13) Your company bought a piece of machinery for $80,000, and depreciated it using a 7-...

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13) Your company bought a piece of machinery for $80,000, and depreciated it using a 7- year MACRS approach. However, after 3 years your company sold the machinery for $50,000. Compute the after-tax gains or losses your company makes on this sale. Assume a tax rate of 21%. 13) Your company bought a piece of machinery for $80,000, and depreciated it using a 7- year MACRS approach. However, after 3 years your company sold the machinery for $50,000. Compute the after-tax gains or losses your company makes on this sale. Assume a tax rate of 21%.