Steven found that the value of his new car is currently $31,200 and will depreciate 6.9% per year. Based on the rate of depreciation, find the value of his car in 5 years. A. $21,822.42 B. $20,436.00 C. $6,240.00 D. $15,600.00
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24. Steven found that the value of his new car is currently $31,200 and will
depreciate 6.9% per year. Based on the rate of
his car in 5 years.
A. $21,822.42
B. $20,436.00
C. $6,240.00
D. $15,600.00
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- Ellie’s car depreciates by 7% per year. the car is valued at $21000. what is the value after 4 years? using the straight line methodHenredon purchases a high-precision programmable router for shaping furniture components for $190,000. It is expected to last 12 years and have a salvage value of $5,000. It will produce $45,000 in net revenue each year during its life. All dollar amounts are expressed in actual dollars. Depreciation follows MACRS 7-year property, taxes are 25%, the actual aftertax MARR is 14.62%, and inflation is 4.2%. Solve, a. Determine the real after-tax cash flows for each year. b. Determine the PW of the after-tax cash flows. c. Determine the AW of the after-tax cash flows. d. Determine the FW of the after-tax cash flows. e. Determine the real IRR of the after-tax cash flows. f. Determine the real ERR of the after-tax cash flows. g. Determine the combined IRR of the after-tax cash flows. h. Determine the combined ERR of the after-tax cash flows.You bought a car 5 years ago for $30,000. This type of car is known to depreciate at a compounded annual rate of 8% per year (given normal mileage and wear-and-tear). If your car depreciated at this rate, how much is it worth today? (Hint: let r = -0.08 and solve for FV).
- Talia’s Tutus bought a new sewing machine for $90,000 that will be depreciated over 5 years using double-declining-balance depreciation with a switch to straight-line. a. Find the depreciation charge each year. b. If the sewing machine is sold after 2 years for $55,000, what will be the after-tax proceeds on the sale if the firm’s tax bracket is 35%?Suppose a new car is purchased for $61,000 and depreciates by 28% over the first year of ownership. If the car is driven 14,400 miles in that year, what is the cost (in dollars) per mile for depreciation. Round your answer to the nearest cent.Suppose a new car is purchased for $41,357 and depreciates by 21% over the first year of ownership. Find the depreciation of the car over the first year. $… If the car is driven 12,870 miles in that year, what is the cost, in dollars per 100 miles driven, for depreciation? (Round your answer to the nearest cent.) …? Dollars per 100 miles
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- Solve the below given Problem with (a) 50% bonus depreciation and (b) 100% bonus depreciation. Henredon purchases a highprecision programmable router for shaping furniture components for $190,000. It is expected to last 12 years and have a salvage value of $5,000. It will produce $45,000 in net revenue each year during its life. All dollar amounts are expressed in real dollars. Depreciation follows MACRS 7-year property, taxes are 25%, the real after-tax MARR is 10%, and inflation is 3.9%. Solve, a. Determine the actual after-tax cash flows for each year. b. Determine the PW of the after-tax cash flows. c. Determine the AW of the after-tax cash flows. d. Determine the FW of the after-tax cash flows. e. Determine the combined IRR of the after-tax cash flows. f. Determine the combined ERR of the after-tax cash flows. g. Determine the real IRR of the after-tax cash flows. h. Determine the real ERR of the after-tax cash flows.Suppose a new car is purchased for $45,357 and depreciates by 21% over the first year of ownership. If the car is driven 12,470 miles in that year, what is the cost, in dollars per 100 miles driven, for depreciation? (Enter a number. Round your answer to the nearest cent.) dollars per 100 miles)My car depreciates 8.3% per year. Its original value was $19,000. Find its value 6 years later. Round to the dollar $