$10$ Homework

Question $6,$

Part $1$ of $3$

Richardses tree farm, Inc. purchased a new aerial tree trimmer for $94,000.$ It is classified in the property class catergory of a single purpose agricultral and horticultral structure. Then the compang dold the tree trimmer afger $4$ years of service. If a seven year life and marcs was used for the depreciation schedyle what is the after tac cash flow from the sale of the t

Data table

MACRS Fixed Annual Expense Percentages by Recovery Class

Click on this icon $$ to download the data from this table

$\backslash$table$[[$Year$,3-$Year,$5-$Year,$7-$Year,$10-$Year$],[1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%,10\mathrm{.}00\%$rimmer $($use a $40\%$ tax rate$)$ if

a$.$ the sales price was $$36,000?$

b$.$ the sales price was $$29,365\mathrm{.}60?$

c$.$ the sales price was $$22,000?$

a$.$ If the sales price is $$36,000,$ what is the after$-$tax cash flow?

$ $($Round to the nearest cent.$)$