FIN 486 Week 3 Individual Assignment Long-Term Financial Needs ( 2 Papers )
P11 – 9 Tax calculations For each of the following cases , determine the total taxes resulting from the transaction . Assume a 40 % tax rate . The asset was purchased 2 years ago for $ 200,000 and is being depreciated under MACRS using a 5-year recovery period . ( See Table 4.2 on page 120 for the applicable depreciation percentages .)
a . The asset is sold for $ 220,000 . b . The asset is sold for $ 150,000 . c . The asset is sold for $ 96,000 . d . The asset is sold for $ 80,000 .
============================================
FIN 486 Week 3 Individual Assignment Long-Term Financial Needs ( 2 Papers )
For more course tutorials visit www . uophelp . com
This Tutorial contains 2 Different Papers
You are the head of the Huffman Trucking accounting department . Th e chief executive officer ( CEO ) has asked you to prepare a financial r eport addressing long-term financial needs . Resource : Virtual Organizations Examine financial information for Huffman Trucking , within the Virt ual Organization web link located on the course materials page . Read the New Strategic Directions Memo . Calculate external funds needed ( EFN ) to create the pro forma balance sheet . Calculate the following y ear-end ratios for the pro forma statements :