ABC Company purchased $89,417 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm

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ABC Company purchased $89,417 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $3,307. What is the After-taxSalvage Value if the tax rate is 15%?

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.

Posted Date: Jun 09, 2024 08:26 PM

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ABC Company purchased $89,417 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm

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