R

Rakesh Kumar • 28.44K Points
Instructor II 

Q. You purchased a computer system which cost $50,000 5 years ago. At that time, the system was estimated to have a service life of 5 years with salvage value of $5,000. These estimates are still good. The property has been depreciated according to a 5 year MACRS property class. Now (at the end of year 5 from purchase) you are considering selling the computer at $10,000. What book value should you use in determining the taxable gains?

(A) 8640
(B) both corporations will have the same amount of net cash flows in year 1.
(C) ajax corporation will have a larger net cash flow than gilbert in year 1.
(D) gilbert corporation will have a larger taxable income than ajax corporation in year 1.
Share

No solution found for this question.
Add Solution and get +2 points.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.

Related MCQs

Q. Which system allows larger processing gain?

Q. A Web site that allows users to enter text, such as a comment or a name, and then stores it and later display it to other users, is potentially vulner

Q. Suppose you are building a SVM model on data X. The data X can be error prone which means that you should not trust any specific data point too much.

Q. The property of a transaction that persists all the crashes is

Q. In DFDs, user interactions with the system is denoted by

Q. There are efficiency gains from all sorts of equipment.

Q. Which one of the following has capability to store data in extremely high densities?

Q. A developer wanted to achieve graphics in his display using ASP.NET. Which of the following web controls are available in ASP.NET to achieve the above

Q. The physical layer translates logical communication requestsfrom the into hardware specific operations.

Q. The log is a sequence of recording all the update activities in the database.

Question analytics