A firm has a machine it can sell for $40,000. The book value of the machine is currently $20,000. If the firm sells the machine, what are the net proceed from the sale? Assume that the tax rate is 40%. Round to the nearest penny. Do not include a dollar sign in your answer.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A firm has a machine it can sell for $40,000. The book value of the machine is currently $20,000. If the firm sells the machine, what are ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Harry is a 34 year old sergeant in the US Air force. He has been employed full time with the Air force since graduating from college. Is harry considered to be part of the US labor force? Why or why not?
Answers (2)
Matthew, Inc. owns 30 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the investee's operations and decision making. On January 1, 2018, the balance in the Investment in Lindman account is $348,000.
Answers (1)
Roy makes so much money in his private tutoring business that all of his classmates start their own tutoring businesses. what is the effect of competition on the market for tutoring?
Answers (1)
Which of the following acts allows employees to file a wage discrimination complaint within 180 days of their last paycheck? A. Rehabilitation Act B. Fair Labor Standards Act C. Lilly Ledbetter Fair Pay D. Equal Pay Act E. Paycheck Fairness Act
Answers (1)
Economic models a. are useful because they do not omit any real-world details. b. are usually composed of diagrams and equations. c. are usually plastic representations of the economy. d. are not useful because they omit many real-world details.
Answers (1)
New Questions in Business
Behavioral economist Richard Thaler has studied several examples of how businesses make use of inconsistencies in consumer decision-making.
Answers (1)
Linda underpaid her taxes for the current year by $4,000 due to negligence. a. Calculate Linda's accuracy-related penalty for negligence. $ b.
Answers (1)
A retired person with $200,000 to invest states that "current income" is her main investment objective. Which of the following would be most suitable? (A) High yield bonds and growth stocks (B) Municipal bonds, U. S.
Answers (1)
How do compliments and substitutes affect demand?
Answers (1)
Non-trade receivables should be reported separately from trade receivables. Why is this statement either true or false? A) It is true because trade receivables are current assets and non-trade receivables are long term.
Answers (1)