An asset for drilling was purchased and placed in service by a petroleum production company. lts cost basis is $60,000, and it has an estimated MV of $12,000 at the end of an estimated useful life of 15 years. If the expected annual net revenue from this asset is $8,000, what is the after-tax cash flow for year 5 (end of year 5)? The company's paying income tax at the 1500 rate, and the 150% DB method is used for depreciation. Round to the nearest integer.

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would: