Scribd Logo
Upload

Welcome to Scribd!

  • 6 views

    Menghitung Angsuran / Tahun: PV of Buy, Borrow (62,990,844)

    Uploaded by

    lisahun
    This document calculates the amortization schedule and tax implications of buying versus leasing a truck over 4 years. It shows that buying the truck results in a net present value of -Rp 62,990,844 after factoring in depreciation tax deductions, interest payments, resale value, and a tax rate of 40%. Leasing the truck yields a lower net present value of -Rp 70,397,701 due to fixed lease payments and no tax deductions for depreciation or interest. Therefore, buying the truck is the more financially advantageous option compared to leasing it.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Menghitung Angsuran / Tahun: PV of Buy, Borrow (62,990,844)

    Uploaded by

    lisahun
    6 views2 pages
    This document calculates the amortization schedule and tax implications of buying versus leasing a truck over 4 years. It shows that buying the truck results in a net present value of -Rp 62,990,844 after factoring in depreciation tax deductions, interest payments, resale value, and a tax rate of 40%. Leasing the truck yields a lower net present value of -Rp 70,397,701 due to fixed lease payments and no tax deductions for depreciation or interest. Therefore, buying the truck is the more financially advantageous option compared to leasing it.

    Original Description:

    financial calculation for project valuation

    Original Title

    CV Purnama

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    XLS, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document calculates the amortization schedule and tax implications of buying versus leasing a truck over 4 years. It shows that buying the truck results in a net present value of -Rp 62,990,844 after factoring in depreciation tax deductions, interest payments, resale value, and a tax rate of 40%. Leasing the truck yields a lower net present value of -Rp 70,397,701 due to fixed lease payments and no tax deductions for depreciation or interest. Therefore, buying the truck is the more financially advantageous option compared to leasing it.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    6 views2 pages

    Menghitung Angsuran / Tahun: PV of Buy, Borrow (62,990,844)

    Uploaded by

    lisahun
    This document calculates the amortization schedule and tax implications of buying versus leasing a truck over 4 years. It shows that buying the truck results in a net present value of -Rp 62,990,844 after factoring in depreciation tax deductions, interest payments, resale value, and a tax rate of 40%. Leasing the truck yields a lower net present value of -Rp 70,397,701 due to fixed lease payments and no tax deductions for depreciation or interest. Therefore, buying the truck is the more financially advantageous option compared to leasing it.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 2

    Menghitung Angsuran / Tahun

    PV
    100000000
    N
    4
    I
    0.2
    PMT
    ?
    (38,628,912)

    After Tax Interest Rate


    = 20% x (1 - 0.4)
    = 12%

    Table of Amortization Loan


    Year
    Total Repayment
    1
    (38,628,912)
    2
    (38,628,912)
    3
    (38,628,912)
    4
    (38,628,912)
    Total
    (154,515,648)
    Buy, Borrow
    Year

    Depreciation
    1
    2
    3
    4

    20,000,000
    20,000,000
    20,000,000
    20,000,000

    Interest Payment
    (20,000,000)
    (16,274,218)
    (11,803,279)
    (6,438,152)
    (54,515,648)

    Tax Deductable
    (interest + depreciation)
    40,000,000
    36,274,218
    31,803,279
    26,438,152

    Resale Value of the truck at year 4 : Rp. 20.000.000

    Lease
    Year

    Lease Payment
    1
    2
    3
    4

    (38,628,912)
    (38,628,912)
    (38,628,912)
    (38,628,912)

    Net (Dis)Advantage to Leasing

    Repayment of Principal
    (18,628,912)
    (22,354,694)
    (26,825,633)
    (32,190,760)
    (100,000,000)

    Tax Saving
    40%
    16,000,000
    14,509,687
    12,721,311
    10,575,261
    NPV of Buy, Borrow
    PV of Resale Value
    PV of Buy, Borrow

    Tax Saving
    Net Cash Flow
    40%
    15,451,565
    15,451,565
    15,451,565
    15,451,565
    NPV of Leasing
    (7,406,857)

    (23,177,347)
    (23,177,347)
    (23,177,347)
    (23,177,347)
    (70,397,701)

    Outstanding Principal
    (81,371,088)
    (59,016,393)
    (32,190,760)
    -

    Net Cash Flow


    (22,628,912)
    (24,119,225)
    (25,907,601)
    (28,053,651)
    (75,701,205)
    12,710,362
    (62,990,844)

    You might also like