Three Years Ago,Stock Tek Purchased Some Five-Year MACRS Property for $67,400.Today,it

question 37

Multiple Choice

Three years ago,Stock Tek purchased some five-year MACRS property for $67,400.Today,it is selling this property for $28,000.How much tax will the firm owe on this sale if the tax rate is 35 percent? The MACRS allowance percentages are as follows,commencing with year 1:
20) 00,32.00,19.20,11.52,11.52,and 5.76 percent.

• A)-$3,006
• B)-$1,480
• C)$0
• D)$1,480
• E)$3,006

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Definitions:

Aggregate Planner

A professional role responsible for developing, executing, and monitoring a production plan that balances demand and supply over a medium-term horizon, typically focusing on general levels rather than specifics.

Mixed Strategy

In game theory, a strategic plan in which a player utilizes a mixture of actions, each with a specific probability, to ensure unpredictability.

Chase Strategy

A management approach where production meets the exact demand for goods, reducing inventory costs by producing only what is needed.

Aggregate Planning

A process in supply chain management that develops, analyzes, and maintains a preliminary, approximate schedule of the overall operations of an organization.