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Social Science Clinic => Accounting => Topic started by: Chloeellawright on Mar 6, 2021

Title: The Golden Shades Corporation disposes a capital asset with an original cost of $320,000 and ...
Post by: Chloeellawright on Mar 6, 2021

Question 1

The galaxy Corporation disposes a capital asset with an original cost of $180,000 and accumulated depreciation of $91,000 for $47,000. The company's tax rate is 40%. Calculate the after-tax cash inflow from the disposal of the capital asset.
◦ $16,800
◦ ($16,800)
◦ $63,800
◦ $89,000

Question 2

The Golden Shades Corporation disposes a capital asset with an original cost of $320,000 and accumulated depreciation of $140,000 for a salvage price of $42,000. Golden Shades's tax rate is 35%. Calculate the after-tax cash inflow from the disposal of the capital asset.
◦ $48,300
◦ $138,000
◦ $42,000
◦ $90,300

Title: The Golden Shades Corporation disposes a capital asset with an original cost of $320,000 and ...
Post by: Ptupou85 on Mar 6, 2021

Answer 1

$63,800

Answer 2

$90,300

Title: Re: The Golden Shades Corporation disposes a capital asset with an original cost of $320,000 and ...
Post by: 楊雯芳 on Oct 8, 2021

thank you