Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2021, an auction house sold a painting at auction for a price of $1,060,000. Unfortunately for the previous owner, he had purchased it three years earlier at a price of $1,640,000. What was his annual rate of return on this painting? (A negative value should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Question 5 What is the after-tax salvage value of a 3-year MACRS machine with the $10,000 purchase price if it is sold after 3 years at a salvage value of $500? The annual depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%, and the tax rate is 25%. $741 $560.25 $935.25 -$241 O-$60.25

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Chapter 10, Question 6

Question at position 4 A comparable property sold 10 months ago for $89, 500. If the appropriate adjustment for market conditions is negative 0.30% per month with compounding, what would be the adjusted price of the comparable property?

QUESTION 1 A 5 year old machine is assumed to have depreciated annually at a rate of 4.3% and its current resale value is £2,337. What was the original purchase price of this machine? (Give your answer to the nearest pound.)

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Required information A theft-avoidance locking system has a first cost of $10,000, an AOC of $10,000, and no salvage value after its 3-year life. Assume that you were told the service provided by this asset would be needed for only 5 years. This means that the asset will have to be repurchased and kept for only 2 years. What would its market value, call it M, have to be after 2 years in order to make its annual worth the same as it is for its 3-year life cycle at an interest rate of 10% per year? Determine the market value Musing factors. The market value M is $1 Check my work

Question 2 Milk Company bought a machine on 1 January 2019 for $5,000,000 cash. The machine has an estimated useful life of 10 years with no residual value. The company uses straight-line depreciation method, cost model for all its PPE and its balance day is 31 December. At December 31, 2020, the performance of the asset was not as expected, producing less milk than the original amount predicted. After some calculations, it was estimated that the fair value less cost to sell the machine would be $3,900,000 and the value in use of the machine would be $3,700,000. At December 31, 2021, the fair value less cost to sell the machine is $3,350,000 and the present value of expected future cash flow on the machine is $3,412,500. The recoverable amount of the machine at December 31, 2022, is estimated to be $2,975,000. On 30 September 2023, Milk Company decided to donate the machine to the Dunedin City Council for future fundraising. The fair value of the machine was estimated to be $2,800,000…

Please do not give solution in image format thanku