Genetic Insights Co. purchases an asset for $13,025. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $3,650. Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals

Question 5 (1 point)

 

Genetic Insights Co. purchases an asset for $13,025. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $3,650.

Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals.

To get a custom written paper, place an order with us!

Additional Benefits for you

♦ 24/7 customer support

♦ On-time delivery guarantee

♦ Plagiarism-free research papers

♦ Affordable and student-friendly prices

♦ Scholarly-rich custom-written papers

♦ 100% privacy and confidentiality

We are always aiming to provide top quality academic writing services that will surely enable you achieve your desired academic grades. Our support is round the clock!

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: