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A florist buys a delivery truck for $29,000. It is classified as a light-duty truck. THe company sold its delivery truck after three years of
A florist buys a delivery truck for $29,000. It is classified as a light-duty truck. THe company sold its delivery truck after three years of service. If a five-year life and MACRS was used for the depreciation schedule, what is the after-tax cash flow from the sale of the truck (use a 30% tax rate) if,
A) if the sales price was $14,000?
B) if the sales price was $10,000?
C) if the sales price was $2,000?
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