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Author Question: The Golden Shades Corporation disposes a capital asset with an original cost of $320,000 and ... (Read 306 times)

Chloeellawright

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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


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Marked as best answer by Chloeellawright on Mar 6, 2021

Ptupou85

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