Baldwin Co. purchases an asset for $50,000. The asset qualifies as a 5-years recovery asset under MACRS with the fixed depreciation for the respective years 1,2,3 and 4 as follows: 20%, 32%, 19.2% and 11.52%. The tax rate is 35%. If the aset is sold at the end of 4 years for $5,000, what is the after-tax cash flow from disposal?

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: