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(Chapter 6) Avis Rental Cars purchased $78,000 of fixed assets two years ago that are classified as 5-year MACRS property. The MACRS rates are 20
(Chapter 6) Avis Rental Cars purchased $78,000 of fixed assets two years ago that are classified as 5-year MACRS property. The MACRS rates are 20 percent, 32 percent. 19.2 percent, 11.52 percent. 11.52 percent, and 5.76 percent for Years 1 to 6 respectively. The tax rate is 34 percent. If the assets are sold today for $38.000. what will be the after-tax cash flow from the sale? ACAS $37,809.60 00 $37A 58181 000 $32.717.76
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