Question
11. The Corner Market purchased a commercial freezer 3 years ago for $48,900. Today, it is selling this freezer for $32,000. What is the aftertax
11. The Corner Market purchased a commercial freezer 3 years ago for $48,900. Today, it is selling this freezer for $32,000. What is the aftertax cash flow from this sale if the tax rate is 32 percent? The MACRS allowance percentages are as follows:
| Year | Percent |
| 1 | 14.29 |
| 2 | 24.49 |
| 3 | 17.49 |
| 4 | 12.49 |
| 5 | 8.93 |
| 6 | 8.93 |
| 7 | 8.93 |
| 8 | 4.45 |
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Evolutionary Finance
Authors: Bartholomew Frederick Dowling
1st Edition
0230502199, 9780230502192
