An equipment purchased at a cost $$80,000$ by a local company is being depreciated using MACRS method as a $5-$year property. At the end of four years, the management decided to sell the equipment for a modest price of $$20,000.$ The company is in the $34\%$ tax bracket. Compute the tax consequence on the sale of this equipment.

$$6,800$

$$926\mathrm{.}40$

$$533\mathrm{.}12$

None of these