Bob's Construction Co needs to purchase a truck with a specific toolbox and then sell it 2 years later to get a new model. According to the IRS, his vehicle must be depreciated on a 3 year MACRS schedule. What is the highest price he can sell this vehicle after 2 years to avoid a tax liability? His original purchase price was $62,000

The MACRS schedule is as follows:

[MACRS Year 1: 33%; Year 2: 45%; Year 3: 15%; Year 4: 7%]

Group of answer choices

$13,640

$14,740

$15,840

$16,940