Dormer Corporation has a forklift that is being sold after 3 years of use. The current book value of the forklift is $7,200. If Dormer Corporation sells the forklift for $5,800, what is the impact of this transaction?
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Dormer Corporation has a forklift that is being sold after 3 years of use. The current book value of the forklift is $7,200. If Dormer Corporation sells the forklift for $5,800, what is the impact of this transaction?
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- What is the impact of this transaction ?What isbthe impact of the transaction?FGH Floral Company has a delivery truck that is being sold after 5 years of use. The current book value of the delivery truck is $6,000. If FGH Floral Company sells the delivery truck for $9,000, what is the impact of this transaction?
- Zorro Company has a delivery truck that is being sold after 5 years of use. The current book value of the delivery truck is $4,600. If Zorro Company sells the delivery truck for $9,500, what is the impact of this transaction?FGH Floral Company has a delivery truck that is being sold after 5 years of use. The current book value of the delivery truck is $6,000. If FGH Floral Company sells the delivery truck for $9,000, what is the impact of this transaction? AnswerFGH Floral Company has a delivery truck that is being sold after 5 years of use. The current book value of the delivery truck is $6,000. If FGH Floral Company sells the delivery truck for $9,000, what is the impact of this transaction? Provide Answer
- A business purchases depreciable equipment for $300 and sells it several years later for $240. At the time of the sale, accumulated depreciation totals $160. If the company's tax rate is 30%, what is the total after-tax cash flow that will result from selling this asset?Don’s Workshop acquired a machine two years ago for $40,000. The depreciation schedule is listed below. Don wants to sell it now to buy a new model of the machine. Don has been offered $20,000 for his old machine. What is the after-tax salvage value? (Assume the tax rate is 20%) MACRS 5-year property $18,944.00 $18,904.80 $19,909.09 $19,840.00 $19,358.88Acme purchases a new delivery truck making a cash payment of $10,000, a $12,000 trade-in on the old delivery truck and enters into a 5-year loan for the balance, requiring yearly payments of $6,000 each. The interest rate on the loan is 4% and the first payment is due at date of sale. What amount should Acme capitalize for the purchase of the delivery truck?
- What is the total after tax cash flow that will result from selling this asset on these financial accounting question?Fairfield Properties owns real property that is MACRS depreciated with n = 39 years. They paid $3.4 million for the apartment complex and hope to sell it after 10 years of ownership for 50% more than the book value at that time. Compare the expected selling price with the amount that Fairfield paid for the property.Fink Co. is interested in purchasing a new business vehicle. The vehicle costs $48,000 and will generate delivery revenue of $23,000 for each of the next 6 years. At the end of the 6 years, the vehicle will have a salvage value of $4,800. The tax rate is 21%. Assuming that the vehicle is depreciated using MACRS 5-year property class, and that Fink Co. uses an after-tax MARR of 7%, compute the PW and determine whether Fink Co. should purchase the new business vehicle. Click here to access the TVM Factor Table calculator. Click here to access the MACRS-GDS Property Classes. Click here to access the MACRS-GDS percentages page. Click here to access the MACRS-GDS percentages for 27.5-year residential rental property. $ Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is ±10. Should Fink Co. purchase the new business vehicle? Yes
