a. $2,300 b. $3,709 c. $2,640 d. $780 e. $3,577
TJ Industries has revenue of $400,000 and expenses of $250,000. The depreciation cost is $80,000 and marginal tax rate is 35%. Calculate cash flow from operation. Group of answer choices a.$150,000 b.$45,500 c.$125, 500 d.$135,000
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Barb's Bait Corporation has operating income of $0.95 million, a loss on sale of investments of $125,000, and income tax expense of $237,500 for the year ended December 31, 2024, before considering the following item: a $200,000 gain, after tax, from the disposal of an operating segment. Required: Prepare the 2024 multiple step income statement for Barb's Bait Corporation beginning with operating income. (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).) Operating income Income before tax BARB'S BAIT CORPORATION Income Statement For the Year Ended December 31, 2024 Discontinued operation: $ 950,000
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