Question
ABC Company purchased $82,114 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $3,652. What
ABC Company purchased $82,114 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $3,652. What is the After-taxSalvage Value if the tax rate is 19%?
The MACRS allowance percentages are as follows, commencing with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
