Blackjack Inc

question 71

Multiple Choice

Blackjack Inc.wants to replace a 9-year-old machine with a new machine that is more efficient.The old machine cost $70,000 when new and has a current book value of $15,000.Blackjack can sell the machine to a foreign buyer for $14,000.Blackjack's tax rate is 35%.The effect of the sale of the old machine on the initial outlay for the new machine is

• A) ($14,350).
• B) ($13,650).
• C) ($9,100).
• D) $1,000.

---

Definitions:

Turn Of The Century

The transition from one century to the next; often used to specify the period around the 19th to 20th centuries, characterized by significant social and technological changes.

Eccentric

Characterized by unconventional or odd behavior, interests, or habits.

Modern Cities

Urban areas that are characterized by developed infrastructure, technological advancements, and diverse populations.

Walking Cities

Urban areas that were designed or evolved to be navigable primarily by foot, before the widespread use of automobiles.