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MMLU / Adam Smith is considering automating his pin factory with the purchase of a…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Adam Smith is considering automating his pin factory with the purchase of a 475,000machine.Shippingandinstallationwouldcost475,000 machine. Shipping and installation would cost 5,000. Smith has calculated that automation would result in savings of 45,000ayearduetoreducedscrapand45,000 a year due to reduced scrap and 65,000 a year due to reduced labor costs. The machine has a useful life of 4 years and falls in the 3-year property class for MACRS depreciation purposes. The estimated final salvage value of the machine is $120,000. The firm's marginal tax rate is 34 percent. The incremental cash outflow at time period 0 is closest to
Plain-text mathematical notation (without MathML)
Adam Smith is considering automating his pin factory with the purchase of a 475,000machine.Shippingandinstallationwouldcost5,000. Smith has calculated that automation would result in savings of 45,000ayearduetoreducedscrapand65,000 a year due to reduced labor costs. The machine has a useful life of 4 years and falls in the 3-year property class for MACRS depreciation purposes. The estimated final salvage value of the machine is $120,000. The firm's marginal tax rate is 34 percent. The incremental cash outflow at time period 0 is closest to
Original LaTeX notation
Adam Smith is considering automating his pin factory with the purchase of a $475,000 machine. Shipping and installation would cost $5,000. Smith has calculated that automation would result in savings of $45,000 a year due to reduced scrap and $65,000 a year due to reduced labor costs. The machine has a useful life of 4 years and falls in the 3-year property class for MACRS depreciation purposes. The estimated final salvage value of the machine is $120,000. The firm's marginal tax rate is 34 percent. The incremental cash outflow at time period 0 is closest to

choices

  1. $280,000.00
  2. $380,000.00
  3. $480,000.00
  4. $580,000.00

subject

professional_accounting

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Source and history

task_id
249409d7-62af-5c82-b6d4-c081af1a0a63
task_key
all--test--249409d7-62af-5c82-b6d4-c081af1a0a63
task_revision_id
1
config / split
all / test

Official source

initial import