A company's product/market scope defines the products and markets on which it will concentrate

What is the present value at a 10 percent discount rate of the depreciation tax shield for a firm in the 35 percent tax bracket that purchases a $50,000 asset being depreciated at 15 percent declining balance with a half-year rule, disposed from the existing asset pool at zero?

A) $10,023 B) $17,500 C) $37,908 D) $10,866

An investor purchased 3 homes for a total of $360,000. Later the investor sold the same homes for a total of $600,000. Based on cost, what was the percentage of gross profit

a. 50% b. 66.67% c. 33.3% d. 25%