Question
4 years ago your company bought a machine for $32,000. The machine has been depreciated using a 7-year MACRS schedule. Today, your company sells the
4 years ago your company bought a machine for $32,000. The machine has been depreciated using a 7-year MACRS schedule.
Today, your company sells the machine for $17,000. If the tax rate is 25%, what are the after tax proceeds from the sale of the machine?
Here is the MACRS 7-year schedule:
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 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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Computational Finance Using C And C #
Authors: George Levy DPhil University Of Oxford
1st Edition
0750669195, 978-0750669191
