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35. Pluto Manufacturing, Inc., bought equipment costing $100,000 four years ago. The equipment is classified as a 5-year MACRS asset. If the equipment was just
35. Pluto Manufacturing, Inc., bought equipment costing $100,000 four years ago. The equipment is classified as a 5-year MACRS asset. If the equipment was just sold for $20,000 and the tax rate is 40%, the amount of tax that Pluto must pay on the sale is closest to: A. $1,088 B. $1,632 C. $2,720 D. $8,000
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