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.
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FIN 486 Week 3 Individual Assignment Long-Term Financial Needs( 2 Papers)
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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: