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3 years ago your company bought a machine for $28,000. The machine has been depreciated using a 7-year MACRS schedule. Today, your company sells the
3 years ago your company bought a machine for $28,000. The machine has been depreciated using a 7-year MACRS schedule.
Today, your company sells the machine for $18,000. If the tax rate is 27%, what are the after tax proceeds from the sale of the machine?
Here is the MACRS 7-year schedule:
14.29%
24.49%
17.49%
12.49%
8.93%
8.92%
8.93%
4.46%
Round your answer to 2 decimal places.
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