TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was 773,188 dollars and in addition it had to spend 71,424 dollars adapting the space for its services. The building has been in use since June 21st, 2000. TVM Consulting forecasted that in 2030 the building would have a net salvage value of $1,000,000. Using the US Straight Line Depreciation Schedule, estimate the Net Cash Flow from Salvage Value if TVM consulting decides to sell the building on April 15th 2004 for $1,166,278, and that the prevailing tax rate for capital gains is 34%. (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

TVM Consulting bought new building for its headquarters in the year 2000. The purchase cost was 773,188 dollars and in addition it had to spend 71,424 dollars adapting the space for its services. The building has been in use since June 21st, 2000. TVM Consulting forecasted that in 2030 the building would have a net salvage value of $1,000,000. Using the US Straight Line Depreciation Schedule, estimate the Net Cash Flow from Salvage Value if TVM consulting decides to sell the building on April 15th 2004 for $1,166,278, and that the prevailing tax rate for capital gains is 34%. (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Question 6 Listen Which of the following sets represent an intersection, union, subset, and com- plement? Hint: Consider if each number is in A, B, both, or neither. АПВ S S A B 3 2 4 6 5 7 8 10 1 9 a. (2) AUB b. {2,3,5,7} A C. (2,3,4,5,6,7,8,10}
How do i do PR 12-3A
State the recognition and measurement of IFRS 10 and IFRS 3
Section 1250 summary
E12.17
You put 491-28 why is it 28 and not - 175?? Can you explain that please?
E12.4
88 MULTIPLE CHOICE Question 6 Listen If f(x)= and g(x) = x²-16, then what is the value of f(g(4))? A 0 B 4 C undefined
LO 7.4 Name the four main special journals.
E11.4
A. For what values of x is f(x) NOT y 00 6 4 2 X -3-2-10 1 2 3 4 5
P10.5