after tax proceeds ?

Problem 11.09 Sandhill Corporation just purchased computing equipment for $17,000. The equipment will be depreciated using a five-year MACRS depreciation schedule. If the equipment is sold at the end of its fourth year for $12,000, what are the after tax proceeds from the sale, assuming the marginal tax rate is 35 percent? (Round answer to 2 decimal places, 15.25) EXHIBIT 11.7 MACRS Depreciation Schedules by Allowable Recovery Period The MACRS schedule is the direction t hat time for a place to service wher the Tax Reform Act of 1986 went into effect. The table indicates the percentage of the cost of the that can be decisted in each year during the period that it is being used Year the yer in which the use is first placed in service Year 3-Year S-Year 7.Year 10 Year 15 Year 20. Ver 33. 20.00 14 1000 4445 200 24.99 TERI 1920 10 12.09 XO 5.76 1.41 591 PRINTER VERSION BACK 44.45 14.81 7.41 2.00% 32.00 19.20 11.52 11.52 14.29% 24.49 17.49 12.49 8.93 RSS TUS 18.00 14.40 11.52 9.22 7.37 6.55 6.56 655 5.76 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 205 4.46 416 2.24 100.00 10.00 100. 100.000 Total 100.00% 100.00% After-tax proceeds Click if you would like to Show Work for this question: Dren Show Work