Pre-Fab purchased some machinery two years ago for $337,600. These assets are classified as five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, .0576, for years 1 to 6, respectively. The company is currently replacing this equipment with newer models at a cost of $528,000. The old equipment is being sold for $149,000. What is the aftertax salvage value from this sale if the tax rate is 35 percent

$153,566.80

Explanation:

Book value of old machine = Machinery Cost*(1 - Accumulated depreciation)

Book value of old machine = $337,600*(1 - 0.20 - 0.32)

Book value of old machine = $337,600*0.48  

Book value of old machine = $162,048

Loss on sale = Sale value - Book value

Loss on sale = $149,000 - $162,048  

Loss on sale = -$13,048

Tax saving due to loss (cash inflow) = $13,048 * 0.35

Tax saving due to loss (cash inflow) = $4,566.80

Total cash inflow = $4,566.8 + $149,000

Total cash inflow = $153,566.80

Therefore, the after-tax salvage value from this sale is $153,566.80.

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answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.