ompany RLM purchased a machine that cost $60,000 and will last 6 years. A salvage value was not assigned to the asset. Determine the annual depreciation expense using the straight-line method

Equipment associated with manufacturing small railcars had a first cost of $190000 with an expected salvage value of $30,000 at the end of its 5-year life. The revenue was $642000 in year 2, with operating expenses of $98,000. If the company's effective tax rate was 31.00%, what would be the difference in taxes paid in year 2 if the depreciation method were straight line instead of Modified Accelerated Cost Recovery System (MACRS)? The MACRS depreciation rate for year 2 is 32%. The difference in taxes paid is determined to be $

Subject : Engineering Economics Please write handwritten Answer

A numerically controlled milling machine was purchased for $95,000. The estimated salvage value was $15,000 after 15 years. What is the machine’s book value after 5 years of depreciation? If the machine is sold for $20,000 early in Year 7, how much gain on sale or recaptured depreciation is there? Assume(a) Straight-line depreciation(b) 150% declining balance depreciation(c) 80% bonus depreciation with the balance using 7-year MACRS depreciation(d) 7-year MACRS depreciation

If depreciation is $604 million and gross value is $800 million Find the value of net value

A machine has a 1st cost of P 140,000 and a life of 8 years with a salvage value of P10,000 at the end of its useful life. Using double declining balance method   a. What is the Book Value on the 3rd year?   b. What is the depreciation charge in the 4th year?

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quipment associated with manufacturing small railcars had a first cost of $170,000 with an expected salvage value of $30,000 at the end of its 5-year life. The revenue was $630,000 in year 2, with operating expenses of $98,000. If the company’s effective tax rate was 36%, what would be the difference in taxes paid in year 2 if the depreciation method were straight line instead of Modified Accelerated Cost Recovery System (MACRS)? The MACRS depreciation rate for year 2 is 32%. The difference in taxes paid is determined to be $  .

Lombard Company is contemplating the purchase of a new​ high-speed widget grinder to replace the existing grinder. The existing grinder was purchased 2 years ago at an installed cost of $57,400​; it was being depreciated under MACRS using a​ 5-year recovery period. The existing grinder is expected to have a usable life of 5 more years. The new grinder costs $103,300 and requires $5,200 in installation​ costs; it has a​ 5-year usable life and would be depreciated under MACRS using a​ 5-year recovery period. Lombard can currently sell the existing grinder for $69,900 without incurring any removal or cleanup costs. To support the increased business resulting from purchase of the new​ grinder, accounts receivable would increase by $40,800​, inventories by $29,900​, and accounts payable by $57,900. At the end of 5​ years, the existing grinder would have a market value of​ zero; the new grinder would be sold to net $28,600after removal and cleanup costs and before taxes. The firm is subject…

A $150,000 asset has been depreciated with the straight-line method over an 8-year life. The estimated salvage value was $30,000. At the end of the fifth year, the asset was sold for $90,000. From a tax perspective, what is happening at the time of disposal and what is the dollar amount?