Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $94,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, E , was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales price was $35,000? b. the sales price was $29,365.60? c. the sales price was $21,000? Data Table a. If the sales price is $35,000, what is the after-tax cash flow? MACRS Fixed Annual Expense Percentages by Recovery Class (Round to the nearest cent.) Click on this icon o to download the data from this table b. If the sales price is $29,365.60, what is the after-tax cash flow? (Round to the nearest cent.) Year 3-Year 5-Year 7-Year 10-Year 1 33.33% 20.00% 14.29% 10.00% c. If the sales price is $21,000, what is the after-tax cash flow? 44.45% 32.00% 24.49% 18.00% (Round to the nearest cent.) 14.81% 19.20% 17.49% 14.40% 4 7.41% 11.52% 12.49% 11.52% 11.52% 8.93% 9.22% 5.76% 8.93% 7.37% 7 8.93% 6.55% 8 4.45% 6.55% 6.55% 10 6.55% 11 3.28%

Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $94,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, E , was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales price was $35,000? b. the sales price was $29,365.60? c. the sales price was $21,000? Data Table a. If the sales price is $35,000, what is the after-tax cash flow? MACRS Fixed Annual Expense Percentages by Recovery Class (Round to the nearest cent.) Click on this icon o to download the data from this table b. If the sales price is $29,365.60, what is the after-tax cash flow? (Round to the nearest cent.) Year 3-Year 5-Year 7-Year 10-Year 1 33.33% 20.00% 14.29% 10.00% c. If the sales price is $21,000, what is the after-tax cash flow? 44.45% 32.00% 24.49% 18.00% (Round to the nearest cent.) 14.81% 19.20% 17.49% 14.40% 4 7.41% 11.52% 12.49% 11.52% 11.52% 8.93% 9.22% 5.76% 8.93% 7.37% 7 8.93% 6.55% 8 4.45% 6.55% 6.55% 10 6.55% 11 3.28%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Trying to find answer a through e
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Wrong Answer
question 43 choose the correct answer from the choices
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for the next month is as follows: A) B) Product X yes yes no no Units produced Per unit sales value at split-off Added processing costs per unit Per unit sales value if processed further The cost of the joint raw material input is $90,000. Which of the products should be processed beyond the split-off point? Product Y yes no yes yes Product X 2,700 $ 25.00 $ 2.00 $31.00 Product Z no yes no yes Product Y 3,200 $ 28.00 $ 4.00 $31.00 Product Z 4,200 $ 27.00 $4.00 $36.00
Answer each of the following independent question: a and b
F1
hrl.3 answer must be in proper format or i will give down vote
What's the final question's answer?
What is the answer to d e and f?
why did you not answer b?