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An asset used in a four-year project falls in the five-year MACAS class for tax purposes. The asset has an acquisition cost of $6,655,622.00 and

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An asset used in a four-year project falls in the five-year MACAS class for tax purposes. The asset has an acquisition cost of $6,655,622.00 and will be sold for $1,527,164.00 at the end of the project (End of the 4 th year). If the tax rate is 35.00%, what is the after-tax salvage value of the asset? Answer format: Currency: Aound to: 2 decimal places, A firm is trying to determine the cash fow from selling an old computer system to an interested buyer. The computer system was purchased five yearn ago for $433,542.00. The system was depreciated using the 7 -year MACRS schedule. The firm has an offer this morning for $64,015.00. The tax rate facing the firm is 34,00\%. The firm will only accopt the otfer if it generates a cash flow greater than $50,411.00. What is the cument book value of the computer system? Answer format: Currency: Pound to: 2 decimal places

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