Question

explain which region of the country, North, South, or west favored tariffs and why or which region opposed tariffs and why

Answer 1

The after-tax net salvage value of the equipment is $8,312,500, calculated by determining the gain from the sale, applying the tax rate, and subtracting the taxes from the sale price.

Step-by-step explanation:

The after-tax net salvage value of Allen Air Lines' equipment can be calculated by first determining the book value of the equipment and then how much gain or loss is made on the sale. With an original cost of $25 million and 70% depreciation, the book value is $25 million - ($25 million × 70%) = $7.5 million. The sale price is $8.75 million, resulting in a gain of $8.75 million - $7.5 million = $1.25 million on the sale.

Now, we must calculate taxes on this gain. The tax on the gain is $1.25 million × 35% = $437,500. Therefore, we subtract the taxes from the sale price to find the after-tax net salvage value: $8.75 million - $437,500 = $8,312,500.

In summary, the after-tax net salvage value of the equipment is $8,312,500.

Answer 2

It really depends on the specific time period and what kind of tariffs to have an exact answer, but in general the North and West were more pro-tariff, while the South and East opposed them. The Western colonies/states relied heavily on trade with their large plantations of money-crops like tobacco and sugar, and thus saw tariffs as hurting profits from trade. The North did not produce as much crops due to the colder climate and rocky soil, so they saw tariffs as a way to support the national and state governments (After the United States was established). The west similarly did not have as much emphasis on trade, as it was too far from the coast to benefit from trade routes in Europe, thus they sometimes leaned away from being pro-tariff, but not always. There are different kinds of tariffs, from interstate tariffs created after the Revolution, to earlier tariffs with European nations so it's hard to pinpoint an exact answer, but I hope this at least helped.